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

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

The average import price for cereal groats and meal; of maize (corn)s stood at $707 per ton in 2022, picking up by 21% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of maize (corn)s increased by +119.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 54% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,257 per ton), while the price for Lithuania ($504 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cereal groats and meal; of maize (corn)s stood at $479 per ton in 2022, waning by -50.3% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 101% against the previous year. Over the period under review, the average export prices hit record highs at $963 per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($920 per ton), while the average price for exports to Lithuania amounted to $477 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (-0.1%).

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

Imports of cereal groats and meal; of maize (corn)s into Estonia fell sharply to 54 tons in 2022, dropping by -42.9% on 2021. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 5.6%.

In value terms, imports of cereal groats and meal; of maize (corn)s reduced markedly to $38K in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $55K, and then dropped dramatically in the following year.

Import of Cereal Groats and Meal; of Maize (Corn) in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	4.3	12.7	9.8	12.9	44.2%
Lithuania	21.6	17.1	16.8	12.6	-16.4%
Poland	20.1	15.0	20.9	6.1	-32.8%
Others	0.3	1.0	7.6	6.4	177.3%
Total	46.3	45.8	55.1	38.0	-6.4%

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

Lithuania (25.1 tons)
Latvia (17.2 tons)
Poland (10.3 tons)

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

In 2022, overseas shipments of cereal groats and meal; of maize (corn)s were finally on the rise to reach 21 tons after two years of decline. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of maize (corn)s surged to $10K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.