Price for Flour and Meal; of Potatoes in Ethiopia - 2021

Contents:

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

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

In 2022, the average export price for flour and meal; of potatoeses amounted to $2,258 per ton, picking up by 3.5% against the previous year. In general, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 59%. The export price peaked at $3,641 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,057 per ton), while the average price for exports to the Netherlands ($895 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 the United States (+3.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for flour and meal; of potatoeses amounted to $7,122 per ton, surging by 68% against the previous year. Overall, the import price recorded a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Africa ($26,500 per ton), while the price for China ($1,918 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+536.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour and Meal; of Potatoes in Ethiopia

After three years of growth, shipments abroad of flour and meal; of potatoeses decreased by -39% to 658 kg in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 879%.

In value terms, flour and meal; of potatoes exports contracted sharply to $1.5K in 2022. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 691% against the previous year.

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

1. United Kingdom (405.0 kg)
2. United States (123.0 kg)
3. Switzerland (60.0 kg)
4. Netherlands (38.0 kg)
5. Sweden (28.0 kg)

Imports of Flour and Meal; of Potatoes in Ethiopia

For the third consecutive year, Ethiopia recorded decline in purchases abroad of flour and meal; of potatoeses, which decreased by -20.3% to 828 kg in 2022. Over the period under review, imports continue to indicate a dramatic shrinkage.

In value terms, flour and meal; of potatoes imports skyrocketed to $5.9K in 2022. In general, imports recorded a significant contraction.

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

1. Netherlands (457.0 kg)
2. China (341.0 kg)
3. India (28.0 kg)
4. South Africa (2.0 kg)

Source: IndexBox Market Intelligence Platform