Price for Cereal Flour; of Maize (Corn) in Portugal - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Portugal (CIF) - 2023
- Price for Cereal Flour; of Maize (Corn) in Portugal (FOB) - 2023
- Imports of Cereal Flour; of Maize (Corn) in Portugal
- Exports of Cereal Flour; of Maize (Corn) in Portugal
Price for Cereal Flour; of Maize (Corn) in Portugal (CIF) - 2023
The average import price for cereal flour; of maize (corn) stood at $1,390 per ton in June 2023, surging by 9.6% against the previous month. Overall, import price indicated a perceptible increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cereal flour; of maize (corn) import price increased by +54.5% against March 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 47% m-o-m. Over the period under review, average import prices attained the maximum in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($2,931 per ton), while the price for Spain ($743 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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Portugal (FOB) - 2023
The average export price for cereal flour; of maize (corn) stood at $870 per ton in June 2023, with a decrease of -2.9% against the previous month. In general, the export price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 101% month-to-month. The export price peaked at $897 per ton in May 2023, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,755 per ton), while the average price for exports to Cabo Verde ($643 per ton) was 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 Netherlands (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in Portugal
In 2022, imports of cereal flour; of maize (corn) into Portugal skyrocketed to 3.4K tons, growing by 30% compared with the year before. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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 surged to $3.5M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.8 | 360 | 678 | 1,167 | 574.7% |
| Italy | 1,184 | 1,182 | 1,206 | 843 | -10.7% |
| Spain | 251 | 244 | 394 | 399 | 16.7% |
| France | 1,028 | 948 | 195 | 387 | -27.8% |
| Romania | N/A | N/A | N/A | 321 | 0% |
| Malta | N/A | N/A | N/A | 277 | 0% |
| United States | 187 | 99.1 | N/A | 0.1 | -91.9% |
| Others | 184 | 211 | 199 | 147 | -7.2% |
| Total | 2,838 | 3,045 | 2,672 | 3,539 | 7.6% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Portugal in 2022:
- Germany (1056.6 tons)
- Italy (788.5 tons)
- Spain (565.4 tons)
- Malta (503.8 tons)
- France (274.6 tons)
- Romania (162.0 tons)
- United States (0.1 tons)
Exports of Cereal Flour; of Maize (Corn) in Portugal
In 2022, the amount of cereal flour; of maize (corn) exported from Portugal surged to 10K tons, picking up by 219% on 2021 figures. Overall, exports showed a buoyant increase.
In value terms, cereal flour; of maize (corn) exports soared to $4.7M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flour; of Maize (Corn) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,265 | 541 | 611 | 3,366 | 38.6% |
| Cabo Verde | 436 | 459 | 444 | 595 | 10.9% |
| France | 140 | 323 | 190 | 199 | 12.4% |
| Guinea-Bissau | 2.7 | 25.5 | 43.8 | 102 | 235.5% |
| Thailand | N/A | N/A | 4.1 | 88.1 | 2048.8% |
| Angola | 360 | 2,446 | 33.9 | 33.6 | -54.6% |
| Others | 456 | 473 | 478 | 341 | -9.2% |
| Total | 2,659 | 4,267 | 1,804 | 4,725 | 21.1% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Portugal in 2022:
- Spain (7.9K tons)
- Cabo Verde (1.2K tons)
- France (0.2K tons)
- Guinea-Bissau (0.2K tons)
- Thailand (0.2K tons)
- Angola (0.1K tons)
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This report provides an in-depth analysis of the cereal flour market in Portugal.
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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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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.
