Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Luxembourg - 2023

Contents:

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

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

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $2,449 per ton, surging by 11% against the previous year. In general, the import price enjoyed a resilient increase. The growth pace was the most rapid in 2016 an increase of 109%. Over the period under review, average import prices reached the peak figure at $3,123 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($8,932 per ton), while the price for Belgium ($1,000 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 (+67.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $5,109 per ton, dropping by -7.3% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 85% against the previous year. The export price peaked at $5,509 per ton in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +28.4% per year.

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

In 2022, approx. 9.9 tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were imported into Luxembourg; surging by 7.7% on the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 increased by +64.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $24K in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Portugal (5.9 tons)
2. Germany (3.8 tons)
3. Belgium (0.1 tons)

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

In 2022, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Luxembourg surged to 174 kg, with an increase of 55% on 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 189%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $889 in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 355% against the previous year. Over the period under review, the exports of reached the peak figure 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 Luxembourg in 2022:

1. Germany (174.0 kg)

Source: IndexBox Market Intelligence Platform