Price for Cereal Groats and Meal; of Maize (Corn) in Ethiopia - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Ethiopia (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Ethiopia (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Ethiopia
- Exports of Cereal Groats and Meal; of Maize (Corn) in Ethiopia
Price for Cereal Groats and Meal; of Maize (Corn) in Ethiopia (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $642 per ton, leveling off at the previous year. In general, the import price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 an increase of 50% against the previous year. The import price peaked at $986 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,375 per ton), while the price for Spain ($620 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Maize (Corn) in Ethiopia (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $631 per ton in 2022, with an increase of 2.4% against the previous year. Over the period under review, the export price recorded temperate growth. The most prominent rate of growth was recorded in 2020 an increase of 147% against the previous year. As a result, the export price reached the peak level of $1,313 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
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 +3.2% per year.
Imports of Cereal Groats and Meal; of Maize (Corn) in Ethiopia
In 2022, imports of cereal groats and meal; of maize (corn)s into Ethiopia surged to 3.1K tons, growing by 2,457% compared with 2021. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of maize (corn)s surged to $2M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Maize (Corn) in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.1 | 82.2 | 18.5 | 1,147 | 508.1% |
| South Africa | N/A | N/A | N/A | 345 | 0% |
| Ukraine | N/A | N/A | 47.8 | 317 | 563.2% |
| Italy | 0.1 | 0.8 | 0.6 | 79.6 | 826.8% |
| Spain | N/A | N/A | N/A | 78.1 | 0% |
| United Arab Emirates | 2.8 | 26.6 | 7.9 | N/A | 68.0% |
| Others | 1.7 | 21.9 | 2.9 | 0.2 | -51.0% |
| Total | 9.7 | 132 | 77.6 | 1,967 | 487.5% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Ethiopia in 2022:
- Turkey (1841.7 tons)
- South Africa (506.3 tons)
- Ukraine (504.0 tons)
- Spain (126.0 tons)
- Italy (86.1 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Ethiopia
Exports of cereal groats and meal; of maize (corn)s from Ethiopia soared to 635 kg in 2022, jumping by 61% on 2021. Overall, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 516%.
In value terms, exports of cereal groats and meal; of maize (corn)s surged to $401 in 2022. In general, exports, however, showed a slight decline. The most prominent rate of growth was recorded in 2021 when exports increased by 189% against the previous year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 414 | 30.0 | 243 | 401 | -1.1% |
| Others | N/A | 54.0 | N/A | N/A | 0% |
| Total | 414 | 84.0 | 243 | 401 | -1.1% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Ethiopia in 2022:
- Canada (635.0 kg)
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