Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Peru - 2022

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Peru (FOB) - 2022
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Peru (CIF) - 2022
3. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Peru
4. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Peru

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Peru (FOB) - 2022

In 2022, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $2,516 per ton, rising by 9.8% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 53%. Over the period under review, the average export prices reached the peak figure at $4,029 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Australia ($5,501 per ton), while the average price for exports to Chile ($1,055 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 United Arab Emirates (+26.5%), 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 Peru (CIF) - 2022

In 2022, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $2,118 per ton, rising by 33% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +8.9% per year.

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

In 2022, approx. 48 tons of flour and meal; of the dried leguminous vegetables of heading no. 0713 were exported from Peru; waning by -30.3% against the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of 69 tons, and then fell significantly in the following year.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 contracted markedly to $121K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $158K, and then declined rapidly in the following year.

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

1. United States (26.9 tons)
2. Spain (13.5 tons)
3. Chile (4.6 tons)
4. Australia (1.5 tons)

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

In 2022, the amount of flour and meal; of the dried leguminous vegetables of heading no. 0713 imported into Peru soared to 1.9 tons, surging by 16% compared with the previous year's figure. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 678% against the previous year. As a result, imports attained the peak of 3.1 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $4K in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 694%. Over the period under review, imports of flour and meal; of dried leguminous vegetables of heading no. 0713 attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. China (1.9 tons)

Source: IndexBox Market Intelligence Platform