Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary - 2023
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary (CIF) - 2022
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary (FOB) - 2022
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary (CIF) - 2022
In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $3,770 per ton, waning by -31.8% against the previous year. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 46% against the previous year. The import price peaked at $7,600 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,451 per ton), while the price for Ghana ($1,343 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.2%), 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 Hungary (FOB) - 2022
The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $10,256 per ton in 2022, shrinking by -30.1% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 40%. As a result, the export price attained the peak level of $53,601 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($73,979 per ton), while the average price for exports to the Czech Republic ($4,735 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary
For the fourth year in a row, Hungary recorded growth in overseas purchases of flour and meal; of sago, roots or tubers of heading no. 0714, which increased by 63% to 28 tons in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $107K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 29.9 | 21.2 | -29.1% |
| Germany | 29.9 | 4.4 | 12.4 | 20.8 | -11.4% |
| Thailand | N/A | N/A | N/A | 17.9 | 0% |
| Brazil | N/A | N/A | 11.7 | 10.7 | -8.5% |
| Portugal | N/A | N/A | N/A | 9.6 | 0% |
| China | 13.6 | 13.0 | 9.2 | 9.0 | -12.9% |
| Ghana | N/A | N/A | 2.8 | 2.7 | -3.6% |
| United Kingdom | 13.2 | 24.3 | 11.5 | N/A | -6.7% |
| Others | 20.7 | 19.1 | 18.4 | 14.7 | -10.8% |
| Total | 77.3 | 60.7 | 95.9 | 107 | 11.4% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Hungary in 2022:
- Thailand (10.0 tons)
- Brazil (4.0 tons)
- Portugal (3.4 tons)
- China (3.0 tons)
- Spain (2.7 tons)
- Germany (2.2 tons)
- Ghana (2.0 tons)
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary
In 2022, approx. 3.1 tons of flour and meal; of sago, roots or tubers of heading no. 0714 were exported from Hungary; surging by 15% compared with 2021. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 277%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 reduced rapidly to $32K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of $40K, and then dropped notably in the following year.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | N/A | N/A | 3.4 | 14.5 | 326.5% |
| Romania | 1.1 | 4.1 | 9.2 | 7.0 | 85.3% |
| Czech Republic | N/A | N/A | N/A | 5.0 | 0% |
| Croatia | 3.0 | 6.7 | 12.0 | 3.6 | 6.3% |
| Netherlands | N/A | N/A | N/A | 1.5 | 0% |
| Slovakia | 11.8 | N/A | N/A | N/A | 0% |
| Slovenia | 5.1 | 13.7 | 15.1 | N/A | 72.1% |
| Others | 0.7 | N/A | N/A | 0.3 | -24.6% |
| Total | 21.8 | 24.5 | 39.7 | 31.8 | 13.4% |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Hungary in 2022:
- Czech Republic (1061.0 kg)
- Bosnia and Herzegovina (1029.0 kg)
- Romania (734.0 kg)
- Netherlands (233.0 kg)
- Croatia (48.0 kg)
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