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

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

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $2,357 per ton, jumping by 241% against the previous year. In general, the import price posted strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,570 per ton), while the price for Brazil ($974 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $1,207 per ton, surging by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2014 an increase of 55%. The export price peaked at $5,109 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,692 per ton), while the average price for exports to Vietnam amounted to $1,059 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.8%).

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

In 2022, purchases abroad of cereal groats and meal; of maize (corn)s decreased by -70.7% to 124 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 172%.

In value terms, imports of cereal groats and meal; of maize (corn)s shrank slightly to $293K in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 122%.

Import of Cereal Groats and Meal; of Maize (Corn) in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	25.7	15.7	23.8	196	96.8%
China	25.1	35.5	54.5	35.5	12.2%
Brazil	19.4	19.7	32.1	31.2	17.2%
United States	9.1	38.6	27.6	27.4	44.4%
Spain	N/A	67.0	156	N/A	132.8%
Others	N/A	N/A	N/A	2.6	0%
Total	79.4	176	294	293	54.5%

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

Italy (57.7 tons)
Brazil (32.0 tons)
China (27.0 tons)
United States (6.0 tons)

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

In 2022, approx. 11 tons of cereal groats and meal; of maize (corn)s were exported from Japan; which is down by -50% against the year before. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 29%.

In value terms, exports of cereal groats and meal; of maize (corn)s shrank significantly to $13K in 2022. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year.