Flakes; of Potatoes Price in Australia - 2023

Flakes; of Potatoes Price in Australia (CIF) - 2023

In September 2023, the average flakes; of potatoes import price amounted to $2,825 per ton, dropping by -4.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.1%. The pace of growth appeared the most rapid in November 2022 an increase of 16% m-o-m. Over the period under review, average import prices attained the peak figure at $2,960 per ton in August 2023, and then dropped modestly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($3,113 per ton), while the price for India ($1,998 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in Australia (FOB) - 2022

In 2022, the average flakes; of potatoes export price amounted to $3,238 per ton, dropping by -4.5% against the previous year. Overall, the export price recorded a mild decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 104%. Over the period under review, the average export prices reached the maximum at $3,698 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Nauru ($4,162 per ton), while the average price for exports to New Zealand ($2,129 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 Papua New Guinea (-0.8%), while the prices for the other major destinations experienced a decline.

Flakes; of Potatoes Imports in Australia

For the fourth consecutive year, Australia recorded growth in supplies from abroad of flakes; of potatoeses, which increased by 34% to 8.4K tons in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flakes; of potatoes imports skyrocketed to $15M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Flakes; of Potatoes in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.8	4.3	4.6	8.0	11.3%
Germany	0.8	2.3	3.5	3.9	69.6%
Netherlands	N/A	0.6	1.0	1.8	73.2%
Poland	N/A	N/A	0.5	0.8	60.0%
Belgium	0.1	0.2	0.1	0.5	71.0%
Others	0.4	0.3	0.1	0.1	-37.0%
Total	7.1	7.7	9.9	15.2	28.9%

Top Suppliers of Flakes; of Potatoes to Australia in 2022:

United States (4.0K tons)
Germany (2.6K tons)
Netherlands (1.0K tons)
Poland (0.5K tons)
Belgium (0.2K tons)

Flakes; of Potatoes Exports in Australia

In 2022, shipments abroad of flakes; of potatoeses increased by 77% to 34 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a pronounced descent.

In value terms, flakes; of potatoes exports skyrocketed to $111K in 2022. Over the period under review, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Flakes; of Potatoes in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Papua New Guinea	63.9	59.6	62.7	91.3	12.6%
New Zealand	40.6	1.8	N/A	12.7	-32.1%
Nauru	N/A	N/A	N/A	4.2	0%
Others	2.1	4.4	2.8	2.4	4.6%
Total	107	65.9	65.5	111	1.2%