Price for Cereals; Maize (Corn), Other than Seed in Jordan - 2022

Contents:

  1. Price for Cereals; Maize (Corn), Other than Seed in Jordan (CIF) - 2022
  2. Price for Cereals; Maize (Corn), Other than Seed in Jordan (FOB) - 2022
  3. Imports of Cereals; Maize (Corn), Other than Seed in Jordan
  4. Exports of Cereals; Maize (Corn), Other than Seed in Jordan

Price for Cereals; Maize (Corn), Other than Seed in Jordan (CIF) - 2022

The average import price for cereals; maize (corn), other than seeds stood at $366 per ton in 2022, surging by 22% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 36%. Over the period under review, average import prices attained the maximum at $367 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($366 per ton) and Ukraine ($366 per ton), while the price for Brazil ($366 per ton) and the United States ($366 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Cereals; Maize (Corn), Other than Seed in Jordan (FOB) - 2022

The average export price for cereals; maize (corn), other than seeds stood at $280 per ton in 2022, with an increase of 15% against the previous year. In general, the export price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 61% against the previous year. Over the period under review, the average export prices attained the peak figure at $379 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($280 per ton), while the average price for exports to Egypt ($280 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (-2.6%), while the prices for the other major destinations experienced a decline.

Imports of Cereals; Maize (Corn), Other than Seed in Jordan

In 2022, imports of cereals; maize (corn), other than seeds into Jordan expanded markedly to 836K tons, with an increase of 6.9% compared with the year before. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor 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 $306M in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Cereals; Maize (Corn), Other than Seed in Jordan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina70.111517520342.5%
Brazil88.237.925.599.44.1%
Others3.19.934.83.54.1%
Total16116323630623.9%

Top Suppliers of Cereals; Maize (Corn), Other than Seed to Jordan in 2022:

  1. Argentina (554.6K tons)
  2. Brazil (271.5K tons)

Exports of Cereals; Maize (Corn), Other than Seed in Jordan

In 2022, overseas shipments of cereals; maize (corn), other than seeds decreased by -1.9% to 73K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 823%. As a result, the exports attained the peak of 75K tons, and then reduced slightly in the following year.

In value terms, exports of cereals; maize (corn), other than seeds rose notably to $21M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 856%. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Cereals; Maize (Corn), Other than Seed in Jordan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
EgyptN/AN/AN/A13.70%
BrazilN/A1.9N/A6.787.8%
Argentina1.2N/A10.6N/A197.2%
RomaniaN/AN/A7.6N/A0%
Others0.4N/AN/A0.1-37.0%
Total1.51.918.220.5139.1%

Top Export Markets for Cereals; Maize (Corn), Other than Seed from Jordan in 2022:

  1. Egypt (48.9K tons)
  2. Brazil (24.0K tons)

Source: IndexBox Market Intelligence Platform

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