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

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Spain (CIF) - 2022
2. Price for Flour, Meal, and Flakes of Potatoes in Spain (FOB) - 2023
3. Imports of Flour, Meal, and Flakes of Potatoes in Spain
4. Exports of Flour, Meal, and Flakes of Potatoes in Spain

Price for Flour, Meal, and Flakes of Potatoes in Spain (CIF) - 2022

The average import price for flour, meal, and flakes of potatoeses stood at $1,074 per ton in 2022, growing by 4.7% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2013 an increase of 17%. Over the period under review, average import prices reached the peak figure at $1,617 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Belgium ($1,699 per ton), while the price for Poland ($471 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for flour, meal, and flakes of potatoeses stood at $3,100 per ton in September 2023, stabilizing at the previous month. Over the period from November 2022 to September 2023, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 14% against the previous month. The export price peaked at $3,106 per ton in May 2023; afterwards, it flattened through to September 2023.

Average prices varied noticeably for the major export markets. In September 2023, the highest price was recorded for prices to Portugal ($3,122 per ton) and Oman ($3,090 per ton), while the average price for exports to the Netherlands ($2,972 per ton) and France ($3,074 per ton) were amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of flour, meal, and flakes of potatoeses into Spain expanded modestly to 24K tons, with an increase of 2.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of flour, meal, and flakes of potatoeses rose remarkably to $26M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Spain in 2022:

1. Netherlands (10.2K tons)
2. Germany (5.7K tons)
3. France (4.8K tons)
4. Belgium (2.3K tons)
5. Poland (0.3K tons)

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

In 2022, the amount of flour, meal, and flakes of potatoeses exported from Spain surged to 4K tons, jumping by 34% compared with the previous year's figure. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% 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 +65.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour, meal, and flakes of potatoeses surged to $7.6M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +45.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Oman (1057.5 tons)
2. United States (1037.5 tons)
3. Somalia (724.6 tons)
4. Portugal (582.3 tons)
5. France (147.1 tons)
6. Netherlands (128.4 tons)
7. Italy (29.0 tons)

Source: IndexBox Market Intelligence Platform