Flakes; of Potatoes Price in the United States - 2023
Contents:
- Flakes; of Potatoes Price in the United States (FOB) - 2023
- Flakes; of Potatoes Price in the United States (CIF) - 2023
- Flakes; of Potatoes Exports in the United States
- Flakes; of Potatoes Imports in the United States
Flakes; of Potatoes Price in the United States (FOB) - 2023
The average flakes; of potatoes export price stood at $1,316 per ton in September 2023, reducing by -4.5% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 7.4% m-o-m. As a result, the export price reached the peak level of $1,442 per ton. From December 2022 to September 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In September 2023, the highest price was recorded for prices to Indonesia ($1,551 per ton) and Japan ($1,368 per ton), while the average price for exports to Canada ($1,267 per ton) and the UK ($1,276 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Flakes; of Potatoes Price in the United States (CIF) - 2023
The average flakes; of potatoes import price stood at $1,986 per ton in September 2023, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.0%. The pace of growth was the most pronounced in January 2023 an increase of 18% m-o-m. Over the period under review, average import prices attained the peak figure at $2,010 per ton in March 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($3,712 per ton), while the price for Belgium ($1,622 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 the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Flakes; of Potatoes Exports in the United States
In 2022, the amount of flakes; of potatoeses exported from the United States declined to 65K tons, waning by -6.8% against the previous year. In general, exports continue to indicate a deep setback.
In value terms, flakes; of potatoes exports fell to $91M in 2022. Overall, exports showed a abrupt curtailment. The smallest decline of -3.7% was in 2020.
| Export of Flakes; of Potatoes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 29.2 | 26.6 | 29.4 | 27.5 | -2.0% |
| Japan | 27.2 | 33.9 | 29.9 | 25.0 | -2.8% |
| Canada | 18.3 | 16.9 | 15.1 | 14.7 | -7.0% |
| United Kingdom | 3.6 | 5.4 | 9.0 | 9.2 | 36.7% |
| Australia | 7.4 | 6.9 | 5.3 | 4.5 | -15.3% |
| Indonesia | 5.1 | 4.0 | 2.3 | 2.8 | -18.1% |
| Others | 19.5 | 12.5 | 7.4 | 7.0 | -28.9% |
| Total | 110 | 106 | 98.4 | 90.7 | -6.2% |
Top Export Markets for Flakes; of Potatoes from the United States in 2022:
- Mexico (19.7K tons)
- Japan (16.1K tons)
- Canada (11.7K tons)
- United Kingdom (7.2K tons)
- Australia (3.2K tons)
- Indonesia (2.0K tons)
Flakes; of Potatoes Imports in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of flakes; of potatoeses, when their volume decreased by -12.9% to 52K tons. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year.
In value terms, flakes; of potatoes imports rose rapidly to $77M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Flakes; of Potatoes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.2 | 26.4 | 29.1 | 37.5 | 12.7% |
| Canada | 8.9 | 9.8 | 10.0 | 15.4 | 20.1% |
| Netherlands | 14.6 | 18.3 | 20.3 | 13.3 | -3.1% |
| Spain | 1.5 | 2.1 | 2.4 | 2.5 | 18.6% |
| Belgium | 0.3 | 0.8 | 1.3 | 1.8 | 81.7% |
| Others | 3.3 | 5.7 | 9.4 | 6.7 | 26.6% |
| Total | 54.8 | 63.1 | 72.6 | 77.1 | 12.1% |
Top Suppliers of Flakes; of Potatoes to the United States in 2022:
- Germany (24.2K tons)
- Netherlands (11.7K tons)
- Canada (11.0K tons)
- Belgium (1.3K tons)
- Spain (0.8K tons)
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