Price for Cereal Flour; of Maize (Corn) in Australia - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Australia (CIF) - 2023
- Price for Cereal Flour; of Maize (Corn) in Australia (FOB) - 2023
- Imports of Cereal Flour; of Maize (Corn) in Australia
- Exports of Cereal Flour; of Maize (Corn) in Australia
Price for Cereal Flour; of Maize (Corn) in Australia (CIF) - 2023
In July 2023, the average import price for cereal flour; of maize (corn) amounted to $1,311 per ton, with an increase of 8.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 22% against the previous month. Over the period under review, average import prices hit record highs at $1,410 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($1,929 per ton), while the price for Mexico ($773 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Africa (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Flour; of Maize (Corn) in Australia (FOB) - 2023
In July 2023, the average export price for cereal flour; of maize (corn) amounted to $1,412 per ton, growing by 5.3% against the previous month. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in April 2023 when the average export price increased by 1,779% m-o-m. As a result, the export price attained the peak level of $20,101 per ton. From May 2023 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Solomon Islands ($3,032 per ton), while the average price for exports to New Zealand ($1,360 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in Australia
In 2022, purchases abroad of cereal flour; of maize (corn) increased by 28% to 12K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) imports soared to $13M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 increased by +65.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cereal Flour; of Maize (Corn) in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 6.7 | 7.3 | 7.0 | 11.0 | 18.0% |
Mexico | 0.5 | 0.7 | 0.7 | 0.8 | 17.0% |
Namibia | N/A | N/A | 0.2 | 0.3 | 50.0% |
India | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
South Africa | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
Others | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
Total | 7.8 | 8.8 | 8.4 | 12.9 | 18.3% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Australia in 2022:
- United States (10.0K tons)
- Mexico (1.2K tons)
- Namibia (0.4K tons)
- South Africa (0.2K tons)
- India (0.2K tons)
Exports of Cereal Flour; of Maize (Corn) in Australia
In 2022, approx. 3.4K tons of cereal flour; of maize (corn) were exported from Australia; rising by 36% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cereal flour; of maize (corn) exports skyrocketed to $2.6M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 89%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
Export of Cereal Flour; of Maize (Corn) in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 358 | 652 | 1,262 | 1,761 | 70.1% |
New Zealand | 141 | 263 | 641 | 638 | 65.4% |
Others | 77.2 | 172 | 94.1 | 161 | 27.8% |
Total | 576 | 1,087 | 1,996 | 2,561 | 64.4% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Australia in 2022:
- Thailand (2.7K tons)
- New Zealand (0.6K tons)
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This report provides an in-depth analysis of the cereal flour market in Australia.
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This report provides an in-depth analysis of the global cereal flour market.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.