Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada - 2023
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada (CIF) - 2023
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada (FOB) - 2022
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada (CIF) - 2023
The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $2,661 per ton in October 2023, growing by 22% against the previous month. Over the last ten months, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in June 2023 an increase of 64% m-o-m. As a result, import price reached the peak level of $2,816 per ton. From July 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Peru ($8,244 per ton), while the price for Cote d'Ivoire ($439 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada (FOB) - 2022
In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $412 per ton, which is down by -25.9% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 140%. As a result, the export price attained the peak level of $1,204 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,887 per ton), while the average price for exports to Peru ($346 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 United States (+4.0%), 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 Canada
In 2022, overseas purchases of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -19.7% to 6.1K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 declined modestly to $12M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24%.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.2 | 6.1 | 6.4 | 6.1 | 5.5% |
| Thailand | 1.1 | 1.2 | 1.1 | 1.5 | 10.9% |
| China | 0.6 | 0.9 | 1.4 | 1.0 | 18.6% |
| Nigeria | 0.4 | 0.6 | 0.6 | 0.7 | 20.5% |
| Nicaragua | N/A | 0.2 | 0.4 | 0.7 | 87.1% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.6 | 0.6 | 6.3% |
| Ghana | 0.4 | 0.4 | 0.4 | 0.3 | -9.1% |
| Cote d'Ivoire | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.7 | 1.3 | 1.5 | 1.1 | 16.3% |
| Total | 8.9 | 11.1 | 12.4 | 12.0 | 10.5% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Canada in 2022:
- United States (3418.5 tons)
- Nigeria (637.1 tons)
- Thailand (619.8 tons)
- China (467.3 tons)
- Cote d'Ivoire (196.9 tons)
- Ghana (192.9 tons)
- Nicaragua (168.6 tons)
- Taiwan (Chinese) (115.5 tons)
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada
In 2022, exports of flour and meal; of sago, roots or tubers of heading no. 0714 from Canada skyrocketed to 1.1K tons, picking up by 273% compared with the year before. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 494%. As a result, the exports reached the peak of 1.6K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $466K in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,214% against the previous year. As a result, the exports attained the peak of $1.3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | N/A | N/A | 46.4 | 286 | 516.4% |
| United States | 11.2 | 1,274 | 64.6 | 90.9 | 101.0% |
| Poland | 86.6 | 70.7 | 56.8 | 61.2 | -10.9% |
| India | N/A | N/A | N/A | 27.6 | 0% |
| Others | 4.7 | 1.9 | 1.0 | 0.2 | -65.1% |
| Total | 102 | 1,346 | 169 | 466 | 65.9% |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Canada in 2022:
- Peru (827.6 tons)
- Poland (177.1 tons)
- India (79.7 tons)
- United States (48.2 tons)
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