Price for Cereal Flour; of Maize (Corn) in Argentina - 2023

Contents:

  1. Price for Cereal Flour; of Maize (Corn) in Argentina (CIF) - 2022
  2. Price for Cereal Flour; of Maize (Corn) in Argentina (FOB) - 2022
  3. Imports of Cereal Flour; of Maize (Corn) in Argentina
  4. Exports of Cereal Flour; of Maize (Corn) in Argentina

Price for Cereal Flour; of Maize (Corn) in Argentina (CIF) - 2022

In 2022, the average import price for cereal flour; of maize (corn) amounted to $895 per ton, jumping by 16% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 53% against the previous year. As a result, import price reached the peak level of $1,453 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,078 per ton), while the price for Colombia amounted to $790 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.0%).

Price for Cereal Flour; of Maize (Corn) in Argentina (FOB) - 2022

In 2022, the average export price for cereal flour; of maize (corn) amounted to $870 per ton, with an increase of 64% against the previous year. Overall, the export price showed a temperate expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +1.0% per year.

Imports of Cereal Flour; of Maize (Corn) in Argentina

In 2022, approx. 4.2K tons of cereal flour; of maize (corn) were imported into Argentina; surging by 14% compared with the previous year. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +26.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 99% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cereal flour; of maize (corn) imports surged to $3.8M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 52%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Import of Cereal Flour; of Maize (Corn) in Argentina (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
ColombiaN/AN/AN/A2.10%
United States2.02.42.61.6-7.2%
ChileN/A0.4N/AN/A0%
MexicoN/A0.1N/AN/A0%
OthersN/A0.20.2N/A0.0%
Total2.03.12.83.823.9%

Top Suppliers of Cereal Flour; of Maize (Corn) to Argentina in 2022:

  1. Mexico (undefinedK tons)
  2. Colombia (2.7K tons)
  3. United States (1.5K tons)

Exports of Cereal Flour; of Maize (Corn) in Argentina

In 2022, overseas shipments of cereal flour; of maize (corn) decreased by -75.5% to 743 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 429%. As a result, the exports reached the peak of 4.7K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cereal flour; of maize (corn) exports reduced dramatically to $647K in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 656% against the previous year. As a result, the exports attained the peak of $2M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Cereal Flour; of Maize (Corn) in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uruguay52.4517236647131.1%
Chile27.0353289N/A227.2%
Democratic Republic of the Congo114449321N/A67.8%
Angola7.3173454N/A688.6%
Jamaica12.712977.1N/A146.4%
Others48.7359227N/A115.9%
Total2621,9791,60464735.2%

Top Export Markets for Cereal Flour; of Maize (Corn) from Argentina in 2022:

  1. Uruguay (743.0 tons)

Source: IndexBox Market Intelligence Platform

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