Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea - 2022
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea (CIF) - 2022
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea (FOB) - 2022
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea (CIF) - 2022
In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $429 per ton, falling by -10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2021 when the average import price increased by 21%. As a result, import price attained the peak level of $477 per ton, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,471 per ton), while the price for Vietnam ($393 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea (FOB) - 2022
In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $7,552 per ton, reducing by -24.2% against the previous year. Overall, the export price, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 96%. Over the period under review, the average export prices reached the maximum at $11,485 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($24,270 per ton), while the average price for exports to Iraq ($819 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 Japan (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea
In 2022, overseas purchases of flour and meal; of sago, roots or tubers of heading no. 0714 increased by 71% to 9.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt descent.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 soared to $3.9M in 2022. Over the period under review, imports, however, faced a abrupt decline.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.0 | 5.9 | 1.9 | 3.5 | -16.4% |
| China | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 0.5 | 0.3 | 0.4 | 0.1 | -41.5% |
| Total | 6.5 | 6.2 | 2.6 | 3.9 | -15.7% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to South Korea in 2022:
- Vietnam (9.0K tons)
- China (0.2K tons)
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea
In 2022, shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -35.7% to 2.3 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 371%. As a result, the exports reached the peak of 3.7 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 declined remarkably to $18K in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 482%. As a result, the exports reached the peak of $40K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 2.1 | 3.9 | 4.5 | 46.4% |
| New Zealand | N/A | 2.8 | 2.7 | 4.2 | 22.5% |
| Australia | N/A | 1.7 | 18.2 | 3.3 | 39.3% |
| United States | N/A | 6.9 | 7.0 | 1.8 | -48.9% |
| Brazil | N/A | N/A | 0.3 | 1.0 | 233.3% |
| Slovakia | N/A | 4.2 | N/A | 1.0 | -51.2% |
| Kuwait | 3.3 | N/A | 0.6 | 0.4 | -50.5% |
| Iraq | N/A | N/A | N/A | 0.4 | 0% |
| China | N/A | 11.4 | N/A | N/A | 0% |
| Vietnam | 3.0 | N/A | N/A | N/A | 0% |
| Algeria | N/A | 6.2 | N/A | N/A | 0% |
| Others | 0.5 | 4.8 | 3.6 | 1.1 | 30.1% |
| Total | 6.9 | 40.0 | 36.3 | 17.7 | 36.9% |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from South Korea in 2022:
- New Zealand (709.0 kg)
- Iraq (459.0 kg)
- Australia (429.0 kg)
- Canada (340.0 kg)
- Brazil (109.0 kg)
- Slovakia (109.0 kg)
- United States (74.0 kg)
- Kuwait (33.0 kg)
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