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

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Saudi Arabia (FOB) - 2022
2. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Saudi Arabia

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

In 2022, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $831 per ton, surging by 5.5% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -16.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 55%. The export price peaked at $1,239 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($985 per ton), while the average price for exports to Bahrain stood at $333 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas shipments of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -21.7% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 contracted sharply to $1.1M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 68%.

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

1. United Arab Emirates (1002.4 tons)
2. Bahrain (310.5 tons)

Source: IndexBox Market Intelligence Platform