Price for Flour and Meal; of Potatoes in Belgium - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in Belgium (FOB) - 2023
2. Price for Flour and Meal; of Potatoes in Belgium (CIF) - 2023
3. Exports of Flour and Meal; of Potatoes in Belgium
4. Imports of Flour and Meal; of Potatoes in Belgium

Price for Flour and Meal; of Potatoes in Belgium (FOB) - 2023

The average export price for flour and meal; of potatoeses stood at $1,053 per ton in June 2023, waning by -12.5% against the previous month. In general, the export price, however, recorded a moderate increase. The pace of growth was the most pronounced in April 2023 when the average export price increased by 70% against the previous month. As a result, the export price attained the peak level of $1,527 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In June 2023, the country with the highest price was Brazil ($2,852 per ton), while the average price for exports to China stood at $2,192 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Belgium (CIF) - 2023

In June 2023, the average import price for flour and meal; of potatoeses amounted to $3,539 per ton, with an increase of 52% against the previous month. Overall, import price indicated tangible growth from June 2022 to June 2023: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, flour and meal; of potatoes import price increased by +84.0% against March 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 71% against the previous month. Over the period under review, average import prices hit record highs in June 2023.

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

From June 2022 to June 2023, the rate of growth in terms of prices for Romania amounted to +6.9% per month.

Exports of Flour and Meal; of Potatoes in Belgium

In 2022, overseas shipments of flour and meal; of potatoeses decreased by -33.1% to 4.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 481%.

In value terms, flour and meal; of potatoes exports reduced dramatically to $3.5M in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 248% against the previous year.

Top Export Markets for Flour and Meal; of Potatoes from Belgium in 2022:

1. Germany (1810.8 tons)
2. Czech Republic (796.3 tons)
3. China (705.6 tons)
4. Spain (477.0 tons)
5. France (358.0 tons)
6. Netherlands (156.7 tons)

Imports of Flour and Meal; of Potatoes in Belgium

In 2022, after two years of decline, there was growth in overseas purchases of flour and meal; of potatoeses, when their volume increased by 0.3% to 966 tons. Overall, imports, however, showed a abrupt slump.

In value terms, flour and meal; of potatoes imports rose slightly to $1.7M in 2022. Over the period under review, imports, however, saw a abrupt shrinkage.

Top Suppliers of Flour and Meal; of Potatoes to Belgium in 2022:

1. France (449.1 tons)
2. Netherlands (404.1 tons)
3. Austria (51.4 tons)
4. Romania (24.8 tons)
5. United Kingdom (18.2 tons)
6. Germany (1.4 tons)

Source: IndexBox Market Intelligence Platform