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

Contents:

  1. Price for Cereal Flour; of Maize (Corn) in Slovakia (CIF) - 2022
  2. Price for Cereal Flour; of Maize (Corn) in Slovakia (FOB) - 2022
  3. Imports of Cereal Flour; of Maize (Corn) in Slovakia
  4. Exports of Cereal Flour; of Maize (Corn) in Slovakia

Price for Cereal Flour; of Maize (Corn) in Slovakia (CIF) - 2022

In 2022, the average import price for cereal flour; of maize (corn) amounted to $977 per ton, declining by -7% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 28%. Over the period under review, average import prices attained the maximum at $1,417 per ton in 2012; however, from 2013 to 2022, 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 the Czech Republic ($1,240 per ton), while the price for Hungary ($720 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flour; of Maize (Corn) in Slovakia (FOB) - 2022

The average export price for cereal flour; of maize (corn) stood at $500 per ton in 2022, jumping by 97% against the previous year. Overall, the export price posted a resilient expansion. The growth pace was the most rapid in 2013 an increase of 137%. The export price peaked at $958 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($1,271 per ton), while the average price for exports to the Czech Republic ($481 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 Germany (+355.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Cereal flour; of maize (corn) imports into Slovakia skyrocketed to 1.1K tons in 2022, increasing by 108% on the year before. In general, imports posted significant growth. 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 skyrocketed to $1M in 2022. Overall, imports showed a significant increase. 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 Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/AN/A155386149.0%
Italy184209198116-14.3%
Hungary52.338.835.361.45.5%
Mexico16.430.319.624.213.8%
Czech Republic31.158.485.312.8-25.6%
Others11973.847.344955.7%
Total4034105411,04937.6%

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

  1. Poland (368.6 tons)
  2. Italy (105.6 tons)
  3. Hungary (85.2 tons)
  4. Mexico (23.5 tons)
  5. Czech Republic (10.4 tons)

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

Cereal flour; of maize (corn) exports from Slovakia contracted rapidly to 46 tons in 2022, waning by -64.1% on 2021 figures. In general, exports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2021 with an increase of 603% against the previous year. As a result, the exports reached the peak of 129 tons, and then declined dramatically in the following year.

In value terms, cereal flour; of maize (corn) exports contracted significantly to $23K in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 398%. As a result, the exports reached the peak of $33K, and then fell remarkably in the following year.

Export of Cereal Flour; of Maize (Corn) in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic4.75.210.221.866.8%
HungaryN/AN/AN/A1.40%
GermanyN/AN/A22.0N/A0%
Poland7.81.30.5N/A-74.7%
Others0.1N/AN/AN/A0%
Total12.66.632.723.222.6%

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

  1. Poland (undefined tons)
  2. Czech Republic (45.2 tons)
  3. Hungary (1.1 tons)

Source: IndexBox Market Intelligence Platform

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