Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan - 2023

Contents:

  1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan (CIF) - 2022
  2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan (FOB) - 2022
  3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan
  4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan (CIF) - 2022

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $424 per ton, shrinking by -10.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 126%. As a result, import price attained the peak level of $2,751 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($19,206 per ton), while the price for Indonesia ($291 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $13,513 per ton, waning by -9.5% against the previous year. Over the period under review, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 32%. The export price peaked at $19,827 per ton in 2019; however, from 2020 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 Hong Kong SAR ($29,309 per ton), while the average price for exports to China ($7,716 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 (+6.9%), while the prices for the other major destinations experienced a decline.

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan

In 2022, approx. 1.4K tons of flour and meal; of sago, roots or tubers of heading no. 0714 were imported into Japan; growing by 14% compared with the year before. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 rose modestly to $609K in 2022. Overall, imports, however, recorded a abrupt contraction.

Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia21229733339723.3%
Brazil15.624.335.878.671.4%
Myanmar334229129N/A-37.9%
Others19716297.5134-12.1%
Total758712596609-7.0%

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Japan in 2022:

  1. Indonesia (1360.7 tons)
  2. Brazil (48.0 tons)

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan

For the third consecutive year, Japan recorded decline in shipments abroad of flour and meal; of sago, roots or tubers of heading no. 0714, which decreased by -16.3% to 3.6 tons in 2022. Over the period under review, exports showed a sharp contraction.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 fell sharply to $49K in 2022. In general, exports continue to indicate a significant decrease.

Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.727.722.518.440.0%
Thailand34.010.514.215.0-23.9%
United States13.2N/AN/A10.8-6.5%
United KingdomN/AN/AN/A3.40%
Hong Kong SAR40.36.815.91.6-65.9%
South Korea46.741.612.3N/A-48.7%
Others10.42.60.2N/A-86.1%
Total15189.265.049.2-31.2%

Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Japan in 2022:

  1. China (2389.0 kg)
  2. Thailand (620.0 kg)
  3. United States (460.0 kg)
  4. United Kingdom (120.0 kg)
  5. Hong Kong SAR (55.0 kg)

Source: IndexBox Market Intelligence Platform

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