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)
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
