Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium - 2023

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium (FOB) - 2023
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium (CIF) - 2023
3. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium
4. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium (FOB) - 2023

In November 2023, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $928 per ton, rising by 13% against the previous month. In general, export price indicated a temperate increase from November 2022 to November 2023: its price increased at an average monthly rate of +4.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -3.8% against September 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 45% against the previous month. Over the period under review, the average export prices attained the peak figure at $965 per ton in September 2023; however, from October 2023 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($1,522 per ton), while the average price for exports to Germany ($564 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium (CIF) - 2023

In November 2023, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,514 per ton, increasing by 11% against the previous month. Over the period under review, the import price showed a moderate expansion. The most prominent rate of growth was recorded in January 2023 an increase of 116% month-to-month. The import price peaked at $4,138 per ton in August 2023; however, from September 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($7,438 per ton), while the price for France ($903 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium

In 2022, approx. 21K tons of flour and meal; of the dried leguminous vegetables of heading no. 0713 were exported from Belgium; rising by 35% compared with 2021. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 7,222% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 skyrocketed to $17M in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 3,405% against the previous year. Over the period under review, the exports of flour and meal; of dried leguminous vegetables of heading no. 0713 reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Belgium in 2022:

1. Netherlands (9.2K tons)
2. Germany (6.5K tons)
3. Czech Republic (3.0K tons)
4. United Kingdom (1.0K tons)
5. Italy (0.6K tons)
6. Spain (0.4K tons)

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Belgium

After three years of growth, overseas purchases of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -11.6% to 706 tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38%.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 declined markedly to $812K in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 70%.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Belgium in 2022:

1. Netherlands (325.7 tons)
2. Italy (197.6 tons)
3. France (158.1 tons)

Source: IndexBox Market Intelligence Platform