Price for Flour and Meal; of Potatoes in South Africa - 2023

Contents:

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

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

In 2022, the average export price for flour and meal; of potatoeses amounted to $958 per ton, with an increase of 38% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($2,916 per ton), while the average price for exports to Lesotho ($433 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 Zambia (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in South Africa (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $1,741 per ton, flattening at the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 79% against the previous year. The import price peaked at $2,006 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,749 per ton), while the price for Nigeria ($147 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour and Meal; of Potatoes in South Africa

In 2022, shipments abroad of flour and meal; of potatoeses decreased by -70.5% to 241 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 3.9% against the previous year. As a result, the exports reached the peak of 1K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, flour and meal; of potatoes exports fell rapidly to $231K in 2022. In general, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 19%. As a result, the exports reached the peak of $725K. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. Zimbabwe (82.7 tons)
2. Lesotho (52.1 tons)
3. Botswana (32.7 tons)
4. United Arab Emirates (15.7 tons)
5. Mozambique (13.0 tons)
6. Saint Helena, Ascension and Tristan da Cunha (9.6 tons)
7. Zambia (8.4 tons)
8. Swaziland (6.4 tons)

Imports of Flour and Meal; of Potatoes in South Africa

In 2022, after two years of decline, there was significant growth in supplies from abroad of flour and meal; of potatoeses, when their volume increased by 186% to 40 tons. Overall, imports, however, recorded a significant decline.

In value terms, flour and meal; of potatoes imports skyrocketed to $71K in 2022. In general, imports, however, recorded a deep slump.

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

1. Germany (22.0 tons)
2. India (8.6 tons)
3. Nigeria (4.9 tons)
4. China (3.0 tons)
5. Taiwan (Chinese) (1.3 tons)
6. Italy (0.1 tons)

Source: IndexBox Market Intelligence Platform