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

Contents:

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

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

In July 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $2,145 per ton, remaining stable against the previous month. In general, import price indicated a tangible increase from November 2022 to July 2023: its price increased at an average monthly rate of +4.8% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, import price for flour, meal, and flakes of potatoeses increased by +46.0% against February 2023 indices. The pace of growth was the most pronounced in June 2023 when the average import price increased by 43% against the previous month. The import price peaked in July 2023.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were China ($2,421 per ton) and India ($2,329 per ton), while the price for France ($2,102 per ton) and Denmark ($2,102 per ton) were amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flour, meal, and flakes of potatoeses stood at $1,424 per ton in 2022, declining by -80.2% against the previous year. Over the period under review, the export price recorded a mild curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 266% against the previous year. As a result, the export price reached the peak level of $7,208 per ton, and then declined markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +4.5% per year.

Imports of Flour, Meal, and Flakes of Potatoes in the Philippines

In 2022, supplies from abroad of flour, meal, and flakes of potatoeses was finally on the rise to reach 17K tons after two years of decline. In general, imports, however, recorded a noticeable reduction.

In value terms, imports of flour, meal, and flakes of potatoeses skyrocketed to $26M in 2022. Overall, imports, however, saw a pronounced shrinkage.

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

1. Germany (9.9K tons)
2. Netherlands (2.9K tons)
3. Denmark (2.1K tons)
4. India (1.3K tons)
5. France (0.7K tons)
6. China (0.2K tons)
7. United States (0.1K tons)

Exports of Flour, Meal, and Flakes of Potatoes in the Philippines

For the third consecutive year, the Philippines recorded decline in shipments abroad of flour, meal, and flakes of potatoeses, which decreased by -99.8% to 59 kg in 2022. In general, exports recorded a sharp decline. The smallest decline of -74.9% was in 2020.

In value terms, exports of flour, meal, and flakes of potatoeses reduced markedly to $84 in 2022. Overall, exports continue to indicate a significant decline. The smallest decline of -35.5% was in 2020.

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

1. Japan (59.0 kg)

Source: IndexBox Market Intelligence Platform