Price for Cereals; Maize (Corn), Other than Seed in Argentina - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Argentina (FOB) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Argentina (CIF) - 2022
- Exports of Cereals; Maize (Corn), Other than Seed in Argentina
- Imports of Cereals; Maize (Corn), Other than Seed in Argentina
Price for Cereals; Maize (Corn), Other than Seed in Argentina (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $261 per ton, surging by 15% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The export price peaked at $281 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($271 per ton) and Saudi Arabia ($265 per ton), while the average price for exports to Taiwan (Chinese) ($253 per ton) and Japan ($254 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Argentina (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $696 per ton in 2022, waning by -9.8% against the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 940% against the previous year. As a result, import price attained the peak level of $1,877 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 ($26,690 per ton), while the price for Bolivia stood at $213 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Other than Seed in Argentina
After three years of growth, overseas shipments of cereals; maize (corn), other than seeds decreased by -4.1% to 35M tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 1.8%.
In value terms, exports of cereals; maize (corn), other than seeds expanded notably to $9.2B in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,222 | 1,223 | 1,518 | 1,361 | 3.7% |
| South Korea | 561 | 429 | 1,131 | 1,299 | 32.3% |
| Peru | 449 | 499 | 654 | 829 | 22.7% |
| Malaysia | 375 | 418 | 687 | 737 | 25.3% |
| Algeria | 611 | 516 | 544 | 704 | 4.8% |
| Saudi Arabia | 342 | 359 | 404 | 626 | 22.3% |
| Egypt | 437 | 634 | 694 | 624 | 12.6% |
| Chile | 330 | 392 | 453 | 417 | 8.1% |
| Taiwan (Chinese) | 97.9 | 102 | 182 | 346 | 52.3% |
| Colombia | 190 | 94.9 | 253 | 260 | 11.0% |
| Morocco | 249 | 250 | 258 | 242 | -0.9% |
| Japan | 38.5 | 1.2 | 228 | 233 | 82.2% |
| Indonesia | 135 | 103 | 143 | 224 | 18.4% |
| Others | 869 | 975 | 1,192 | 1,320 | 15.0% |
| Total | 5,909 | 5,996 | 8,341 | 9,222 | 16.0% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Argentina in 2022:
- Vietnam (5.2M tons)
- South Korea (5.0M tons)
- Peru (3.2M tons)
- Algeria (2.8M tons)
- Malaysia (2.8M tons)
- Saudi Arabia (2.4M tons)
- Egypt (2.4M tons)
- Chile (1.6M tons)
- Taiwan (Chinese) (1.4M tons)
- Colombia (1.0M tons)
- Morocco (0.9M tons)
- Japan (0.9M tons)
- Indonesia (0.8M tons)
Imports of Cereals; Maize (Corn), Other than Seed in Argentina
In 2022, after three years of growth, there was significant decline in overseas purchases of cereals; maize (corn), other than seeds, when their volume decreased by -16.5% to 707 tons. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 69%.
In value terms, imports of cereals; maize (corn), other than seeds dropped markedly to $491K in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 266% against the previous year.
| Import of Cereals; Maize (Corn), Other than Seed in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 46.5 | 303 | 351 | 344 | 94.9% |
| Bolivia | 44.4 | 103 | 103 | 148 | 49.4% |
| United Arab Emirates | 37.2 | 28.9 | 199 | N/A | 131.3% |
| Others | N/A | 33.9 | 0.3 | N/A | -99.1% |
| Total | 128 | 469 | 653 | 491 | 56.5% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Argentina in 2022:
- Bolivia (693.6 tons)
- United States (12.9 tons)
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
