Price for Cereals; Maize (Corn), Other than Seed in Iraq - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Iraq (FOB) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Iraq (CIF) - 2022
- Exports of Cereals; Maize (Corn), Other than Seed in Iraq
- Imports of Cereals; Maize (Corn), Other than Seed in Iraq
Price for Cereals; Maize (Corn), Other than Seed in Iraq (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $345 per ton in 2022, remaining constant against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $345 per ton in 2020; afterwards, it flattened through to 2022.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2020 to 2022, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.
Price for Cereals; Maize (Corn), Other than Seed in Iraq (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $226 per ton in 2022, waning by -11.6% against the previous year. In general, the import price showed a perceptible slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40% against the previous year. The import price peaked at $406 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($309 per ton), while the price for Bulgaria ($114 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Maize (Corn), Other than Seed in Iraq
After two years of growth, shipments abroad of cereals; maize (corn), other than seeds decreased by -25% to 604K tons in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 99.9% against the previous year. As a result, the exports reached the peak of 806K tons, and then contracted sharply in the following year.
In value terms, exports of cereals; maize (corn), other than seeds dropped dramatically to $208M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 99.9%. As a result, the exports attained the peak of $278M, and then fell remarkably in the following year.
Export of Cereals; Maize (Corn), Other than Seed in Iraq (Million USD) | ||||
---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
Turkey | 139 | N/A | 208 | 22.3% |
Iran | N/A | 278 | N/A | 0% |
Others | N/A | N/A | N/A | 0% |
Total | 139 | 278 | 208 | 22.3% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Iraq in 2022:
- Turkey (604.4K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Iraq
In 2022, the amount of cereals; maize (corn), other than seeds imported into Iraq fell to 903K tons, declining by -14.2% on 2021. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of 1.1M tons, and then declined in the following year.
In value terms, imports of cereals; maize (corn), other than seeds fell significantly to $204M in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of $269M, and then shrank rapidly in the following year.
Import of Cereals; Maize (Corn), Other than Seed in Iraq (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 102 | 45.1 | 81.8 | 101 | -0.3% |
Romania | 11.5 | 19.7 | 97.3 | 49.0 | 62.1% |
Brazil | N/A | 6.9 | 29.4 | 23.5 | 84.5% |
Argentina | 34.6 | 38.1 | 43.5 | 15.6 | -23.3% |
Bulgaria | 6.6 | 7.1 | 11.8 | 6.7 | 0.5% |
Pakistan | N/A | N/A | N/A | 3.8 | 0% |
Ukraine | 6.6 | 17.1 | N/A | N/A | 159.1% |
Others | 3.6 | 5.2 | 5.7 | 5.2 | 13.0% |
Total | 165 | 139 | 269 | 204 | 7.3% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Iraq in 2022:
- Turkey (385.3K tons)
- Romania (245.9K tons)
- Brazil (105.4K tons)
- Argentina (76.5K tons)
- Bulgaria (58.7K tons)
- Pakistan (15.9K tons)
This report provides an in-depth analysis of the maize market in Iraq.
This report provides an in-depth analysis of the grain market in Iraq.
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 Iraq.
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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