Price for Cereals; Maize (Corn), Other than Seed in Costa Rica - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Costa Rica (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Costa Rica (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Costa Rica
- Exports of Cereals; Maize (Corn), Other than Seed in Costa Rica
Price for Cereals; Maize (Corn), Other than Seed in Costa Rica (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $351 per ton in 2022, rising by 37% against the previous year. Over the period under review, import price indicated slight growth 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, import price for cereals; maize (corn), other than seeds increased by +79.9% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($426 per ton), while the price for Brazil ($348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Costa Rica (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $395 per ton in 2022, growing by 11% against the previous year. Overall, the export price, however, saw a perceptible slump. The growth pace was the most rapid in 2019 an increase of 63%. Over the period under review, the average export prices attained the maximum at $744 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($1,342 per ton), while the average price for exports to Panama ($239 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 Panama (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Other than Seed in Costa Rica
In 2022, purchases abroad of cereals; maize (corn), other than seeds decreased by -4.4% to 832K tons, falling for the second consecutive year after two years of growth. In general, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 1.4%. As a result, imports reached the peak of 954K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $292M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +52.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cereals; Maize (Corn), Other than Seed in Costa Rica (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 147 | 148 | 175 | 187 | 8.4% |
Brazil | 18.0 | 8.9 | 18.3 | 97.7 | 75.7% |
Mexico | 1.0 | 4.8 | 2.0 | 6.9 | 90.4% |
Paraguay | 25.8 | 30.9 | 26.8 | N/A | 1.9% |
Others | 0.6 | 0.7 | 0.5 | 0.4 | -12.6% |
Total | 192 | 194 | 223 | 292 | 15.0% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Costa Rica in 2022:
- United States (534.5K tons)
- Brazil (281.2K tons)
- Mexico (16.2K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Costa Rica
In 2022, overseas shipments of cereals; maize (corn), other than seeds decreased by -32.7% to 2.3K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. As a result, the exports reached the peak of 5.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; maize (corn), other than seeds contracted notably to $926K in 2022. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 99%. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Cereals; Maize (Corn), Other than Seed in Costa Rica (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nicaragua | 170 | 119 | 166 | 775 | 65.8% |
El Salvador | 187 | 772 | 559 | 69.2 | -28.2% |
Guatemala | 326 | 529 | 384 | 67.7 | -40.8% |
Panama | 94.4 | 127 | 128 | 13.6 | -47.6% |
Others | N/A | 3.7 | N/A | N/A | 0% |
Total | 777 | 1,550 | 1,238 | 926 | 6.0% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Costa Rica in 2022:
- Nicaragua (2000.0 tons)
- El Salvador (236.0 tons)
- Panama (56.9 tons)
- Guatemala (50.5 tons)
This report provides an in-depth analysis of the maize market in Costa Rica.
This report provides an in-depth analysis of the grain market in Costa Rica.
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 Costa Rica.
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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