Price for Flour, Meal, and Flakes of Potatoes in Belgium - 2023

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

In September 2023, the average export price for flour, meal, and flakes of potatoeses amounted to $2,003 per ton, flattening at the previous month. Over the last ten months, it increased at an average monthly rate of +2.8%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 19% against the previous month. Over the period under review, the average export prices hit record highs at $2,052 per ton in June 2023; however, from July 2023 to September 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($2,809 per ton), while the average price for exports to the United States ($1,576 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In September 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $2,206 per ton, growing by 7.6% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 15% against the previous month. Over the period under review, average import prices hit record highs at $2,257 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($3,426 per ton), while the price for Russia stood at $1,341 per ton.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour, Meal, and Flakes of Potatoes in Belgium

After three years of growth, shipments abroad of flour, meal, and flakes of potatoeses decreased by -4.2% to 101K tons in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year.

In value terms, exports of flour, meal, and flakes of potatoeses expanded sharply to $135M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 24%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Flour, Meal, and Flakes of Potatoes in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	21.9	20.6	23.8	26.6	6.7%
France	13.3	16.9	20.0	23.2	20.4%
Poland	7.2	10.7	14.2	16.4	31.6%
Malaysia	3.2	4.8	3.2	9.8	45.2%
United Kingdom	9.2	10.2	8.0	8.0	-4.6%
Netherlands	3.9	7.5	12.1	7.3	23.2%
Brazil	4.2	3.0	2.9	4.8	4.6%
Spain	2.1	2.4	4.1	4.2	26.0%
United States	0.2	2.0	1.8	4.1	173.7%
Germany	4.4	5.8	8.9	3.6	-6.5%
Portugal	3.7	2.7	2.3	2.9	-7.8%
China	1.7	5.6	4.7	2.9	19.5%
Others	13.0	17.2	19.5	21.3	17.9%
Total	88.1	109	126	135	15.3%

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

France (19.8K tons)
Poland (16.8K tons)
Italy (16.3K tons)
Malaysia (8.4K tons)
United Kingdom (6.1K tons)
Netherlands (5.4K tons)
Germany (3.6K tons)
Brazil (2.9K tons)
Spain (2.8K tons)
United States (2.6K tons)
China (2.0K tons)
Portugal (1.6K tons)

Imports of Flour, Meal, and Flakes of Potatoes in Belgium

In 2022, the amount of flour, meal, and flakes of potatoeses imported into Belgium soared to 34K tons, with an increase of 24% compared with 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of flour, meal, and flakes of potatoeses surged to $43M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Flour, Meal, and Flakes of Potatoes in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	11.7	16.4	14.2	20.3	20.2%
France	8.2	15.5	10.2	15.1	22.6%
Germany	1.6	3.6	7.6	5.4	50.0%
United Kingdom	1.1	1.8	1.5	1.3	5.7%
United States	2.5	1.2	0.2	0.2	-56.9%
Others	0.7	0.1	0.4	0.3	-24.6%
Total	25.8	38.7	34.1	42.7	18.3%