Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium - 2023

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium (CIF) - 2023
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium (FOB) - 2022
3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium
4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium (CIF) - 2023

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $404 per ton in October 2023, which is down by -45.2% against the previous month. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 121% month-to-month. The import price peaked at $975 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Togo ($1,330 per ton), while the price for Cameroon ($292 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Togo (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,737 per ton in 2022, surging by 3.4% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 76% against the previous year. Over the period under review, the average export prices hit record highs at $3,456 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($7,296 per ton), while the average price for exports to Germany ($1,303 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 France (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium

In 2022, imports of flour and meal; of sago, roots or tubers of heading no. 0714 into Belgium soared to 3.6K tons, increasing by 35% on 2021 figures. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 535%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 soared to $2.7M in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 109%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Belgium in 2022:

1. Cote d'Ivoire (1925.6 tons)
2. Cameroon (546.7 tons)
3. Ghana (507.6 tons)
4. Togo (381.1 tons)
5. Netherlands (88.1 tons)
6. Spain (55.9 tons)
7. United Kingdom (4.5 tons)

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Belgium

For the fourth year in a row, Belgium recorded growth in overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714, which increased by 25% to 1.3K tons in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 285% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 skyrocketed to $2.3M in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 219%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Belgium in 2022:

1. France (982.1 tons)
2. Germany (178.5 tons)
3. Netherlands (101.3 tons)
4. Spain (22.6 tons)

Source: IndexBox Market Intelligence Platform