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

Contents:

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

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

The average import price for flour, meal, and flakes of potatoeses stood at $2,680 per ton in July 2023, increasing by 11% against the previous month. Over the period from November 2022 to July 2023, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in April 2023 when the average import price increased by 12% against the previous month. As a result, import price reached the peak level of $2,780 per ton. From May 2023 to July 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Poland ($2,821 per ton) and the United States ($2,780 per ton), while the price for India ($2,210 per ton) and Germany ($2,659 per ton) were amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $5,681 per ton, jumping by 39% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 643%. As a result, the export price reached the peak level of $21,285 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($8,619 per ton), while the average price for exports to Taiwan (Chinese) ($4,588 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of flour, meal, and flakes of potatoeses decreased by -2.2% to 26K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 5.7%. As a result, imports attained the peak of 30K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of flour, meal, and flakes of potatoeses stood at $49M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of $51M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United States (14.3K tons)
2. Germany (6.9K tons)
3. India (2.2K tons)
4. Poland (0.8K tons)
5. Denmark (0.6K tons)
6. Bangladesh (0.5K tons)
7. Netherlands (0.2K tons)

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

In 2022, the amount of flour, meal, and flakes of potatoeses exported from Japan soared to 9.5 tons, with an increase of 124% compared with 2021. In general, exports recorded significant growth. 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 $54K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Taiwan (Chinese) (6.0 tons)
2. China (1.8 tons)
3. Australia (1.2 tons)
4. United States (0.4 tons)

Source: IndexBox Market Intelligence Platform