Price for Cereal Groats and Meal; of Maize (Corn) in Belarus - 2022

Price for Cereal Groats and Meal; of Maize (Corn) in Belarus (CIF) - 2022

The average import price for cereal groats and meal; of maize (corn)s stood at $309 per ton in March 2022, falling by -16.7% against the previous month. Overall, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in February 2022 an increase of 4.6% month-to-month. Over the period under review, average import prices reached the maximum at $382 per ton in December 2021; however, from January 2022 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($1,067 per ton), while the price for Russia totaled $287 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Maize (Corn) in Belarus (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $587 per ton, remaining constant against the previous year. Over the period under review, the export price showed a noticeable expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 178% against the previous year. As a result, the export price attained the peak level of $1,053 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mali amounted to +60.1% per year.

Imports of Cereal Groats and Meal; of Maize (Corn) in Belarus

After two years of decline, purchases abroad of cereal groats and meal; of maize (corn)s increased by 2.8% to 4.4K tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern.

In value terms, imports of cereal groats and meal; of maize (corn)s rose to $1.6M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Cereal Groats and Meal; of Maize (Corn) in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	1,197	1,131	1,420	1,392	5.2%
Russia	27.0	43.2	68.4	75.7	41.0%
Others	71.1	90.3	65.4	127	21.3%
Total	1,296	1,264	1,554	1,594	7.1%

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Belarus in 2022:

Ukraine (4.1K tons)
Russia (0.1K tons)

Exports of Cereal Groats and Meal; of Maize (Corn) in Belarus

Exports of cereal groats and meal; of maize (corn)s from Belarus totaled 47 tons in 2022, stabilizing at the previous year. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 680% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of maize (corn)s reached $28K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,145%. The exports peaked in 2022 and are likely to see steady growth in years to come.