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)
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