Price for Cereal Groats and Meal; of Maize (Corn) in Nigeria - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Nigeria (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Nigeria (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Nigeria
- Exports of Cereal Groats and Meal; of Maize (Corn) in Nigeria
Price for Cereal Groats and Meal; of Maize (Corn) in Nigeria (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $720 per ton in 2022, which is down by -12.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. As a result, import price attained the peak level of $823 per ton, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,410 per ton), while the price for the United States ($564 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Nigeria (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $489 per ton, shrinking by -21.8% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices attained the maximum at $1,620 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,221 per ton), while the average price for exports to the UK stood at $139 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Maize (Corn) in Nigeria
In 2022, overseas purchases of cereal groats and meal; of maize (corn)s decreased by -46.6% to 5.3K tons, falling for the second consecutive year after two years of growth. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 105%. As a result, imports attained the peak of 19K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cereal groats and meal; of maize (corn)s dropped rapidly to $3.8M in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cereal Groats and Meal; of Maize (Corn) in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.7 | 4.7 | 1.2 | 1.6 | -2.0% |
| India | 1.5 | 1.1 | 6.0 | 1.4 | -2.3% |
| Ukraine | N/A | N/A | N/A | 0.2 | 0% |
| South Africa | N/A | 0.6 | N/A | 0.1 | -59.2% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| United Kingdom | 0.5 | 0.1 | 0.3 | 0.1 | -41.5% |
| China | 2.0 | 4.8 | N/A | N/A | 140.0% |
| Others | 0.4 | 0.7 | 0.6 | 0.2 | -20.6% |
| Total | 5.9 | 11.8 | 8.1 | 3.8 | -13.6% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Nigeria in 2022:
- Turkey (2432.4 tons)
- India (2014.4 tons)
- Ukraine (420.9 tons)
- United Arab Emirates (132.5 tons)
- South Africa (92.6 tons)
- United Kingdom (92.6 tons)
- China (35.0 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Nigeria
In 2022, exports of cereal groats and meal; of maize (corn)s from Nigeria reduced remarkably to 21 tons, waning by -93.3% against the previous year's figure. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 172% against the previous year. As a result, the exports attained the peak of 308 tons, and then fell remarkably in the following year.
In value terms, exports of cereal groats and meal; of maize (corn)s shrank sharply to $10K in 2022. Over the period under review, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.1% against the previous year. As a result, the exports attained the peak of $193K, and then fell remarkably in the following year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 1.1 | 8.2 | 645.5% |
| United Kingdom | 0.7 | 0.6 | 0.1 | 1.9 | 39.5% |
| Benin | N/A | 1.1 | 23.5 | N/A | 2036.4% |
| France | 15.6 | 5.6 | 6.2 | N/A | -37.0% |
| United States | 96.1 | 131 | 90.9 | N/A | -2.7% |
| Canada | 36.3 | 27.8 | 60.6 | N/A | 29.2% |
| Others | 21.2 | 11.9 | 10.6 | N/A | -29.3% |
| Total | 170 | 178 | 193 | 10.1 | -61.0% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Nigeria in 2022:
- United Kingdom (14.0 tons)
- Netherlands (6.7 tons)
442
This report provides an in-depth analysis of the non-wheat groats market in Nigeria.
367
This report provides an in-depth analysis of the non-wheat cereal pellets market in Nigeria.
370
This report provides an in-depth analysis of the market for wheat and spelt groats in Nigeria.
373
This report provides an in-depth analysis of the durum wheat meals market in Nigeria.
421
This report provides an in-depth analysis of the wheat pellets market in Nigeria.
999
This report provides an in-depth analysis of the global non-wheat groats market.
902
This report provides an in-depth analysis of the global non-wheat cereal pellets market.
474
Global Wheat And Spelt Groats Market Report 2018. This report provides an in-depth analysis of the global market for wheat and spelt groats.
481
Global Durum Wheat Meals Market Report 2018. This report provides an in-depth analysis of the global durum wheat meals market.
534
Global Wheat Pellets Market Report 2018. This report provides an in-depth analysis of the global wheat pellets market.
Nothing found. Please try again.
