Price for Cereal Groats and Meal; of Maize (Corn) in Chile - 2023

Price for Cereal Groats and Meal; of Maize (Corn) in Chile (CIF) - 2023

In December 2023, the average import price for cereal groats and meal; of maize (corn)s amounted to $556 per ton, with an increase of 4.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 33% against the previous month. As a result, import price reached the peak level of $655 per ton. From April 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Argentina ($549 per ton), while the price for Colombia amounted to $500 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Colombia (+6.3%).

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

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $3,571 per ton, rising by 564% against the previous year. Overall, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +16.9% per year.

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

After three years of growth, supplies from abroad of cereal groats and meal; of maize (corn)s decreased by -51.9% to 1.3K tons in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of 2.8K tons, and then fell rapidly in the following year.

In value terms, imports of cereal groats and meal; of maize (corn)s contracted dramatically to $741K in 2022. Over the period under review, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $1.3M, and then declined notably in the following year.

Import of Cereal Groats and Meal; of Maize (Corn) in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	832	966	1,241	700	-5.6%
United States	7.1	9.9	15.1	27.4	56.9%
Others	18.7	37.8	44.9	13.1	-11.2%
Total	858	1,013	1,302	741	-4.8%

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

Argentina (1303.6 tons)
United States (27.5 tons)

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

In 2022, exports of cereal groats and meal; of maize (corn)s from Chile reduced dramatically to 7 kg, declining by 99.9% against the year before. In general, exports recorded a dramatic downturn. The smallest decline of -9% was in 2020.

In value terms, exports of cereal groats and meal; of maize (corn)s shrank notably to $25 in 2022. Over the period under review, exports continue to indicate a precipitous descent. The smallest decline of -11.1% was in 2021.