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

Contents:

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

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

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $7,029 per ton, waning by -11.6% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 138% against the previous year. Over the period under review, average import prices hit record highs at $25,162 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($8,029 per ton), while the price for the Netherlands ($6,835 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $18,636 per ton, dropping by -50.5% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2016 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $37,667 per ton in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($20,400 per ton), while the average price for exports to the Netherlands ($4,000 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+16.9%), 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 Estonia

In 2022, purchases abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -26.7% to 7.8 tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 509% against the previous year. As a result, imports attained the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 contracted notably to $55K in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 235%. As a result, imports attained the peak of $91K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Netherlands (6.7 tons)
2. Germany (0.8 tons)
3. Bulgaria (0.2 tons)
4. Russia (0.1 tons)

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

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 exported from Estonia skyrocketed to 11 kg, jumping by 83% on the previous year. In general, exports recorded a significant expansion. As a result, the exports reached the peak 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 shrank to $205 in 2022. Over the period under review, exports, however, recorded a deep setback.

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

1. Finland (5.0 kg)
2. Latvia (5.0 kg)
3. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform