Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia - 2023
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia (FOB) - 2023
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia (CIF) - 2022
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia (FOB) - 2023
In December 2023, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $725 per ton, with a decrease of -2.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average export price increased by 21% month-to-month. As a result, the export price attained the peak level of $914 per ton. From July 2023 to December 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From December 2022 to December 2023, the rate of growth in terms of prices for Papua New Guinea amounted to +27.9% per month.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia (CIF) - 2022
The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $865 per ton in 2022, growing by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2019 an increase of 19% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,654 per ton), while the price for India ($535 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia
Exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Australia soared to 573 tons in 2022, jumping by 34% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a noticeable reduction.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $418K in 2022. Overall, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 106 | N/A | 52.3 | 308 | 42.7% |
| Thailand | 162 | 0.5 | 51.0 | 52.7 | -31.2% |
| South Korea | N/A | 160 | 123 | 23.3 | -61.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 14.5 | 0% |
| Japan | 27.5 | 20.6 | N/A | 14.2 | -19.8% |
| Vietnam | 17.4 | 27.1 | N/A | N/A | 55.7% |
| Others | 1.8 | N/A | 27.0 | 5.4 | 44.2% |
| Total | 314 | 208 | 254 | 418 | 10.0% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Australia in 2022:
- New Zealand (399.8 tons)
- Thailand (80.5 tons)
- South Korea (50.7 tons)
- Taiwan (Chinese) (21.0 tons)
- Japan (19.9 tons)
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia
In 2022, approx. 308 tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were imported into Australia; with a decrease of -33.4% compared with the previous year's figure. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 5.8% against the previous year.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) reduced notably to $266K in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 9.6%.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 139 | 253 | 282 | 141 | 0.5% |
| United States | 105 | 10.8 | 31.6 | 46.3 | -23.9% |
| Netherlands | N/A | 9.4 | N/A | 29.0 | 75.6% |
| Italy | 18.2 | 11.2 | 15.2 | 23.5 | 8.9% |
| China | 12.7 | 10.0 | 7.7 | 20.3 | 16.9% |
| South Africa | N/A | 14.5 | N/A | N/A | 0% |
| Brazil | 131 | 13.2 | N/A | N/A | -89.9% |
| Others | 4.7 | 10.5 | 28.4 | 6.2 | 9.7% |
| Total | 410 | 333 | 365 | 266 | -13.4% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Australia in 2022:
- Argentina (180.0 tons)
- United States (72.2 tons)
- Netherlands (17.6 tons)
- Italy (16.9 tons)
- China (15.6 tons)
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