Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Venezuela - 2022

Contents:

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

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

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $2,241 per ton, surging by 9.9% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -8.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 66%. Over the period under review, average import prices attained the maximum at $2,589 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($30,500 per ton), while the price for the United States ($2,136 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+73.7%), 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 Venezuela (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $3,719 per ton, surging by 4.4% against the previous year. In general, the export price saw a slight increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 182% against the previous year. The export price peaked at $3,782 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +1.0% per year.

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

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 imported into Venezuela declined modestly to 548 kg, standing approx. at the year before. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 0.5%.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 totaled $1.2K in 2022. Overall, imports saw a abrupt curtailment.

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

1. United States (537.0 kg)
2. Brazil (8.0 kg)

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

In 2022, shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714 was finally on the rise to reach 135 kg after two years of decline. Over the period under review, exports, however, saw a precipitous decrease.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 skyrocketed to $502 in 2022. In general, exports, however, showed a significant decline.

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

1. Canada (135.0 kg)

Source: IndexBox Market Intelligence Platform