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

Contents:

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

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

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $3,001 per ton in October 2023, reducing by -23.4% against the previous month. Over the period under review, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in February 2023 an increase of 9% m-o-m. Over the period under review, the average export prices attained the maximum at $4,293 per ton in July 2023; however, from August 2023 to October 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Switzerland ($8,159 per ton), while the average price for exports to the UK ($2,415 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.3%), 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 the Netherlands (CIF) - 2023

In October 2023, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $1,730 per ton, picking up by 11% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 61% against the previous month. Over the period under review, average import prices hit record highs at $2,361 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($7,329 per ton), while the price for Thailand ($1,117 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 China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714, when their volume decreased by -9.1% to 1.8K tons. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 contracted to $6.1M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 77%.

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

1. Germany (324.1 tons)
2. Italy (307.2 tons)
3. Saudi Arabia (249.8 tons)
4. Belgium (140.2 tons)
5. United Kingdom (115.3 tons)
6. Spain (111.9 tons)
7. Poland (78.7 tons)
8. France (57.8 tons)
9. Sweden (53.7 tons)
10. Ireland (47.2 tons)
11. Portugal (27.2 tons)
12. Finland (23.8 tons)

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

In 2022, approx. 2.2K tons of flour and meal; of sago, roots or tubers of heading no. 0714 were imported into the Netherlands; surging by 12% on 2021. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 114% against the previous year. As a result, imports reached the peak of 2.2K tons; afterwards, it flattened through to 2022.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $5M in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 112% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Ghana (573.2 tons)
2. Brazil (476.4 tons)
3. Peru (265.8 tons)
4. Honduras (208.9 tons)
5. Thailand (148.8 tons)
6. Nigeria (100.3 tons)
7. Italy (57.6 tons)
8. United Kingdom (47.5 tons)
9. United States (14.4 tons)

Source: IndexBox Market Intelligence Platform