Price for Cereal Groats and Meal; of Maize (Corn) in Israel - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Israel (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Israel (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Israel
- Exports of Cereal Groats and Meal; of Maize (Corn) in Israel
Price for Cereal Groats and Meal; of Maize (Corn) in Israel (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $561 per ton, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2021 an increase of 23%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($561 per ton) and Turkey ($561 per ton), while the price for Italy ($561 per ton) and France ($561 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Israel (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $503 per ton, with an increase of 8% against the previous year. In general, the export price, however, showed a slight decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 10%. Over the period under review, the average export prices attained the peak figure at $568 per ton in 2012; however, from 2013 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 Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +6.2% per year.
Imports of Cereal Groats and Meal; of Maize (Corn) in Israel
In 2022, the amount of cereal groats and meal; of maize (corn)s imported into Israel rose notably to 25K tons, surging by 6.7% against 2021 figures. Overall, imports enjoyed slight growth. The growth pace was the most rapid in 2020 with an increase of 70%. As a result, imports attained the peak of 41K 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 surged to $14M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 72% against the previous year. As a result, imports attained the peak of $16M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cereal Groats and Meal; of Maize (Corn) in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.8 | 5.8 | 6.5 | 9.1 | 23.8% |
| Turkey | 1.4 | 1.3 | 1.3 | 2.5 | 21.3% |
| Netherlands | 1.6 | 1.3 | 1.5 | 2.0 | 7.7% |
| France | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Switzerland | N/A | 7.2 | N/A | N/A | 0% |
| Ukraine | 1.3 | 0.4 | 1.9 | N/A | 20.9% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 9.4 | 16.1 | 11.3 | 14.0 | 14.2% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Israel in 2022:
- Italy (16.2K tons)
- Turkey (4.4K tons)
- Netherlands (3.6K tons)
- France (0.5K tons)
- Ukraine (0.1K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Israel
For the third consecutive year, Israel recorded decline in shipments abroad of cereal groats and meal; of maize (corn)s, which decreased by -10.1% to 67 tons in 2022. In general, exports saw a dramatic shrinkage.
In value terms, exports of cereal groats and meal; of maize (corn)s reduced to $34K in 2022. Overall, exports showed a sharp descent.
| Export of Cereal Groats and Meal; of Maize (Corn) in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | 16.1 | 2.6 | 33.5 | 44.2% |
| Palestine | 140 | 71.4 | 31.8 | N/A | -52.3% |
| Others | 0.1 | N/A | 0.3 | 0.1 | 0.0% |
| Total | 140 | 87.5 | 34.6 | 33.6 | -37.9% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Israel in 2022:
- Canada (66.6 tons)
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