Price for Flour and Meal; of Potatoes in Ireland - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in Ireland (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Ireland (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Ireland
4. Exports of Flour and Meal; of Potatoes in Ireland

Price for Flour and Meal; of Potatoes in Ireland (CIF) - 2022

The average import price for flour and meal; of potatoeses stood at $2,276 per ton in 2022, approximately mirroring the previous year. Overall, the import price recorded a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 143%. The import price peaked at $3,020 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,960 per ton), while the price for Belgium ($883 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Ireland (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $1,187 per ton, approximately equating the previous year. In general, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 171%. The export price peaked at $5,791 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +18.3% per year.

Imports of Flour and Meal; of Potatoes in Ireland

For the third consecutive year, Ireland recorded decline in purchases abroad of flour and meal; of potatoeses, which decreased by 0% to 187 tons in 2022. Overall, imports continue to indicate a precipitous curtailment. The smallest decline of -45.7% was in 2020.

In value terms, flour and meal; of potatoes imports amounted to $425K in 2022. Over the period under review, imports recorded a significant contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 10% against the previous year. As a result, imports attained the peak of $4.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Flour and Meal; of Potatoes to Ireland in 2022:

1. United Kingdom (121.9 tons)
2. Germany (38.5 tons)
3. Belgium (6.0 tons)
4. United States (4.1 tons)
5. Netherlands (4.0 tons)
6. Nigeria (3.6 tons)
7. Italy (0.6 tons)

Exports of Flour and Meal; of Potatoes in Ireland

In 2022, shipments abroad of flour and meal; of potatoeses decreased by 0% to 163 tons, falling for the second consecutive year after two years of growth. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 70% against the previous year. As a result, the exports reached the peak of 522 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, flour and meal; of potatoes exports amounted to $193K in 2022. Over the period under review, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 17%. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Flour and Meal; of Potatoes from Ireland in 2022:

1. United Kingdom (159.8 tons)

Source: IndexBox Market Intelligence Platform