Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia - 2022

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia (FOB) - 2022
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia (CIF) - 2022
3. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia
4. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia (FOB) - 2022

In 2022, the average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,534 per ton, with an increase of 45% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($1,542 per ton), while the average price for exports to Kazakhstan totaled $1,320 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia (CIF) - 2022

In 2022, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,801 per ton, with an increase of 21% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -12.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 52%. As a result, import price reached the peak level of $2,065 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($4,948 per ton), while the price for Poland ($1,540 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+65.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia

In 2022, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 from Russia reduced notably to 9.1 tons, waning by -86.7% on the previous year's figure. In general, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 107% against the previous year. As a result, the exports attained the peak of 69 tons, and then fell sharply in the following year.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 shrank sharply to $14K in 2022. Overall, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. As a result, the exports attained the peak of $73K, and then fell significantly in the following year.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Russia in 2022:

1. Belarus (8.8 tons)
2. Kazakhstan (0.3 tons)

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Russia

In 2022, the amount of flour and meal; of the dried leguminous vegetables of heading no. 0713 imported into Russia expanded rapidly to 29 tons, growing by 9.7% against the year before. In general, imports, however, showed a mild descent.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $53K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.9% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 59% against the previous year. As a result, imports attained the peak of $66K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Russia in 2022:

1. Poland (23.4 tons)
2. India (3.7 tons)
3. Peru (2.0 tons)

Source: IndexBox Market Intelligence Platform