Price for Cereal Groats and Meal; of Maize (Corn) in Ecuador - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Ecuador (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Ecuador (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Ecuador
- Exports of Cereal Groats and Meal; of Maize (Corn) in Ecuador
Price for Cereal Groats and Meal; of Maize (Corn) in Ecuador (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $749 per ton in 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($902 per ton), while the price for Colombia ($701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Maize (Corn) in Ecuador (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $659 per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2019 an increase of 21% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.8% per year.
Imports of Cereal Groats and Meal; of Maize (Corn) in Ecuador
In 2022, approx. 2.4K tons of cereal groats and meal; of maize (corn)s were imported into Ecuador; remaining relatively unchanged against 2021. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 3.2% against the previous year.
In value terms, imports of cereal groats and meal; of maize (corn)s amounted to $1.8M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Cereal Groats and Meal; of Maize (Corn) in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 803 | 722 | 830 | 1,233 | 15.4% |
| Peru | 881 | 488 | 701 | 511 | -16.6% |
| United States | 128 | 69.2 | 89.3 | 86.6 | -12.2% |
| Brazil | 18.8 | 50.3 | 19.6 | N/A | 2.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,831 | 1,330 | 1,640 | 1,831 | 0.0% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Ecuador in 2022:
- Colombia (1758.0 tons)
- Peru (567.0 tons)
- United States (120.0 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Ecuador
In 2022, approx. 4.6 tons of cereal groats and meal; of maize (corn)s were exported from Ecuador; declining by -92.3% compared with the previous year's figure. Overall, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 6.1% against the previous year.
In value terms, exports of cereal groats and meal; of maize (corn)s dropped remarkably to $3K in 2022. In general, exports showed a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 11%.
| Export of Cereal Groats and Meal; of Maize (Corn) in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 35.1 | 39.0 | 3.0 | -12.6% |
| Colombia | 27.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 31.5 | 35.1 | 39.0 | 3.0 | -54.3% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Ecuador in 2022:
- United States (4.6 tons)
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