Price for Cereals; Maize (Corn), Other than Seed in Saudi Arabia - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Saudi Arabia (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Saudi Arabia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Saudi Arabia
- Exports of Cereals; Maize (Corn), Other than Seed in Saudi Arabia
Price for Cereals; Maize (Corn), Other than Seed in Saudi Arabia (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $254 per ton in 2022, falling by -18% against the previous year. Overall, the import price showed a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 46%. The import price peaked at $326 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($302 per ton), while the price for Paraguay ($198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Saudi Arabia (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $811 per ton in 2022, waning by -10.5% against the previous year. Overall, the export price, however, continues to indicate a moderate expansion. The growth pace was the most rapid in 2020 when the average export price increased by 94%. The export price peaked at $906 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,429 per ton), while the average price for exports to Tanzania ($124 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+33.0%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Other than Seed in Saudi Arabia
In 2022, approx. 3.4M tons of cereals; maize (corn), other than seeds were imported into Saudi Arabia; rising by 17% against the previous year's figure. In general, imports, however, continue to indicate a pronounced shrinkage.
In value terms, imports of cereals; maize (corn), other than seeds fell to $870M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.7% against the previous year. As a result, imports reached the peak of $907M, and then reduced modestly in the following year.
| Import of Cereals; Maize (Corn), Other than Seed in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 448 | 437 | 499 | 462 | 1.0% |
| United States | 138 | 187 | 228 | 211 | 15.2% |
| Brazil | 150 | 136 | 156 | 144 | -1.4% |
| Paraguay | 49.8 | 26.9 | N/A | 32.6 | -13.2% |
| Others | 12.5 | 46.7 | 24.3 | 19.6 | 16.2% |
| Total | 798 | 834 | 907 | 870 | 2.9% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Saudi Arabia in 2022:
- Argentina (1871.8K tons)
- United States (700.9K tons)
- Brazil (628.0K tons)
- Paraguay (165.0K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Saudi Arabia
In 2022, exports of cereals; maize (corn), other than seeds from Saudi Arabia reduced modestly to 61 tons, approximately reflecting 2021. In general, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 1.8% against the previous year.
In value terms, exports of cereals; maize (corn), other than seeds reduced to $50K in 2022. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 29%.
| Export of Cereals; Maize (Corn), Other than Seed in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 14.0 | 51.3 | 41.9 | 73.0% |
| Tanzania | N/A | N/A | N/A | 4.8 | 0% |
| Jordan | N/A | N/A | 4.3 | 2.3 | -46.5% |
| Somalia | 15.0 | N/A | N/A | N/A | 0% |
| Yemen | N/A | 29.3 | 0.3 | N/A | -99.0% |
| Others | 108 | N/A | N/A | 0.6 | -82.3% |
| Total | 123 | 43.3 | 56.0 | 49.6 | -26.1% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Saudi Arabia in 2022:
- Tanzania (39.0 tons)
- United Arab Emirates (17.2 tons)
- Jordan (4.7 tons)
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