Price for Cereal Flour; of Maize (Corn) in Nigeria - 2022
Contents:
- Price for Cereal Flour; of Maize (Corn) in Nigeria (CIF) - 2022
- Price for Cereal Flour; of Maize (Corn) in Nigeria (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Nigeria
- Exports of Cereal Flour; of Maize (Corn) in Nigeria
Price for Cereal Flour; of Maize (Corn) in Nigeria (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $331 per ton, picking up by 5.5% against the previous year. In general, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 157%. As a result, import price reached the peak level of $1,766 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($696 per ton), while the price for China ($260 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.3%), while the prices for the other major suppliers experienced a decline.
Price for Cereal Flour; of Maize (Corn) in Nigeria (FOB) - 2022
In 2022, the average export price for cereal flour; of maize (corn) amounted to $556 per ton, growing by 24% against the previous year. Overall, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 103%. As a result, the export price reached the peak level of $712 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,176 per ton), while the average price for exports to Niger ($162 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 Niger (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in Nigeria
In 2022, supplies from abroad of cereal flour; of maize (corn) increased by 6.3% to 500 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt descent.
In value terms, cereal flour; of maize (corn) imports reached $165K in 2022. Overall, imports, however, showed a dramatic curtailment.
Import of Cereal Flour; of Maize (Corn) in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 375 | 123 | 75.9 | 104 | -34.8% |
Indonesia | 45.5 | 21.6 | 14.0 | 20.8 | -23.0% |
Turkey | 86.8 | 24.8 | 48.2 | 17.7 | -41.1% |
Others | 49.2 | 14.2 | 9.2 | 22.7 | -22.7% |
Total | 557 | 183 | 147 | 165 | -33.3% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Nigeria in 2022:
- China (400.6 tons)
- Indonesia (45.1 tons)
- Turkey (33.0 tons)
Exports of Cereal Flour; of Maize (Corn) in Nigeria
In 2022, approx. 603 tons of cereal flour; of maize (corn) were exported from Nigeria; which is down by -15.4% against the previous year's figure. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 6.6% against the previous year.
In value terms, cereal flour; of maize (corn) exports expanded to $335K in 2022. The total export value increased at an average annual rate of +9.2% 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 36%. As a result, the exports attained the peak of $350K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Cereal Flour; of Maize (Corn) in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 0.9 | 221 | 200 | 238 | 541.9% |
Canada | 31.6 | 24.1 | 26.0 | 41.0 | 9.1% |
United States | 52.4 | 31.5 | 23.6 | 22.3 | -24.8% |
Niger | 131 | 49.0 | 35.0 | 1.2 | -79.1% |
Others | 41.5 | 24.4 | 36.8 | 32.9 | -7.4% |
Total | 257 | 350 | 321 | 335 | 9.2% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Nigeria in 2022:
- Ghana (473.1 tons)
- Canada (77.0 tons)
- United States (10.2 tons)
- Niger (7.2 tons)
This report provides an in-depth analysis of the cereal flour market in Nigeria.
This report provides an in-depth analysis of the non-wheat flour market in Nigeria.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the global non-wheat flour market.
This report provides an in-depth analysis of the cereal flour market in Nigeria.
This report provides an in-depth analysis of the non-wheat flour market in Nigeria.
This report provides an in-depth analysis of the global cereal flour market.
This report provides an in-depth analysis of the global non-wheat flour market.
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.