Price for Flour, Meal, and Flakes of Potatoes in Vietnam - 2022

Contents:

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

Price for Flour, Meal, and Flakes of Potatoes in Vietnam (CIF) - 2022

In 2022, the average import price for flour, meal, and flakes of potatoeses amounted to $1,574 per ton, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2019 an increase of 18%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($1,578 per ton) and Indonesia ($1,578 per ton), while the price for Poland ($1,452 per ton) and India ($1,576 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flour, meal, and flakes of potatoeses stood at $1,522 per ton in 2022, surging by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2019 an increase of 25%. As a result, the export price attained the peak level of $1,592 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +2.0% per year.

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

In 2022, approx. 1.6K tons of flour, meal, and flakes of potatoeses were imported into Vietnam; with an increase of 13% compared with the previous year. In general, imports recorded a relatively flat trend pattern.

In value terms, imports of flour, meal, and flakes of potatoeses surged to $2.5M in 2022. Over the period under review, imports showed a relatively flat trend pattern.

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

1. Denmark (640.5 tons)
2. Belgium (491.8 tons)
3. India (253.8 tons)
4. Germany (139.3 tons)
5. Poland (45.2 tons)
6. Indonesia (24.0 tons)
7. Netherlands (2.5 tons)

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

For the third consecutive year, Vietnam recorded decline in overseas shipments of flour, meal, and flakes of potatoeses, which decreased by -60.6% to 4.3 tons in 2022. Overall, exports faced a dramatic downturn. The smallest decline of -22.8% was in 2020.

In value terms, exports of flour, meal, and flakes of potatoeses dropped notably to $6.6K in 2022. Over the period under review, exports recorded a dramatic shrinkage. The smallest decline of -35.8% was in 2020.

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

1. Cambodia (4.3 tons)

Source: IndexBox Market Intelligence Platform