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

Contents:

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

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

In May 2023, the average import price for flour and meal; of potatoeses amounted to $2,062 per ton, increasing by 25% against the previous month. Overall, import price indicated a measured expansion from May 2022 to May 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, flour and meal; of potatoes import price increased by +24.8% against April 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 27% m-o-m. Over the period under review, average import prices attained the maximum at $2,409 per ton in January 2023; however, from February 2023 to May 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,479 per ton), while the price for Hungary ($718 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Italy (FOB) - 2023

The average export price for flour and meal; of potatoeses stood at $1,383 per ton in June 2023, waning by -25.9% against the previous month. Over the period under review, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in November 2022 an increase of 96% month-to-month. The export price peaked at $2,760 per ton in January 2023; however, from February 2023 to June 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In June 2023, the country with the highest price was Cuba ($1,449 per ton), while the average price for exports to the UK amounted to $1,022 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of Potatoes in Italy

After two years of decline, overseas purchases of flour and meal; of potatoeses increased by 0.2% to 6.5K tons in 2022. Over the period under review, imports, however, showed a precipitous contraction.

In value terms, flour and meal; of potatoes imports skyrocketed to $10M in 2022. Overall, imports, however, saw a deep setback.

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

1. Netherlands (2.6K tons)
2. Belgium (2.4K tons)
3. Germany (1.0K tons)
4. Poland (0.3K tons)

Exports of Flour and Meal; of Potatoes in Italy

Flour and meal; of potatoes exports from Italy soared to 677 tons in 2022, growing by 44% compared with the previous year's figure. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 77%. As a result, the exports attained the peak of 681 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, flour and meal; of potatoes exports soared to $930K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 98% against the previous year. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Germany (174.7 tons)
2. Cuba (136.0 tons)
3. Brazil (46.0 tons)
4. United States (42.3 tons)
5. Switzerland (40.2 tons)
6. Norway (35.2 tons)
7. France (33.1 tons)
8. Hong Kong SAR (25.0 tons)
9. Austria (22.4 tons)
10. Aruba (22.0 tons)
11. Australia (18.8 tons)
12. United Kingdom (18.7 tons)
13. South Korea (16.8 tons)

Source: IndexBox Market Intelligence Platform