Price for Flour and Meal; of Potatoes in the UK - 2023

Contents:

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

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

In May 2023, the average import price for flour and meal; of potatoeses amounted to $2,016 per ton, rising by 4.8% against the previous month. Over the period under review, import price indicated a strong expansion from May 2022 to May 2023: its price increased at an average monthly rate of +5.5% 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 +10.8% against March 2023 indices. The pace of growth was the most pronounced in June 2022 an increase of 27% m-o-m. The import price peaked at $2,094 per ton in December 2022; however, from January 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 the Netherlands ($2,117 per ton), while the price for Germany ($643 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 the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flour and meal; of potatoeses stood at $1,349 per ton in 2022, falling by -17.9% against the previous year. In general, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2013 an increase of 265% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,917 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,767 per ton), while the average price for exports to Poland ($400 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 Israel (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of Potatoes in the UK

In 2022, the amount of flour and meal; of potatoeses imported into the UK shrank to 15K tons, reducing by -7.3% on the previous year's figure. Over the period under review, imports showed a abrupt setback.

In value terms, flour and meal; of potatoes imports skyrocketed to $22M in 2022. Overall, imports showed a deep downturn.

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

1. Belgium (undefinedK tons)
2. Netherlands (13.1K tons)
3. South Africa (0.3K tons)
4. India (0.2K tons)
5. Germany (0.1K tons)

Exports of Flour and Meal; of Potatoes in the UK

For the third year in a row, the UK recorded decline in overseas shipments of flour and meal; of potatoeses, which decreased by -19.2% to 752 tons in 2022. Over the period under review, exports showed a precipitous descent.

In value terms, flour and meal; of potatoes exports reduced rapidly to $1M in 2022. Overall, exports continue to indicate a significant curtailment.

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

1. Ireland (163.9 tons)
2. Poland (152.7 tons)
3. Germany (100.9 tons)
4. Italy (70.0 tons)
5. United States (56.7 tons)
6. Canada (54.0 tons)
7. Netherlands (24.9 tons)
8. Spain (19.9 tons)
9. Belgium (11.8 tons)

Source: IndexBox Market Intelligence Platform