Price for Cereal Groats and Meal; of Maize (Corn) in Colombia - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Colombia (FOB) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Colombia (CIF) - 2022
- Exports of Cereal Groats and Meal; of Maize (Corn) in Colombia
- Imports of Cereal Groats and Meal; of Maize (Corn) in Colombia
Price for Cereal Groats and Meal; of Maize (Corn) in Colombia (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $626 per ton in 2022, shrinking by -15.7% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12% against the previous year. The export price peaked at $1,239 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +2.5% per year.
Price for Cereal Groats and Meal; of Maize (Corn) in Colombia (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $2,370 per ton in 2022, picking up by 352% against the previous year. Overall, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,475 per ton), while the price for France amounted to $2,226 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+56.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereal Groats and Meal; of Maize (Corn) in Colombia
In 2022, exports of cereal groats and meal; of maize (corn)s from Colombia reduced to 1.7K tons, shrinking by -13.7% against the previous year's figure. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 6.2% against the previous year.
In value terms, exports of cereal groats and meal; of maize (corn)s dropped dramatically to $1.1M in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $1.5M, and then contracted dramatically in the following year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 803 | 722 | 830 | 1,073 | 10.1% |
| Trinidad and Tobago | 566 | 411 | 465 | N/A | -9.4% |
| Others | 56.7 | 108 | 180 | N/A | 78.2% |
| Total | 1,426 | 1,240 | 1,475 | 1,073 | -9.0% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Colombia in 2022:
- Ecuador (1.7K tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in Colombia
In 2022, overseas purchases of cereal groats and meal; of maize (corn)s decreased by -94.8% to 2 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a precipitous contraction. The pace of growth was the most pronounced in 2020 when imports increased by 227% against the previous year. As a result, imports attained the peak of 334 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereal groats and meal; of maize (corn)s dropped rapidly to $4.8K in 2022. Overall, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2020 with an increase of 111% against the previous year. As a result, imports attained the peak of $107K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Cereal Groats and Meal; of Maize (Corn) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 2.9 | 0% |
| France | 2.5 | 4.2 | 6.4 | 1.9 | -8.7% |
| Ecuador | 30.1 | N/A | N/A | N/A | 0% |
| South Africa | 15.8 | 99.0 | 7.8 | N/A | -29.7% |
| Others | 2.5 | 4.2 | 6.4 | N/A | 60.0% |
| Total | 51.0 | 107 | 20.6 | 4.8 | -54.5% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Colombia in 2022:
- Italy (1.2 tons)
- France (0.9 tons)
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