Price for Cereal Groats and Meal; of Maize (Corn) in Peru - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Peru (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Peru (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Peru
- Exports of Cereal Groats and Meal; of Maize (Corn) in Peru
Price for Cereal Groats and Meal; of Maize (Corn) in Peru (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $1,138 per ton, increasing by 34% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 71%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +5.5% per year.
Price for Cereal Groats and Meal; of Maize (Corn) in Peru (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $2,527 per ton in 2022, jumping by 209% against the previous year. Over the period under review, the export price continues to indicate a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,674 per ton), while the average price for exports to Japan amounted to $2,094 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Maize (Corn) in Peru
In 2022, overseas purchases of cereal groats and meal; of maize (corn)s increased by 1,668% to 51 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded significant growth. As a result, imports reached 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 $59K in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Maize (Corn) in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.8 | 0.3 | 0.1 | 58.6 | 219.3% |
| Argentina | 1.5 | 0.2 | N/A | N/A | -86.7% |
| Brazil | 0.6 | 2.5 | 2.2 | N/A | 91.5% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.9 | 3.1 | 2.5 | 58.6 | 146.8% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Peru in 2022:
- Italy (51.5 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Peru
In 2022, approx. 1.9 tons of cereal groats and meal; of maize (corn)s were exported from Peru; dropping by -99.7% compared with the previous year's figure. Over the period under review, exports faced a dramatic decline. The smallest decline of -8% was in 2021.
In value terms, exports of cereal groats and meal; of maize (corn)s fell dramatically to $4.9K in 2022. Overall, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 1.2 | 3.8 | 216.7% |
| Japan | 1.1 | 1.6 | 1.9 | 1.0 | -3.1% |
| Ecuador | 848 | 476 | 528 | N/A | -21.1% |
| Others | 8.1 | 1.5 | N/A | N/A | -81.5% |
| Total | 857 | 479 | 531 | 4.9 | -82.1% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Peru in 2022:
- United States (1435.0 kg)
- Japan (500.0 kg)
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