Price for Flour and Meal; of Potatoes in Greece - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in Greece (CIF) - 2023
2. Price for Flour and Meal; of Potatoes in Greece (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Greece
4. Exports of Flour and Meal; of Potatoes in Greece

Price for Flour and Meal; of Potatoes in Greece (CIF) - 2023

In June 2023, the average import price for flour and meal; of potatoeses amounted to $1,598 per ton, rising by 66% against the previous month. In general, import price indicated noticeable growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, flour and meal; of potatoes import price increased by +65.5% against May 2023 indices. The most prominent rate of growth was recorded in October 2022 an increase of 88% against the previous month. As a result, import price attained the peak level of $1,655 per ton. From November 2022 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($21,491 per ton), while the price for Bulgaria ($684 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+28.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour and Meal; of Potatoes in Greece (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $1,003 per ton, growing by 21% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 67% against the previous year. The export price peaked at $2,898 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($1,099 per ton), while the average price for exports to Cyprus ($920 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 the UK (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flour and Meal; of Potatoes in Greece

In 2022, overseas purchases of flour and meal; of potatoeses decreased by -3.1% to 2.1K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports attained the peak of 2.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, flour and meal; of potatoes imports skyrocketed to $2M in 2022. Over the period under review, imports continue to indicate a slight contraction.

Top Suppliers of Flour and Meal; of Potatoes to Greece in 2022:

1. Germany (undefined tons)
2. Bulgaria (1390.6 tons)
3. Netherlands (477.9 tons)
4. Italy (228.5 tons)

Exports of Flour and Meal; of Potatoes in Greece

In 2022, the amount of flour and meal; of potatoeses exported from Greece shrank remarkably to 178 tons, which is down by -33.3% against 2021 figures. Over the period under review, exports continue to indicate a precipitous decline. The smallest decline of -10.1% was in 2021.

In value terms, flour and meal; of potatoes exports plummeted to $179K in 2022. Overall, exports recorded a dramatic contraction. The smallest decline of -9% was in 2021.

Top Export Markets for Flour and Meal; of Potatoes from Greece in 2022:

1. Cyprus (112.5 tons)
2. Bulgaria (37.0 tons)
3. Germany (22.6 tons)

Source: IndexBox Market Intelligence Platform