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

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

The average import price for cereal groats and meal; of maize (corn)s stood at $572 per ton in 2022, declining by -10.8% against the previous year. Overall, the import price showed a perceptible slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 62%. The import price peaked at $848 per ton in 2016; however, from 2017 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 Italy ($976 per ton), while the price for Bulgaria ($373 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cereal groats and meal; of maize (corn)s stood at $597 per ton in 2022, rising by 38% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of maize (corn)s increased by +51.4% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($1,672 per ton), while the average price for exports to North Macedonia ($578 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Greece recorded growth in purchases abroad of cereal groats and meal; of maize (corn)s, which increased by 9.1% to 7.4K tons in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cereal groats and meal; of maize (corn)s fell to $4.2M in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports attained the peak of $4.4M, and then shrank in the following year.

Import of Cereal Groats and Meal; of Maize (Corn) in Greece (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bulgaria	0.2	0.2	0.9	1.8	108.0%
France	1.2	1.3	2.4	1.3	2.7%
Italy	0.7	0.8	1.0	1.2	19.7%
Others	N/A	0.1	N/A	N/A	0%
Total	2.1	2.5	4.4	4.2	26.0%

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

Bulgaria (4.8K tons)
France (1.4K tons)
Italy (1.2K tons)

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

In 2022, shipments abroad of cereal groats and meal; of maize (corn)s decreased by -41.1% to 935 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cereal groats and meal; of maize (corn)s contracted sharply to $558K in 2022. In general, exports showed a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. As a result, the exports reached the peak of $728K. From 2021 to 2022, the growth of the exports of remained at a lower figure.