Price for Flour, Meal, and Flakes of Potatoes in Mexico - 2023

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Mexico (CIF) - 2023
2. Price for Flour, Meal, and Flakes of Potatoes in Mexico (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in Mexico
4. Exports of Flour, Meal, and Flakes of Potatoes in Mexico

Price for Flour, Meal, and Flakes of Potatoes in Mexico (CIF) - 2023

In July 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $3,333 per ton, which is down by -2.5% against the previous month. Over the period under review, the import price, however, posted temperate growth. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 16% against the previous month. As a result, import price reached the peak level of $3,536 per ton. From February 2023 to July 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($3,478 per ton), while the price for Germany ($2,415 per ton) was amongst the lowest.

From October 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Mexico (FOB) - 2022

The average export price for flour, meal, and flakes of potatoeses stood at $1,343 per ton in 2022, standing approx. at the previous year. In general, the export price recorded a pronounced downturn. The growth pace was the most rapid in 2013 an increase of 5.3%. As a result, the export price reached the peak level of $2,120 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($2,727 per ton), while the average price for exports to Honduras ($360 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flour, Meal, and Flakes of Potatoes in Mexico

In 2022, approx. 24K tons of flour, meal, and flakes of potatoeses were imported into Mexico; surging by 3.6% on the year before. Over the period under review, imports, however, saw a pronounced descent.

In value terms, imports of flour, meal, and flakes of potatoeses declined to $34M in 2022. In general, imports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2021 when imports increased by 6.7%.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Mexico in 2022:

1. United States (19.5K tons)
2. Germany (2.4K tons)
3. Netherlands (2.1K tons)
4. Belgium (0.4K tons)

Exports of Flour, Meal, and Flakes of Potatoes in Mexico

For the third year in a row, Mexico recorded decline in shipments abroad of flour, meal, and flakes of potatoeses, which decreased by 0% to 53 tons in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The smallest decline of -11.3% was in 2020.

In value terms, exports of flour, meal, and flakes of potatoeses stood at $71K in 2022. Overall, exports showed a significant decrease. The smallest decline of -6.8% was in 2020.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Mexico in 2022:

1. Venezuela (37.4 tons)
2. United States (10.1 tons)
3. Honduras (2.3 tons)
4. Nicaragua (0.3 tons)

Source: IndexBox Market Intelligence Platform