Price for Cereals; Maize (Corn), Other than Seed in Ethiopia - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Ethiopia (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Ethiopia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Ethiopia
- Exports of Cereals; Maize (Corn), Other than Seed in Ethiopia
Price for Cereals; Maize (Corn), Other than Seed in Ethiopia (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $809 per ton in 2022, jumping by 45% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +88.8% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($929 per ton), while the price for India ($353 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Other than Seed in Ethiopia (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $277 per ton, increasing by 14% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 33%. Over the period under review, the average export prices hit record highs at $369 per ton in 2016; however, from 2017 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 Saudi Arabia ($430 per ton), while the average price for exports to Yemen ($215 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 Kenya (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in Ethiopia
Imports of cereals; maize (corn), other than seeds into Ethiopia skyrocketed to 6.7K tons in 2022, picking up by 47% compared with 2021. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 222%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $5.4M in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 218%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
Import of Cereals; Maize (Corn), Other than Seed in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 253 | 108 | 603 | 4,680 | 164.5% |
United Arab Emirates | 0.1 | 2.5 | 121 | 354 | 1424.1% |
India | 19.9 | 13.5 | 153 | 191 | 112.5% |
South Africa | 1,324 | 597 | 335 | 96.6 | -58.2% |
Antigua and Barbuda | 16.1 | 17.1 | 304 | N/A | 334.5% |
Others | 61.3 | 59.5 | 1,025 | 94.3 | 15.4% |
Total | 1,674 | 798 | 2,540 | 5,415 | 47.9% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Ethiopia in 2022:
- Argentina (5.5K tons)
- India (0.5K tons)
- United Arab Emirates (0.4K tons)
- South Africa (0.1K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Ethiopia
In 2022, overseas shipments of cereals; maize (corn), other than seeds decreased by -11% to 11K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 100%.
In value terms, exports of cereals; maize (corn), other than seeds totaled $3.2M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.5% 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 decreased by -1.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 99.9% against the previous year. As a result, the exports reached the peak of $3.2M; afterwards, it flattened through to 2022.
Export of Cereals; Maize (Corn), Other than Seed in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kenya | 845 | 578 | 2,344 | 2,344 | 40.5% |
Saudi Arabia | 684 | 286 | 711 | 748 | 3.0% |
Yemen | 59.5 | 23.5 | 55.0 | 54.6 | -2.8% |
South Sudan | N/A | 2,305 | 5.8 | N/A | -99.7% |
Others | 10.1 | 4.7 | 14.1 | 17.2 | 19.4% |
Total | 1,599 | 3,198 | 3,130 | 3,164 | 25.5% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Ethiopia in 2022:
- Kenya (9.4K tons)
- Saudi Arabia (1.7K tons)
- Yemen (0.3K tons)
This report provides an in-depth analysis of the maize market in Ethiopia.
This report provides an in-depth analysis of the grain market in Ethiopia.
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 Ethiopia.
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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