Price for Flour, Meal, and Flakes of Potatoes in Australia - 2024
Contents:
- Price for Flour, Meal, and Flakes of Potatoes in Australia (CIF) - 2024
- Price for Flour, Meal, and Flakes of Potatoes in Australia (FOB) - 2022
- Imports of Flour, Meal, and Flakes of Potatoes in Australia
- Exports of Flour, Meal, and Flakes of Potatoes in Australia
Price for Flour, Meal, and Flakes of Potatoes in Australia (CIF) - 2024
The average import price for flour, meal, and flakes of potatoeses stood at $2,697 per ton in September 2023, declining by -6.3% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 10% month-to-month. Over the period under review, average import prices hit record highs at $2,879 per ton in August 2023, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,113 per ton), while the price for China ($1,662 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Flour, Meal, and Flakes of Potatoes in Australia (FOB) - 2022
The average export price for flour, meal, and flakes of potatoeses stood at $2,699 per ton in 2022, declining by -3.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $2,810 per ton, and then fell slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($8,825 per ton), while the average price for exports to Norfolk Island ($539 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 Hong Kong SAR (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Flour, Meal, and Flakes of Potatoes in Australia
In 2022, the amount of flour, meal, and flakes of potatoeses imported into Australia surged to 9.6K tons, with an increase of 43% against the previous year's figure. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of flour, meal, and flakes of potatoeses surged to $16M in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Flour, Meal, and Flakes of Potatoes in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.4 | 4.4 | 4.7 | 8.2 | 8.6% |
| Germany | 0.8 | 2.3 | 3.5 | 3.9 | 69.6% |
| Netherlands | N/A | 0.6 | 1.0 | 1.8 | 73.2% |
| Poland | N/A | N/A | 0.6 | 0.9 | 50.0% |
| China | N/A | 0.1 | 0.4 | 0.6 | 144.9% |
| Belgium | 0.1 | 0.2 | 0.1 | 0.5 | 71.0% |
| India | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Others | 0.4 | 0.4 | 0.2 | 0.2 | -20.6% |
| Total | 7.8 | 8.2 | 10.7 | 16.4 | 28.1% |
Top Suppliers of Flour, Meal, and Flakes of Potatoes to Australia in 2022:
- United States (4.7K tons)
- Germany (2.6K tons)
- Netherlands (1.0K tons)
- Poland (0.5K tons)
- China (0.3K tons)
- India (0.2K tons)
- Belgium (0.2K tons)
Exports of Flour, Meal, and Flakes of Potatoes in Australia
In 2022, shipments abroad of flour, meal, and flakes of potatoeses decreased by -50.7% to 117 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, the exports reached the peak of 337 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of flour, meal, and flakes of potatoeses dropped notably to $315K in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year.
| Export of Flour, Meal, and Flakes of Potatoes in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 64.9 | 155 | 136 | 91.3 | 12.0% |
| Hong Kong SAR | 1.0 | 50.5 | 199 | 86.5 | 342.3% |
| New Zealand | 208 | 288 | 178 | 74.5 | -29.0% |
| Nauru | 24.8 | 8.2 | 8.9 | 13.0 | -19.4% |
| Singapore | 9.7 | 18.5 | 26.9 | 6.5 | -12.5% |
| Norfolk Island | 1.6 | 2.0 | 5.5 | 5.1 | 47.2% |
| Thailand | 3.5 | 6.4 | 1.2 | 4.3 | 7.1% |
| Fiji | 82.8 | 6.7 | N/A | 0.2 | -86.6% |
| Others | 28.0 | 42.6 | 108 | 33.4 | 6.1% |
| Total | 424 | 578 | 664 | 315 | -9.4% |
Top Export Markets for Flour, Meal, and Flakes of Potatoes from Australia in 2022:
- New Zealand (49.8 tons)
- Papua New Guinea (26.6 tons)
- Hong Kong SAR (9.8 tons)
- Nauru (9.5 tons)
- Norfolk Island (9.4 tons)
- Singapore (3.7 tons)
- Thailand (2.1 tons)
- Fiji (0.1 tons)
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