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

Contents:

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

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

In 2022, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,194 per ton, shrinking by -5.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. As a result, the export price reached the peak level of $2,057 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1,194 per ton), while the average price for exports to South Korea stood at $1,194 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.5%), 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 Vietnam (CIF) - 2022

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,570 per ton in 2022, growing by 7.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2017 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($1,573 per ton) and Japan ($1,571 per ton), while the price for Denmark ($1,570 per ton) and India ($1,570 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.9%), 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 Vietnam

In 2022, after two years of decline, there was significant decline in overseas shipments of flour and meal; of the dried leguminous vegetables of heading no. 0713, when their volume decreased by -32.3% to 32 tons. In general, exports, however, saw significant growth.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 reduced rapidly to $38K in 2022. Overall, exports, however, recorded significant growth.

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

1. Japan (24.2 tons)
2. South Korea (7.6 tons)

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

In 2022, supplies from abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -25.4% to 16 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp slump. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year. As a result, imports attained the peak of 119 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 contracted notably to $26K in 2022. In general, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. As a result, imports reached the peak of $174K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Denmark (8.4 tons)
2. India (7.1 tons)
3. Japan (0.4 tons)
4. South Korea (0.4 tons)

Source: IndexBox Market Intelligence Platform