Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China - 2023
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China (FOB) - 2023
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China (CIF) - 2022
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China (FOB) - 2023
In December 2023, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $4,059 per ton, leveling off at the previous month. Over the period under review, export price indicated modest growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -9.9% against August 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 62% m-o-m. The export price peaked at $4,505 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($7,918 per ton), while the average price for exports to Thailand ($603 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China (CIF) - 2022
The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $2,766 per ton in 2022, waning by -4.6% against the previous year. In general, the import price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 588%. As a result, import price reached the peak level of $3,034 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($2,818 per ton), while the price for Myanmar ($221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+1.0%), while the prices for the other major suppliers experienced a decline.
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China
In 2022, shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -2.6% to 2.3K tons, falling for the second consecutive year after two years of growth. In general, exports showed a mild setback. The most prominent rate of growth was recorded in 2020 when exports increased by 1.7%. As a result, the exports attained the peak of 2.4K 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 contracted notably to $8.6M in 2022. Overall, exports saw a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 2.9 | 2.3 | 3.1 | 3.0 | 1.1% |
| United States | 1.2 | 1.7 | 1.4 | 1.4 | 5.3% |
| Taiwan (Chinese) | 1.9 | 1.1 | 1.2 | 1.2 | -14.2% |
| Malaysia | 1.7 | 5.0 | 2.5 | 1.2 | -11.0% |
| Japan | 0.6 | 0.6 | 0.6 | 0.6 | 0.0% |
| Thailand | 0.1 | 0.6 | 0.9 | 0.4 | 58.7% |
| Singapore | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| South Korea | 0.1 | 0.2 | 0.3 | 0.1 | 0.0% |
| Others | 0.7 | 0.7 | 0.6 | 0.4 | -17.0% |
| Total | 9.4 | 12.4 | 10.9 | 8.6 | -2.9% |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from China in 2022:
- Taiwan (Chinese) (734.0 tons)
- Malaysia (435.1 tons)
- Hong Kong SAR (372.3 tons)
- United States (291.8 tons)
- Japan (160.9 tons)
- Singapore (128.2 tons)
- Thailand (51.9 tons)
- South Korea (32.0 tons)
Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China
After three years of growth, overseas purchases of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -7% to 2.3K tons in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 635%. As a result, imports attained the peak of 2.5K tons, and then declined in the following year.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 contracted to $6.5M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 800% against the previous year. As a result, imports reached the peak of $7.3M, and then declined in the following year.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.2 | 0.7 | 6.1 | 6.5 | 219.1% |
| Thailand | N/A | 0.1 | 1.1 | N/A | 1000.0% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 0.3 | 0.8 | 7.3 | 6.5 | 178.8% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to China in 2022:
- Indonesia (2294.7 tons)
- Thailand (0.1 tons)
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