Price for Flour, Meal, and Flakes of Potatoes in the Czech Republic - 2023

Contents:

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

Price for Flour, Meal, and Flakes of Potatoes in the Czech Republic (CIF) - 2023

In September 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $1,677 per ton, picking up by 30% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $1,712 per ton in January 2023; afterwards, it flattened through to September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Austria ($2,785 per ton), while the price for Belgium ($1,027 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in the Czech Republic (FOB) - 2022

The average export price for flour, meal, and flakes of potatoeses stood at $1,973 per ton in 2022, which is down by -13.2% against the previous year. Overall, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 44%. As a result, the export price attained the peak level of $2,484 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($5,902 per ton), while the average price for exports to Poland ($1,504 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 Germany (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour, Meal, and Flakes of Potatoes in the Czech Republic

Imports of flour, meal, and flakes of potatoeses into the Czech Republic surged to 8.9K tons in 2022, jumping by 20% compared with 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of flour, meal, and flakes of potatoeses expanded significantly to $11M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Flour, Meal, and Flakes of Potatoes in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.43.24.34.2-1.5%
Netherlands1.51.32.12.213.6%
Slovakia1.01.11.81.923.9%
Poland0.50.61.21.544.2%
AustriaN/AN/AN/A0.60%
Belgium0.6N/A0.10.3-20.6%
Belarus1.00.4N/AN/A-60.0%
Others0.70.90.30.1-47.7%
Total9.77.59.911.04.3%

Top Suppliers of Flour, Meal, and Flakes of Potatoes to the Czech Republic in 2022:

  1. Germany (3.4K tons)
  2. Netherlands (2.4K tons)
  3. Slovakia (1.2K tons)
  4. Poland (0.9K tons)
  5. Belgium (0.6K tons)
  6. Austria (0.4K tons)

Exports of Flour, Meal, and Flakes of Potatoes in the Czech Republic

In 2022, exports of flour, meal, and flakes of potatoeses from the Czech Republic shrank remarkably to 481 tons, which is down by -16.4% compared with the previous year. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year.

In value terms, exports of flour, meal, and flakes of potatoeses shrank dramatically to $950K in 2022. Overall, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of $1.3M, and then shrank markedly in the following year.

Export of Flour, Meal, and Flakes of Potatoes in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia545593598481-4.1%
Poland60.323.621016038.4%
Hungary83.492.412415422.7%
Germany198255272120-15.4%
Others16210010534.9-40.1%
Total1,0491,0641,309950-3.3%

Top Export Markets for Flour, Meal, and Flakes of Potatoes from the Czech Republic in 2022:

  1. Slovakia (275.0 tons)
  2. Poland (106.1 tons)
  3. Hungary (66.2 tons)
  4. Germany (26.9 tons)

Source: IndexBox Market Intelligence Platform

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