Price for Cereals; Maize (Corn), Other than Seed in Belgium - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Belgium (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Belgium (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Belgium
- Exports of Cereals; Maize (Corn), Other than Seed in Belgium
Price for Cereals; Maize (Corn), Other than Seed in Belgium (CIF) - 2023
In August 2023, the average import price for cereals; maize (corn), other than seeds amounted to $293 per ton, growing by 2.9% against the previous month. Over the period under review, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in April 2023 an increase of 14% against the previous month. The import price peaked at $352 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Russia ($369 per ton), while the price for Ukraine totaled $283 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Other than Seed in Belgium (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $339 per ton in 2022, picking up by 11% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereals; maize (corn), other than seeds increased by +73.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($539 per ton), while the average price for exports to France ($307 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 Germany (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in Belgium
In 2022, imports of cereals; maize (corn), other than seeds into Belgium stood at 1.9M tons, remaining constant against the previous year's figure. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 9.8% against the previous year. As a result, imports reached the peak of 1.9M tons; afterwards, it flattened through to 2022.
In value terms, imports of cereals; maize (corn), other than seeds soared to $605M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 141 | 180 | 203 | 293 | 27.6% |
| Ukraine | 96.6 | 82.1 | 183 | 119 | 7.2% |
| Netherlands | 85.9 | 96.2 | 89.6 | 83.8 | -0.8% |
| Poland | N/A | N/A | 2.1 | 38.8 | 1747.6% |
| Romania | 0.1 | 0.6 | 0.3 | 28.2 | 555.8% |
| Germany | 15.3 | 7.9 | 11.7 | 23.7 | 15.7% |
| Others | 14.4 | 33.9 | 18.8 | 18.0 | 7.7% |
| Total | 353 | 401 | 509 | 605 | 19.7% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Belgium in 2022:
- France (937.2K tons)
- Ukraine (389.3K tons)
- Netherlands (237.8K tons)
- Poland (109.6K tons)
- Romania (91.4K tons)
- Germany (60.3K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Belgium
In 2022, the amount of cereals; maize (corn), other than seeds exported from Belgium shrank rapidly to 126K tons, declining by -36.7% compared with the year before. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports reached the peak of 199K tons, and then reduced markedly in the following year.
In value terms, exports of cereals; maize (corn), other than seeds reduced dramatically to $43M in 2022. In general, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 80%. As a result, the exports attained the peak of $61M, and then reduced markedly in the following year.
| Export of Cereals; Maize (Corn), Other than Seed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 28.9 | 27.7 | 54.2 | 37.7 | 9.3% |
| France | 3.3 | 1.9 | 4.3 | 2.4 | -10.1% |
| Germany | 0.4 | 3.0 | 1.4 | 1.3 | 48.1% |
| Others | 1.1 | 1.1 | 1.0 | 1.2 | 2.9% |
| Total | 33.6 | 33.7 | 60.8 | 42.6 | 8.2% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Belgium in 2022:
- Netherlands (113.0K tons)
- France (7.8K tons)
- Germany (2.5K tons)
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