Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay - 2022

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay (CIF) - 2022
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay (FOB) - 2022
3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay
4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay (CIF) - 2022

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,063 per ton in 2022, picking up by 24% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flour and meal; of sago, roots or tubers of heading no. 0714 increased by +33.2% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $1,561 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($7,864 per ton), while the price for Brazil totaled $922 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $4,469 per ton in 2022, rising by 18% against the previous year. Over the period under review, the export price saw strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 574%. As a result, the export price reached the peak level of $8,225 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to +18.5% per year.

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay

Imports of flour and meal; of sago, roots or tubers of heading no. 0714 into Uruguay declined rapidly to 266 tons in 2022, which is down by -22.8% on the previous year. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of 345 tons, and then dropped notably in the following year.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 reduced modestly to $283K in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. As a result, imports attained the peak of $295K, and then reduced modestly in the following year.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Uruguay in 2022:

1. Brazil (261.0 tons)
2. Peru (5.3 tons)

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Uruguay

For the third consecutive year, Uruguay recorded decline in shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714, which decreased by -59.5% to 224 kg in 2022. Over the period under review, exports showed a sharp shrinkage. The smallest decline of -14% was in 2020.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 shrank remarkably to $1K in 2022. Overall, exports faced a precipitous curtailment. The smallest decline of -10% was in 2020.

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Uruguay in 2022:

1. Paraguay (224.0 kg)

Source: IndexBox Market Intelligence Platform