Price for Cereals; Maize (Corn), Other than Seed in Ireland - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Ireland (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Ireland (FOB) - 2023
- Imports of Cereals; Maize (Corn), Other than Seed in Ireland
- Exports of Cereals; Maize (Corn), Other than Seed in Ireland
Price for Cereals; Maize (Corn), Other than Seed in Ireland (CIF) - 2023
The average import price for cereals; maize (corn), other than seeds stood at $276 per ton in August 2023, picking up by 2.3% against the previous month. In general, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in March 2023 an increase of 8.3% against the previous month. The import price peaked at $352 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($456 per ton), while the price for Brazil ($254 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Ireland (FOB) - 2023
In August 2023, the average export price for cereals; maize (corn), other than seeds amounted to $354 per ton, growing by 1.9% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 31% month-to-month. As a result, the export price reached the peak level of $446 per ton. From April 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In August 2023, the country with the highest price was the UK ($354 per ton), while the average price for exports to France stood at $305 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.3%).
Imports of Cereals; Maize (Corn), Other than Seed in Ireland
In 2022, overseas purchases of cereals; maize (corn), other than seeds increased by 28% to 1.6M tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $518M in 2022. Overall, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cereals; Maize (Corn), Other than Seed in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 81.7 | 69.3 | 133 | 183 | 30.8% |
Brazil | 65.6 | 50.7 | 33.2 | 157 | 33.8% |
United Kingdom | 27.8 | 37.3 | 41.9 | 65.6 | 33.1% |
Ukraine | 92.5 | 81.4 | 43.6 | 40.5 | -24.1% |
France | 16.4 | 16.2 | 33.9 | 34.6 | 28.3% |
United States | 0.9 | 0.6 | 1.1 | 28.5 | 216.4% |
Others | 19.1 | 12.8 | 38.2 | 8.5 | -23.7% |
Total | 304 | 268 | 324 | 518 | 19.4% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Ireland in 2022:
- Canada (533.3K tons)
- Brazil (486.2K tons)
- United Kingdom (207.6K tons)
- Ukraine (138.5K tons)
- France (106.3K tons)
- United States (69.1K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Ireland
In 2022, after three years of growth, there was significant decline in shipments abroad of cereals; maize (corn), other than seeds, when their volume decreased by -13.7% to 111K tons. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year. As a result, the exports attained the peak of 129K tons, and then contracted in the following year.
In value terms, exports of cereals; maize (corn), other than seeds amounted to $37M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
Export of Cereals; Maize (Corn), Other than Seed in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 14.3 | 22.9 | 36.5 | 34.5 | 34.1% |
Netherlands | N/A | N/A | 0.4 | N/A | 0% |
Others | N/A | N/A | N/A | 2.7 | 0% |
Total | 14.3 | 22.9 | 36.9 | 37.2 | 37.5% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Ireland in 2022:
- United Kingdom (102.8K tons)
This report provides an in-depth analysis of the maize market in Ireland.
This report provides an in-depth analysis of the grain market in Ireland.
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 Ireland.
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.
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