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

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

The average import price for cereal groats and meal; of maize (corn)s stood at $565 per ton in 2022, declining by -10.4% against the previous year. Over the period under review, the import price, however, showed a notable expansion. The pace of growth was the most pronounced in 2021 an increase of 72% against the previous year. Over the period under review, average import prices reached the peak figure at $751 per ton in 2014; however, from 2015 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 Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +6.8% per year.

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

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $4,873 per ton, jumping by 26% against the previous year. Overall, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 an increase of 75% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($4,901 per ton), while the average price for exports to Spain stood at $3,063 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+18.1%).

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

Imports of cereal groats and meal; of maize (corn)s into Bolivia dropped remarkably to 46 kg in 2022, falling by -93.9% against 2021 figures. Overall, imports saw a dramatic downturn. The smallest decline of -40.3% was in 2021.

In value terms, imports of cereal groats and meal; of maize (corn)s dropped markedly to $26 in 2022. In general, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 2.6%.

Import of Cereal Groats and Meal; of Maize (Corn) in Bolivia (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	43.0	17.0	18.0	26.0	-15.4%
Mexico	1,082	105	128	N/A	-65.6%
Argentina	4,405	339	327	N/A	-72.8%
Others	N/A	N/A	N/A	N/A	0%
Total	5,530	461	473	26.0	-83.2%

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

Brazil (46.0 kg)

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

For the third year in a row, Bolivia recorded decline in overseas shipments of cereal groats and meal; of maize (corn)s, which decreased by -16% to 1.1 tons in 2022. Over the period under review, exports recorded a deep slump. The smallest decline of -16% was in 2020.

In value terms, exports of cereal groats and meal; of maize (corn)s rose significantly to $5.1K in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 5.5%. The exports peaked in 2022 and are expected to retain growth in the near future.