Price for Cereal Flour; of Maize (Corn) in Spain - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Spain (CIF) - 2023
- Price for Cereal Flour; of Maize (Corn) in Spain (FOB) - 2023
- Imports of Cereal Flour; of Maize (Corn) in Spain
- Exports of Cereal Flour; of Maize (Corn) in Spain
Price for Cereal Flour; of Maize (Corn) in Spain (CIF) - 2023
In June 2023, the average import price for cereal flour; of maize (corn) amounted to $1,036 per ton, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +3.6%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 46% month-to-month. The import price peaked at $1,046 per ton in April 2023; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($2,635 per ton), while the price for Portugal ($512 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 the Netherlands (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Spain (FOB) - 2023
In June 2023, the average export price for cereal flour; of maize (corn) amounted to $1,002 per ton, jumping by 44% against the previous month. Overall, export price indicated a noticeable increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.6% 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 increased by +60.0% against April 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Portugal ($2,234 per ton), while the average price for exports to Senegal ($375 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 (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in Spain
In 2022, supplies from abroad of cereal flour; of maize (corn) decreased by -6.9% to 31K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 155% against the previous year. As a result, imports attained the peak of 50K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereal flour; of maize (corn) imports rose significantly to $26M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.3% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 94% against the previous year. As a result, imports attained the peak of $30M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereal Flour; of Maize (Corn) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.9 | 10.0 | 13.3 | 15.1 | 36.8% |
| France | 1.7 | 2.2 | 2.9 | 3.3 | 24.7% |
| Netherlands | 2.9 | 1.6 | 1.0 | 3.0 | 1.1% |
| Portugal | 1.9 | 4.3 | 2.9 | 1.4 | -9.7% |
| Mexico | 0.2 | 0.2 | 0.9 | 1.1 | 76.5% |
| Romania | 0.4 | 0.7 | 0.5 | 0.9 | 31.0% |
| Colombia | 0.4 | 0.7 | 0.4 | 0.6 | 14.5% |
| Belgium | N/A | 4.9 | 1.3 | 0.3 | -75.3% |
| Hungary | N/A | 3.2 | N/A | N/A | 0% |
| United States | 1.6 | 1.7 | 0.2 | N/A | -64.6% |
| Others | 0.6 | 0.8 | 0.9 | 0.8 | 10.1% |
| Total | 15.6 | 30.1 | 24.0 | 26.4 | 19.2% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Spain in 2022:
- United States (undefinedK tons)
- Italy (16.0K tons)
- France (6.4K tons)
- Portugal (2.4K tons)
- Netherlands (1.9K tons)
- Romania (1.4K tons)
- Mexico (0.9K tons)
- Belgium (0.7K tons)
- Colombia (0.6K tons)
Exports of Cereal Flour; of Maize (Corn) in Spain
In 2022, shipments abroad of cereal flour; of maize (corn) decreased by -4.2% to 10K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. As a result, the exports reached the peak of 14K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereal flour; of maize (corn) exports skyrocketed to $7.4M in 2022. The total export value increased at an average annual rate of +12.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 35%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Cereal Flour; of Maize (Corn) in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,819 | 1,752 | 1,849 | 2,074 | 4.5% |
| South Korea | 172 | 569 | 425 | 1,045 | 82.5% |
| Portugal | 1,206 | 2,907 | 1,886 | 1,012 | -5.7% |
| Italy | 207 | 389 | 156 | 873 | 61.6% |
| United Kingdom | 29.7 | 60.1 | 521 | 414 | 140.7% |
| Gambia | 157 | 163 | 175 | 358 | 31.6% |
| Senegal | 26.5 | 49.8 | 130 | 225 | 104.0% |
| United States | 445 | 189 | 116 | 176 | -26.6% |
| Others | 1,050 | 822 | 858 | 1,180 | 4.0% |
| Total | 5,111 | 6,900 | 6,118 | 7,357 | 12.9% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Spain in 2022:
- France (4.3K tons)
- South Korea (1.8K tons)
- Portugal (1.6K tons)
- Gambia (0.6K tons)
- Senegal (0.5K tons)
- Italy (0.3K tons)
- United Kingdom (0.3K tons)
- United States (0.1K 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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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.
