Price for Cereals; Maize (Corn), Other than Seed in Italy - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Italy (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Italy (FOB) - 2023
- Imports of Cereals; Maize (Corn), Other than Seed in Italy
- Exports of Cereals; Maize (Corn), Other than Seed in Italy
Price for Cereals; Maize (Corn), Other than Seed in Italy (CIF) - 2023
The average import price for cereals; maize (corn), other than seeds stood at $282 per ton in August 2023, dropping by -2.7% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 7.5% against the previous month. Over the period under review, average import prices attained the peak figure at $339 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from South Africa ($374 per ton) and Brazil ($317 per ton), while the price for Moldova ($261 per ton) and Ukraine ($272 per ton) were amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Africa (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Italy (FOB) - 2023
The average export price for cereals; maize (corn), other than seeds stood at $841 per ton in August 2023, flattening at the previous month. Over the period under review, the export price, however, showed resilient growth. The growth pace was the most rapid in March 2023 an increase of 135% m-o-m. Over the period under review, the average export prices hit record highs at $982 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From October 2022 to August 2023, the rate of growth in terms of prices for Belgium amounted to +9.1% per month.
Imports of Cereals; Maize (Corn), Other than Seed in Italy
After two years of decline, supplies from abroad of cereals; maize (corn), other than seeds increased by 35% to 7M tons in 2022. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; maize (corn), other than seeds surged to $2.2B in 2022. Over the period under review, imports enjoyed a significant expansion. 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 288 | 156 | 210 | 394 | 11.0% |
| Hungary | 236 | 311 | 348 | 349 | 13.9% |
| Croatia | 98.5 | 132 | 151 | 286 | 42.7% |
| Brazil | 61.5 | 62.1 | 34.6 | 279 | 65.5% |
| Slovenia | 122 | 143 | 154 | 205 | 18.9% |
| Romania | 122 | 79.2 | 89.1 | 184 | 14.7% |
| Austria | 90.4 | 86.0 | 113 | 133 | 13.7% |
| France | 30.1 | 35.0 | 53.6 | 115 | 56.3% |
| Others | 120 | 113 | 168 | 272 | 31.4% |
| Total | 1,167 | 1,117 | 1,322 | 2,217 | 23.9% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Italy in 2022:
- Ukraine (1230.9K tons)
- Hungary (1229.1K tons)
- Brazil (860.4K tons)
- Croatia (857.6K tons)
- Slovenia (645.2K tons)
- Romania (567.9K tons)
- Austria (426.8K tons)
- France (392.6K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Italy
Exports of cereals; maize (corn), other than seeds from Italy expanded notably to 29K tons in 2022, surging by 12% against 2021 figures. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cereals; maize (corn), other than seeds expanded to $13M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.1 | 2.5 | 4.7 | 6.0 | 41.9% |
| Spain | 0.7 | 0.5 | 0.4 | 1.5 | 28.9% |
| Switzerland | 1.2 | 1.2 | 1.4 | 1.4 | 5.3% |
| France | 1.7 | 0.6 | 0.6 | 1.1 | -13.5% |
| Austria | 3.6 | 1.5 | 0.9 | 0.9 | -37.0% |
| Israel | N/A | N/A | N/A | 0.6 | 0% |
| Denmark | N/A | N/A | 1.3 | 0.6 | -53.8% |
| Others | 0.7 | 3.2 | 3.5 | 1.1 | 16.3% |
| Total | 10.0 | 9.5 | 12.7 | 13.2 | 9.7% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Italy in 2022:
- Belgium (15.3K tons)
- France (3.3K tons)
- Spain (3.1K tons)
- Switzerland (2.9K tons)
- Austria (1.6K tons)
- Denmark (1.0K tons)
- Israel (0.8K tons)
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This report provides an in-depth analysis of the maize market in Italy.
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This report provides an in-depth analysis of the grain market in Italy.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in Italy.
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This report provides an in-depth analysis of the global maize market.
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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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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>
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Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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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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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.
