Price for Cereals; Maize (Corn), Other than Seed in Cameroon - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Cameroon (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Cameroon (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Cameroon
- Exports of Cereals; Maize (Corn), Other than Seed in Cameroon
Price for Cereals; Maize (Corn), Other than Seed in Cameroon (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $196 per ton in 2022, reducing by -13.2% against the previous year. Over the period under review, the import price showed a noticeable decrease. The growth pace was the most rapid in 2013 when the average import price increased by 39%. As a result, import price reached the peak level of $405 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
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 Antigua and Barbuda ($871 per ton), while the price for Paraguay ($107 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Antigua and Barbuda (+2.9%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Cameroon (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $289 per ton, declining by -23.9% against the previous year. In general, the export price showed a slight downturn. The growth pace was the most rapid in 2021 when the average export price increased by 56%. Over the period under review, the average export prices reached the peak figure at $717 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
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 the UK ($953 per ton), while the average price for exports to Canada ($56 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 the UK (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Other than Seed in Cameroon
Imports of cereals; maize (corn), other than seeds into Cameroon rose markedly to 25K tons in 2022, with an increase of 14% against the previous year. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, imports attained the peak of 28K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cereals; maize (corn), other than seeds declined to $5M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 89% against the previous year.
Import of Cereals; Maize (Corn), Other than Seed in Cameroon (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Antigua and Barbuda | 1.1 | 2.0 | 1.7 | 2.4 | 29.7% |
Argentina | 1.0 | 2.1 | 2.4 | 1.1 | 3.2% |
Paraguay | N/A | N/A | N/A | 0.8 | 0% |
Ukraine | 0.5 | 0.7 | 0.5 | 0.6 | 6.3% |
France | N/A | N/A | 0.4 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.6 | 4.9 | 5.0 | 5.0 | 24.4% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Cameroon in 2022:
- Argentina (9.4K tons)
- Paraguay (7.9K tons)
- Ukraine (5.1K tons)
- Antigua and Barbuda (2.7K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Cameroon
In 2022, shipments abroad of cereals; maize (corn), other than seeds was finally on the rise to reach 11 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a sharp shrinkage.
In value terms, exports of cereals; maize (corn), other than seeds soared to $3.3K in 2022. In general, exports, however, showed a dramatic decrease.
Export of Cereals; Maize (Corn), Other than Seed in Cameroon (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | 13.0 | 0.9 | 1.0 | 2.6 | -41.5% |
United Kingdom | N/A | N/A | N/A | 0.4 | 0% |
Gabon | 1.3 | 2.8 | N/A | 0.1 | -57.5% |
Congo | 1.0 | 0.6 | N/A | N/A | -40.0% |
Kuwait | N/A | 0.3 | N/A | N/A | 0% |
Canada | N/A | 0.4 | N/A | N/A | 0% |
Others | 0.1 | 0.5 | N/A | N/A | 400.0% |
Total | 15.4 | 5.5 | 1.0 | 3.3 | -40.2% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Cameroon in 2022:
- Nigeria (9.7 tons)
- Congo (0.7 tons)
- United Kingdom (0.5 tons)
- Gabon (0.3 tons)
- Canada (0.1 tons)
This report provides an in-depth analysis of the maize market in Cameroon.
This report provides an in-depth analysis of the grain market in Cameroon.
This report provides an in-depth analysis of the global maize market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the maize market in Cameroon.
This report provides an in-depth analysis of the global maize market.
Discover the key import markets for maize globally, including China, Mexico, Japan, and more. Learn about the demand drivers and trends shaping the maize trade.
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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