Price for Cereal Flour; of Maize (Corn) in Colombia - 2022
Contents:
- Price for Cereal Flour; of Maize (Corn) in Colombia (FOB) - 2022
- Price for Cereal Flour; of Maize (Corn) in Colombia (CIF) - 2022
- Exports of Cereal Flour; of Maize (Corn) in Colombia
- Imports of Cereal Flour; of Maize (Corn) in Colombia
Price for Cereal Flour; of Maize (Corn) in Colombia (FOB) - 2022
The average export price for cereal flour; of maize (corn) stood at $797 per ton in February 2022, dropping by -3.6% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2021 an increase of 6.2% month-to-month. Over the period under review, the average export prices reached the maximum at $826 per ton in January 2022, and then contracted in the following month.
Average prices varied somewhat for the major foreign markets. In February 2022, the countries with the highest prices were the United States ($992 per ton) and Costa Rica ($952 per ton), while the average price for exports to Argentina ($694 per ton) and Peru ($748 per ton) were amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Colombia (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $728 per ton, rising by 1.9% against the previous year. Overall, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $1,297 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($1,462 per ton), while the price for the United States ($360 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+84.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereal Flour; of Maize (Corn) in Colombia
In 2022, overseas shipments of cereal flour; of maize (corn) decreased by -7.3% to 44K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year.
In value terms, cereal flour; of maize (corn) exports dropped to $35M in 2022. The total export value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 29% against the previous year.
| Export of Cereal Flour; of Maize (Corn) in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 10.1 | 9.4 | 13.8 | 10.5 | 1.3% |
| Peru | N/A | N/A | N/A | 9.4 | 0% |
| Ecuador | 6.5 | 12.4 | 9.8 | 5.9 | -3.2% |
| United States | 1.3 | 1.6 | 4.4 | 3.3 | 36.4% |
| Panama | 2.3 | 3.6 | 2.3 | 2.0 | -4.6% |
| Costa Rica | 3.1 | 3.5 | 3.2 | 2.0 | -13.6% |
| Others | 3.4 | 3.7 | 3.1 | 2.4 | -11.0% |
| Total | 26.6 | 34.2 | 36.6 | 35.4 | 10.0% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Colombia in 2022:
- Peru (13.5K tons)
- Chile (13.1K tons)
- Ecuador (7.9K tons)
- United States (2.9K tons)
- Costa Rica (2.2K tons)
- Panama (1.9K tons)
Imports of Cereal Flour; of Maize (Corn) in Colombia
In 2022, supplies from abroad of cereal flour; of maize (corn) decreased by -20% to 198 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 198%.
In value terms, cereal flour; of maize (corn) imports dropped dramatically to $144K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 143%.
| Import of Cereal Flour; of Maize (Corn) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2.9 | 4.6 | 73.5 | 58.1 | 171.6% |
| Italy | 9.5 | 3.5 | 43.7 | 37.5 | 58.0% |
| Guatemala | 10.1 | 3.6 | 33.9 | 26.4 | 37.8% |
| United States | 17.7 | 3.2 | 21.7 | 10.3 | -16.5% |
| Romania | N/A | N/A | N/A | 7.4 | 0% |
| Venezuela | N/A | 95.3 | N/A | N/A | 0% |
| Others | 5.9 | 1.5 | 4.5 | 4.8 | -6.6% |
| Total | 46.0 | 112 | 177 | 144 | 46.3% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Colombia in 2022:
- Mexico (72.3 tons)
- Italy (60.6 tons)
- United States (28.7 tons)
- Guatemala (18.1 tons)
- Romania (16.9 tons)
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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.
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