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

Contents:

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

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,224 per ton in October 2023, dropping by -21.9% against the previous month. Overall, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 75% m-o-m. As a result, import price reached the peak level of $3,057 per ton. From September 2023 to October 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Rwanda ($1,759 per ton), while the price for Cote d'Ivoire ($488 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 Ghana (+6.3%), 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 Italy (FOB) - 2022

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $2,313 per ton in 2022, reducing by -6.6% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,074 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($6,510 per ton), while the average price for exports to Serbia ($466 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 Czech Republic (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Italy recorded growth in supplies from abroad of flour and meal; of sago, roots or tubers of heading no. 0714, which increased by 4.3% to 1.5K tons in 2022. The total import volume increased at an average annual rate of +14.0% 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 when imports increased by 21% against the previous year. Over the period under review, imports of hit record highs in 2022 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 shrank to $2.5M in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year.

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

1. Netherlands (516.1 tons)
2. Ghana (357.1 tons)
3. Tanzania (192.0 tons)
4. Rwanda (192.0 tons)
5. Nigeria (70.8 tons)
6. Spain (43.3 tons)
7. Brazil (36.1 tons)

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

Exports of flour and meal; of sago, roots or tubers of heading no. 0714 from Italy skyrocketed to 106 tons in 2022, jumping by 26% against the previous year. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $245K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. Serbia (22.0 tons)
2. United Kingdom (18.6 tons)
3. Japan (17.6 tons)
4. France (16.9 tons)
5. Germany (12.2 tons)
6. Sweden (7.8 tons)
7. Switzerland (4.0 tons)

Source: IndexBox Market Intelligence Platform