Price for Flour, Meal, and Flakes of Potatoes in Portugal - 2023

Contents:

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

Price for Flour, Meal, and Flakes of Potatoes in Portugal (CIF) - 2023

The average import price for flour, meal, and flakes of potatoeses stood at $2,976 per ton in September 2023, growing by 13% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in January 2023 an increase of 20% month-to-month. Over the period under review, average import prices attained the peak figure in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($27,240 per ton), while the price for the Netherlands ($2,655 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 Poland (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Portugal (FOB) - 2022

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $2,062 per ton, dropping by -1.8% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2020 an increase of 22% against the previous year. The export price peaked at $2,738 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($3,615 per ton), while the average price for exports to Spain ($1,375 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 Cabo Verde (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour, Meal, and Flakes of Potatoes in Portugal

After two years of decline, overseas purchases of flour, meal, and flakes of potatoeses increased by 23% to 4.6K tons in 2022. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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, meal, and flakes of potatoeses surged to $8.6M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Portugal in 2022:

1. Netherlands (1448.2 tons)
2. Belgium (1282.6 tons)
3. Spain (754.2 tons)
4. France (442.7 tons)
5. Germany (331.2 tons)
6. Poland (318.1 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Portugal

Exports of flour, meal, and flakes of potatoeses from Portugal surged to 394 tons in 2022, increasing by 43% on the previous year. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2020 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, meal, and flakes of potatoeses soared to $812K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Portugal in 2022:

1. Spain (260.1 tons)
2. Angola (99.1 tons)
3. Cabo Verde (30.7 tons)

Source: IndexBox Market Intelligence Platform