Price for Cereals; Maize (Corn), Other than Seed in Jordan - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Jordan (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Jordan (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Jordan
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 70.1 | 115 | 175 | 203 | 42.5% |
Brazil | 88.2 | 37.9 | 25.5 | 99.4 | 4.1% |
Others | 3.1 | 9.9 | 34.8 | 3.5 | 4.1% |
Total | 161 | 163 | 236 | 306 | 23.9% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Jordan in 2022:
- Argentina (554.6K tons)
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | N/A | N/A | N/A | 13.7 | 0% |
Brazil | N/A | 1.9 | N/A | 6.7 | 87.8% |
Argentina | 1.2 | N/A | 10.6 | N/A | 197.2% |
Romania | N/A | N/A | 7.6 | N/A | 0% |
Others | 0.4 | N/A | N/A | 0.1 | -37.0% |
Total | 1.5 | 1.9 | 18.2 | 20.5 | 139.1% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Jordan in 2022:
- Egypt (48.9K tons)
- Brazil (24.0K tons)
This report provides an in-depth analysis of the maize market in Jordan.
This report provides an in-depth analysis of the grain market in Jordan.
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 Jordan.
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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