Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Russia - 2022

Contents:

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

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

In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $2,791 per ton, shrinking by -6.8% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 37% against the previous year. As a result, import price reached the peak level of $15,357 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($11,230 per ton), while the price for Spain ($2,685 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $5,422 per ton in 2022, shrinking by -13.2% against the previous year. Overall, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 26%. The export price peaked at $11,379 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($18,563 per ton), while the average price for exports to Vietnam ($2,601 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 Serbia (+18.3%), 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 Russia

After three years of growth, supplies from abroad of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -6.9% to 222 tons in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 2,469%.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 declined to $620K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,219%.

Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/A54.9342430179.9%
PolandN/A56.911717173.4%
Lithuania10.962.61741.1-53.4%
MalaysiaN/A33.8N/AN/A0%
Others6.015.081.418.244.8%
Total16.9223714620232.3%

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

  1. Spain (160.0 tons)
  2. Poland (60.1 tons)
  3. Lithuania (0.1 tons)

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

In 2022, the amount of flour and meal; of sago, roots or tubers of heading no. 0714 exported from Russia expanded slightly to 61 tons, increasing by 3.8% against the year before. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 181% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 fell to $330K in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. As a result, the exports attained the peak of $366K, and then contracted in the following year.

Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam1.9N/A63.0111288.0%
Azerbaijan8.10.216.749.082.2%
Kazakhstan21.231.542.638.421.9%
Czech Republic15.622.139.536.332.5%
Serbia13.515.724.329.529.8%
Uzbekistan24.420.920.719.8-6.7%
Mongolia12.124.711118.314.8%
Ukraine19.217.520.3N/A2.8%
Others29.340.027.527.4-2.2%
Total14517336633031.5%

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

  1. Vietnam (42.6 tons)
  2. Kazakhstan (4.2 tons)
  3. Azerbaijan (3.4 tons)
  4. Serbia (3.0 tons)
  5. Czech Republic (2.5 tons)
  6. Uzbekistan (2.3 tons)
  7. Mongolia (1.0 tons)

Source: IndexBox Market Intelligence Platform

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