Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia - 2022

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia (FOB) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia (CIF) - 2022
3. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia
4. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $574 per ton in February 2022, dropping by -40.5% against the previous month. In general, export price indicated a slight increase from February 2021 to February 2022: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -40.5% against January 2022 indices. The pace of growth appeared the most rapid in June 2021 an increase of 53% month-to-month. Over the period under review, the average export prices hit record highs at $964 per ton in January 2022, and then dropped notably in the following month.

Average prices varied somewhat for the major foreign markets. In February 2022, the country with the highest price was the United States ($694 per ton), while the average price for exports to Ecuador totaled $547 per ton.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia (CIF) - 2022

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $930 per ton, jumping by 35% against the previous year. In general, the import price, however, saw a abrupt shrinkage. Over the period under review, average import prices hit record highs at $1,880 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Romania.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -6.1% per year.

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia

In 2022, approx. 2.2K tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were exported from Colombia; jumping by 77% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 161% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $1.4M in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 152%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Colombia in 2022:

1. Ecuador (1375.0 tons)
2. United States (591.7 tons)
3. Chile (164.3 tons)
4. Spain (81.4 tons)

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Colombia

In 2022, after three years of growth, there was significant decline in overseas purchases of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), when their volume decreased by -56.7% to 17 tons. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of 122%.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) dropped dramatically to $15K in 2022. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 58%.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Colombia in 2022:

1. Romania (16.5 tons)

Source: IndexBox Market Intelligence Platform