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

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Poland (FOB) - 2023
2. Price for Cereal Flour; of Maize (Corn) in Poland (CIF) - 2023
3. Exports of Cereal Flour; of Maize (Corn) in Poland
4. Imports of Cereal Flour; of Maize (Corn) in Poland

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

In June 2023, the average export price for cereal flour; of maize (corn) amounted to $749 per ton, declining by -4.5% against the previous month. Overall, export price indicated a perceptible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cereal flour; of maize (corn) export price decreased by -4.5% against May 2023 indices. The growth pace was the most rapid in October 2022 an increase of 14% month-to-month. The export price peaked at $784 per ton in May 2023, and then shrank modestly in the following month.

Average prices varied somewhat for the major overseas markets. In June 2023, the highest price was recorded for prices to France ($900 per ton) and the UK ($859 per ton), while the average price for exports to Lithuania ($686 per ton) and Germany ($700 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cereal flour; of maize (corn) stood at $749 per ton in June 2023, rising by 7.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in November 2022 an increase of 14% m-o-m. The import price peaked in June 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,267 per ton), while the price for Ukraine ($388 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 17K tons of cereal flour; of maize (corn) were exported from Poland; surging by 3.6% against the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 3.8% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cereal flour; of maize (corn) exports skyrocketed to $8.8M in 2022. The total export value increased at an average annual rate of +10.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Germany (8.9K tons)
2. France (3.8K tons)
3. Belgium (1.8K tons)
4. United Kingdom (1.2K tons)
5. Lithuania (0.8K tons)
6. Netherlands (0.2K tons)
7. Czech Republic (0.1K tons)

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

For the fourth year in a row, Poland recorded growth in purchases abroad of cereal flour; of maize (corn), which increased by 61% to 6.9K tons in 2022. Over the period under review, imports continue to indicate a significant increase. 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 $4M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Romania (2719.4 tons)
2. France (1622.6 tons)
3. Hungary (1007.4 tons)
4. Italy (757.0 tons)
5. Germany (241.3 tons)
6. Ukraine (234.7 tons)
7. Belgium (129.1 tons)

Source: IndexBox Market Intelligence Platform