Price for Cereal Groats and Meal; of Maize (Corn) in Jordan - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Jordan (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Jordan (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Jordan
- Exports of Cereal Groats and Meal; of Maize (Corn) in Jordan
Price for Cereal Groats and Meal; of Maize (Corn) in Jordan (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 9.4% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +68.2% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 30%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($561 per ton) and Saudi Arabia ($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 India (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Jordan (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $471 per ton, increasing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. The export price peaked at $497 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.4% per year.
Imports of Cereal Groats and Meal; of Maize (Corn) in Jordan
After two years of decline, overseas purchases of cereal groats and meal; of maize (corn)s increased by 65% to 11K tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. 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 skyrocketed to $5.9M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 999 | 1,364 | 1,843 | 3,984 | 58.6% |
| Saudi Arabia | 802 | 458 | 164 | 993 | 7.4% |
| Turkey | 771 | 945 | 269 | 309 | -26.3% |
| Spain | 205 | 237 | 199 | 291 | 12.4% |
| France | 85.5 | 43.0 | 57.8 | 173 | 26.5% |
| Egypt | 75.4 | 88.4 | 131 | 45.9 | -15.2% |
| Others | 819 | 815 | 606 | 103 | -49.9% |
| Total | 3,756 | 3,950 | 3,269 | 5,899 | 16.2% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Jordan in 2022:
- India (7.1K tons)
- Saudi Arabia (1.8K tons)
- Turkey (0.6K tons)
- Spain (0.5K tons)
- France (0.3K tons)
- Egypt (0.1K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Jordan
After three years of growth, overseas shipments of cereal groats and meal; of maize (corn)s decreased by -69.3% to 71 tons in 2022. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 186% against the previous year. As a result, the exports reached the peak of 230 tons, and then shrank significantly in the following year.
In value terms, exports of cereal groats and meal; of maize (corn)s fell notably to $33K in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 252%. As a result, the exports reached the peak of $92K, and then shrank remarkably in the following year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.2 | 10.6 | 41.9 | 33.3 | 75.1% |
| Palestine | N/A | N/A | 11.8 | N/A | 0% |
| Gambia | N/A | 0.9 | 7.7 | N/A | 755.6% |
| Sudan | 4.1 | 2.2 | 13.2 | N/A | 79.4% |
| Saudi Arabia | 0.6 | 5.8 | 14.1 | N/A | 384.8% |
| Turkey | 3.4 | 4.3 | N/A | N/A | 26.5% |
| Others | 2.8 | 2.5 | 3.7 | N/A | 15.0% |
| Total | 17.1 | 26.3 | 92.5 | 33.3 | 24.9% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Jordan in 2022:
- India (70.6 tons)
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