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

Contents:

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

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

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $4,052 per ton in 2022, rising by 4.2% against the previous year. Overall, the import price recorded strong growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 106% against the previous year. Over the period under review, average import prices hit record highs at $4,075 per ton in 2015; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($16,886 per ton), while the price for Thailand ($1,132 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+7.5%), 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 New Zealand (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $21,223 per ton, surging by 340% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($23,032 per ton), while the average price for exports to Australia ($16,632 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 Malaysia (+389.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -9.7% to 107 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 119 tons, and then shrank in the following year.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 shrank to $435K in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 92% against the previous year. As a result, imports attained the peak of $463K, and then reduced in the following year.

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

1. Thailand (31.5 tons)
2. China (27.7 tons)
3. Taiwan (Chinese) (13.7 tons)
4. India (12.2 tons)
5. Peru (7.1 tons)
6. Brazil (6.5 tons)
7. Japan (3.5 tons)

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

Exports of flour and meal; of sago, roots or tubers of heading no. 0714 from New Zealand soared to 310 kg in 2022, growing by 25% against 2021. In general, exports, however, showed a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 151% against the previous year.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 soared to $6.6K in 2022. Over the period under review, exports, however, faced a precipitous descent.

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

1. Malaysia (221.0 kg)
2. Australia (87.0 kg)
3. Samoa (2.0 kg)

Source: IndexBox Market Intelligence Platform