Price for Cereals; Maize (Corn), Other than Seed in China - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in China (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in China (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in China
- Exports of Cereals; Maize (Corn), Other than Seed in China
Price for Cereals; Maize (Corn), Other than Seed in China (CIF) - 2023
In September 2023, the average import price for cereals; maize (corn), other than seeds amounted to $330 per ton, flattening at the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 2.7% month-to-month. As a result, import price reached the peak level of $369 per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Myanmar ($373 per ton) and the United States ($353 per ton), while the price for Ukraine ($299 per ton) and Brazil ($328 per ton) were amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in China (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $337 per ton in 2022, falling by -8.7% against the previous year. In general, the export price showed a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of 60%. The export price peaked at $416 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic People's Republic of Korea ($347 per ton), while the average price for exports to Russia amounted to $106 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+6.0%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Other than Seed in China
In 2022, purchases abroad of cereals; maize (corn), other than seeds decreased by -27.3% to 21M tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 152% against the previous year. As a result, imports attained the peak of 28M tons, and then fell significantly in the following year.
In value terms, imports of cereals; maize (corn), other than seeds shrank to $7.1B in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 224% against the previous year. As a result, imports attained the peak of $8B, and then declined in the following year.
| Import of Cereals; Maize (Corn), Other than Seed in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 1.0 | 5.6 | 5.3 | 275.6% |
| Ukraine | 0.9 | 1.4 | 2.3 | 1.6 | 21.1% |
| Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Total | 1.1 | 2.5 | 8.0 | 7.1 | 86.2% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to China in 2022:
- United States (14.9M tons)
- Ukraine (5.3M tons)
Exports of Cereals; Maize (Corn), Other than Seed in China
In 2022, exports of cereals; maize (corn), other than seeds from China declined rapidly to 3.6K tons, shrinking by -34.8% on 2021. In general, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 230%.
In value terms, exports of cereals; maize (corn), other than seeds shrank rapidly to $1.2M in 2022. Over the period under review, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 429% against the previous year.
| Export of Cereals; Maize (Corn), Other than Seed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic People's Republic of Korea | 6,283 | 351 | 1,138 | 1,193 | -42.5% |
| Russia | 50.7 | 33.0 | 15.2 | 15.3 | -32.9% |
| Zambia | N/A | N/A | 566 | N/A | 0% |
| Lao People's Democratic Republic | 53.5 | N/A | 313 | N/A | 141.9% |
| Canada | 353 | N/A | N/A | N/A | 0% |
| Others | 50.6 | N/A | N/A | N/A | 0% |
| Total | 6,791 | 384 | 2,033 | 1,208 | -43.8% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from China in 2022:
- Democratic People's Republic of Korea (3.4K tons)
- Russia (0.1K tons)
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