Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Peru - 2022

Contents:

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

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

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $7,221 per ton in 2022, jumping by 26% against the previous year. Overall, the export price recorded a pronounced increase. The pace of growth was the most pronounced in 2013 an increase of 30%. Over the period under review, the average export prices attained the maximum at $10,035 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($21,648 per ton), while the average price for exports to Brazil ($3,659 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 Ecuador (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $7,338 per ton, increasing by 571% against the previous year. In general, the import price posted a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +17.1% per year.

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

In 2022, approx. 3.3K tons of flour and meal; of sago, roots or tubers of heading no. 0714 were exported from Peru; rising by 63% compared with the year before. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 +64.6% against 2019 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 and meal; of sago, roots or tubers of heading no. 0714 skyrocketed to $24M in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (1110.3 tons)
2. Brazil (504.3 tons)
3. Netherlands (301.8 tons)
4. Hong Kong SAR (270.7 tons)
5. Japan (151.4 tons)
6. South Korea (143.1 tons)
7. Germany (140.9 tons)
8. Ecuador (95.6 tons)
9. Mexico (77.7 tons)
10. Australia (69.3 tons)
11. Italy (63.1 tons)
12. United Kingdom (56.7 tons)
13. France (55.3 tons)

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

In 2022, imports of flour and meal; of sago, roots or tubers of heading no. 0714 into Peru skyrocketed to 63 tons, with an increase of 536% against 2021. In general, imports enjoyed a significant increase. 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 skyrocketed to $462K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (62.9 tons)

Source: IndexBox Market Intelligence Platform