Price for Cereals; Maize (Corn), Other than Seed in Indonesia - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Indonesia (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Indonesia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Indonesia
- Exports of Cereals; Maize (Corn), Other than Seed in Indonesia
Price for Cereals; Maize (Corn), Other than Seed in Indonesia (CIF) - 2022
In March 2022, the average import price for cereals; maize (corn), other than seeds amounted to $323 per ton, waning by -4.3% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in April 2021 when the average import price increased by 7.8% against the previous month. The import price peaked at $356 per ton in January 2022; however, from February 2022 to March 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($765 per ton), while the price for Argentina totaled $318 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Indonesia (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $302 per ton, reducing by -47.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 132% against the previous year. As a result, the export price attained the peak level of $573 per ton, and then reduced remarkably in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($304 per ton), while the average price for exports to Vietnam totaled $287 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+1.2%).
Imports of Cereals; Maize (Corn), Other than Seed in Indonesia
In 2022, imports of cereals; maize (corn), other than seeds into Indonesia expanded markedly to 1.1M tons, increasing by 9.9% compared with 2021. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $394M in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 160 | 129 | 186 | 312 | 24.9% |
| Brazil | 47.2 | 34.7 | 47.6 | 36.9 | -7.9% |
| United States | 2.7 | 7.7 | 41.0 | 32.7 | 129.6% |
| Ukraine | N/A | N/A | 9.8 | 11.1 | 13.3% |
| Others | 1.1 | 1.0 | 12.3 | 0.5 | -23.1% |
| Total | 211 | 173 | 297 | 394 | 23.1% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Indonesia in 2022:
- Argentina (881.4K tons)
- Brazil (107.3K tons)
- United States (71.7K tons)
- Ukraine (33.0K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Indonesia
In 2022, approx. 162K tons of cereals; maize (corn), other than seeds were exported from Indonesia; with an increase of 12,935% compared with 2021. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; maize (corn), other than seeds skyrocketed to $49M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | 14.9 | N/A | 37.1 | 57.8% |
| Vietnam | N/A | N/A | N/A | 11.0 | 0% |
| Others | 0.9 | 0.9 | 0.7 | 0.8 | -3.9% |
| Total | 0.9 | 15.8 | 0.7 | 48.8 | 278.5% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Indonesia in 2022:
- Philippines (122.2K tons)
- Vietnam (38.2K 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.
