Flakes; of Potatoes Price in Spain - 2023

Contents:

  1. Flakes; of Potatoes Price in Spain (CIF) - 2023
  2. Flakes; of Potatoes Price in Spain (FOB) - 2023
  3. Flakes; of Potatoes Imports in Spain
  4. Flakes; of Potatoes Exports in Spain

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

In August 2023, the average flakes; of potatoes import price amounted to $2,161 per ton, picking up by 6.1% against the previous month. Overall, the import price continues to indicate a pronounced increase. The growth pace was the most rapid in February 2023 when the average import price increased by 96% against the previous month. Over the period under review, average import prices hit record highs at $2,946 per ton in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($3,191 per ton), while the price for the Netherlands ($1,752 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in Spain (FOB) - 2023

The average flakes; of potatoes export price stood at $3,083 per ton in August 2023, increasing by 2.6% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.9%. The most prominent rate of growth was recorded in April 2023 an increase of 15% m-o-m. The export price peaked at $3,105 per ton in May 2023; afterwards, it flattened through to August 2023.

Average prices varied noticeably for the major external markets. In August 2023, the country with the highest price was France ($3,292 per ton), while the average price for exports to Portugal ($2,964 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Flakes; of Potatoes Imports in Spain

Flakes; of potatoes imports into Spain rose rapidly to 15K tons in 2022, growing by 8.3% compared with the year before. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 18%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, flakes; of potatoes imports expanded sharply to $19M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Import of Flakes; of Potatoes in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.54.25.45.35.6%
Netherlands4.33.43.75.15.9%
Belgium2.11.52.03.922.9%
France4.24.44.13.1-9.6%
Austria0.30.51.10.838.7%
Others0.80.30.50.4-20.6%
Total16.214.316.918.54.5%

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

  1. Netherlands (7.6K tons)
  2. Germany (3.9K tons)
  3. Belgium (2.3K tons)
  4. France (1.1K tons)
  5. Austria (0.4K tons)

Flakes; of Potatoes Exports in Spain

In 2022, the amount of flakes; of potatoeses exported from Spain surged to 3.9K tons, rising by 39% compared with 2021. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, flakes; of potatoes exports skyrocketed to $7.5M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Flakes; of Potatoes in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Oman3,1173,1232,9012,408-8.2%
SomaliaN/AN/AN/A1,6960%
United States13574.81,0011,257110.4%
Portugal7826449361,13313.2%
France15316514129424.3%
Netherlands10915021925933.4%
Others653736428413-14.2%
Total4,9484,8935,6257,45914.7%

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

  1. Oman (1059.6 tons)
  2. United States (1039.5 tons)
  3. Somalia (726.0 tons)
  4. Portugal (579.5 tons)
  5. France (136.9 tons)
  6. Netherlands (128.6 tons)

Source: IndexBox Market Intelligence Platform

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