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

Contents:

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

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

The average import price for flour, meal, and flakes of potatoeses stood at $2,105 per ton in August 2023, surging by 5.2% against the previous month. Over the period from December 2022 to August 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in May 2023 when the average import price increased by 9% month-to-month. The import price peaked in August 2023.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($3,114 per ton), while the price for India ($730 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in the UK (FOB) - 2023

The average export price for flour, meal, and flakes of potatoeses stood at $3,040 per ton in August 2023, with a decrease of -4.5% against the previous month. Over the period from December 2022 to August 2023, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in May 2023 when the average export price increased by 11% against the previous month. The export price peaked at $3,184 per ton in July 2023, and then fell slightly in the following month.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Saudi Arabia ($3,701 per ton), while the average price for exports to Germany ($597 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of flour, meal, and flakes of potatoeses decreased by -4.8% to 49K tons, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 3.2% against the previous year. As a result, imports reached the peak of 59K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flour, meal, and flakes of potatoeses expanded rapidly to $72M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.

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

1. Netherlands (22.5K tons)
2. Germany (7.7K tons)
3. Denmark (7.0K tons)
4. Belgium (5.9K tons)
5. United States (3.7K tons)
6. India (0.3K tons)
7. Italy (0.1K tons)

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

Exports of flour, meal, and flakes of potatoeses from the UK declined to 5K tons in 2022, which is down by -7.4% compared with the previous year. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 95%. As a result, the exports reached the peak of 5.5K tons, and then shrank in the following year.

In value terms, exports of flour, meal, and flakes of potatoeses fell to $10M in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 149%. As a result, the exports attained the peak of $11M, and then reduced in the following year.

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

1. Netherlands (1459.5 tons)
2. Denmark (734.7 tons)
3. Belgium (624.4 tons)
4. Israel (490.8 tons)
5. Norway (404.0 tons)
6. Ireland (229.1 tons)
7. Oman (196.0 tons)
8. Poland (152.7 tons)
9. Germany (117.7 tons)
10. Kuwait (110.4 tons)
11. Spain (87.1 tons)
12. United States (72.8 tons)

Source: IndexBox Market Intelligence Platform