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

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in India (FOB) - 2023
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in India (CIF) - 2022
3. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in India
4. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in India

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in India (FOB) - 2023

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $1,292 per ton in October 2023, waning by -10.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 36% against the previous month. As a result, the export price reached the peak level of $1,480 per ton. From September 2023 to October 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,855 per ton), while the average price for exports to the United Arab Emirates ($888 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.6%), 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 India (CIF) - 2022

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $2,000 per ton, surging by 82% against the previous year. Overall, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 577% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

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

In 2022, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -39.6% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 121%. As a result, the exports reached the peak of 2.3K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 contracted dramatically to $1M in 2022. Overall, exports faced a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 77%. As a result, the exports reached the peak of $2.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. United States (401.2 tons)
2. Sri Lanka (273.0 tons)
3. United Arab Emirates (134.4 tons)
4. Indonesia (116.0 tons)
5. United Kingdom (57.9 tons)
6. Australia (31.4 tons)
7. Qatar (28.8 tons)

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

In 2022, overseas purchases of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by 99.9% to 8 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp contraction. The pace of growth was the most pronounced in 2020 when imports increased by 1,058%. As a result, imports attained the peak of 35 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 plummeted to $16 in 2022. In general, imports showed a sharp setback. The pace of growth appeared the most rapid in 2021 when imports increased by 351%. As a result, imports reached the peak of $26K, and then fell sharply in the following year.

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

1. United Arab Emirates (8.0 kg)

Source: IndexBox Market Intelligence Platform