Price for Cereal Groats and Meal; of Maize (Corn) in Mexico - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Mexico (CIF) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in Mexico (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Mexico
- Exports of Cereal Groats and Meal; of Maize (Corn) in Mexico
Price for Cereal Groats and Meal; of Maize (Corn) in Mexico (CIF) - 2023
In November 2023, the average import price for cereal groats and meal; of maize (corn)s amounted to $553 per ton, standing approximately at the previous month. In general, the import price showed a mild reduction. As a result, import price attained the peak level of $645 per ton. From March 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From February 2023 to November 2023, the rate of growth in terms of prices for the United States amounted to -1.7% per month.
Price for Cereal Groats and Meal; of Maize (Corn) in Mexico (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $643 per ton in 2022, growing by 38% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The export price peaked at $1,258 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($793 per ton), while the average price for exports to Canada ($145 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 Guatemala (-6.3%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Groats and Meal; of Maize (Corn) in Mexico
In 2022, the amount of cereal groats and meal; of maize (corn)s imported into Mexico surged to 24K tons, with an increase of 26% compared with 2021 figures. In general, imports, however, saw a precipitous contraction.
In value terms, imports of cereal groats and meal; of maize (corn)s soared to $14M in 2022. Overall, imports, however, faced a deep setback.
| Import of Cereal Groats and Meal; of Maize (Corn) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.9 | 22.0 | 9.7 | 13.7 | -11.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 19.9 | 22.0 | 9.7 | 13.7 | -11.7% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Mexico in 2022:
- United States (23.9K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Mexico
In 2022, approx. 11K tons of cereal groats and meal; of maize (corn)s were exported from Mexico; increasing by 12% compared with 2021. The total export volume increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereal groats and meal; of maize (corn)s soared to $6.9M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.4 | 3.6 | 3.1 | 5.2 | 15.2% |
| Guatemala | 1.0 | 1.5 | 0.9 | 1.0 | 0.0% |
| Canada | 0.2 | 0.3 | 0.2 | 0.4 | 26.0% |
| Germany | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 5.0 | 5.7 | 4.5 | 6.9 | 11.3% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Mexico in 2022:
- United States (6.5K tons)
- Canada (2.6K tons)
- Guatemala (1.3K tons)
- Germany (0.1K tons)
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