Flakes; of Potatoes Price in Singapore - 2022

Contents:

1. Flakes; of Potatoes Price in Singapore (CIF) - 2022
2. Flakes; of Potatoes Price in Singapore (FOB) - 2022
3. Flakes; of Potatoes Imports in Singapore
4. Flakes; of Potatoes Exports in Singapore

Flakes; of Potatoes Price in Singapore (CIF) - 2022

The average flakes; of potatoes import price stood at $2,506 per ton in 2022, with an increase of 8.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 the United States ($2,675 per ton), while the price for India ($1,593 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average flakes; of potatoes export price amounted to $2,667 per ton, jumping by 15% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 29%. As a result, the export price attained the peak level of $3,175 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($2,720 per ton), while the average price for exports to Malaysia totaled $2,631 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.1%), while the prices for the other major destinations experienced a decline.

Flakes; of Potatoes Imports in Singapore

In 2022, imports of flakes; of potatoeses into Singapore shrank notably to 345 tons, reducing by -49.5% compared with 2021 figures. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 119%. As a result, imports reached the peak of 683 tons, and then fell notably in the following year.

In value terms, flakes; of potatoes imports fell dramatically to $864K in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 113%. As a result, imports reached the peak of $1.6M, and then shrank markedly in the following year.

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

1. United States (246.2 tons)
2. Germany (70.6 tons)
3. Netherlands (14.6 tons)
4. India (10.1 tons)

Flakes; of Potatoes Exports in Singapore

In 2022, flakes; of potatoes exports from Singapore fell significantly to 72 tons, reducing by -84.3% against the year before. Over the period under review, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 1,301% against the previous year. As a result, the exports reached the peak of 457 tons, and then reduced markedly in the following year.

In value terms, flakes; of potatoes exports contracted remarkably to $192K in 2022. Overall, exports faced a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 1,107%.

Top Export Markets for Flakes; of Potatoes from Singapore in 2022:

1. Malaysia (62.0 tons)
2. New Zealand (8.1 tons)

Source: IndexBox Market Intelligence Platform