Price for Cereals; Maize (Corn), Other than Seed in Switzerland - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Switzerland (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Switzerland (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Switzerland
- Exports of Cereals; Maize (Corn), Other than Seed in Switzerland
Price for Cereals; Maize (Corn), Other than Seed in Switzerland (CIF) - 2023
In September 2023, the average import price for cereals; maize (corn), other than seeds amounted to $290 per ton, falling by -9.4% against the previous month. In general, the import price saw a noticeable setback. The pace of growth appeared the most rapid in January 2023 an increase of less than 0.1% month-to-month. As a result, import price reached the peak level of $382 per ton. From February 2023 to September 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were France ($290 per ton) and Germany ($286 per ton), while the price for Hungary ($273 per ton) and Ukraine ($278 per ton) were amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (-2.5%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Switzerland (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $833 per ton, growing by 53% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices hit record highs at $1,195 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($1,698 per ton), while the average price for exports to France ($480 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 Italy (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in Switzerland
Imports of cereals; maize (corn), other than seeds into Switzerland soared to 250K tons in 2022, increasing by 60% against the previous year's figure. Overall, imports enjoyed a significant expansion. 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 soared to $93M in 2022. Over the period under review, imports recorded significant growth. 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 Switzerland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 20.0 | 16.7 | 28.9 | 66.3 | 49.1% |
Germany | 3.8 | 4.7 | 8.1 | 13.4 | 52.2% |
Romania | 4.5 | 8.3 | 5.7 | 5.8 | 8.8% |
Ukraine | 1.2 | 0.3 | N/A | 3.4 | 41.5% |
Italy | 1.4 | 1.3 | 1.4 | 1.4 | 0.0% |
Hungary | 1.6 | 0.4 | 5.2 | 0.4 | -37.0% |
Others | 1.1 | 1.1 | 1.9 | 2.3 | 27.9% |
Total | 33.5 | 32.8 | 51.2 | 93.1 | 40.6% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Switzerland in 2022:
- France (181.7K tons)
- Germany (35.6K tons)
- Romania (15.7K tons)
- Ukraine (9.2K tons)
- Italy (3.1K tons)
- Hungary (0.6K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Switzerland
For the third year in a row, Switzerland recorded decline in shipments abroad of cereals; maize (corn), other than seeds, which decreased by -3.4% to 36 tons in 2022. Overall, exports saw a dramatic decline.
In value terms, exports of cereals; maize (corn), other than seeds surged to $30K in 2022. In general, exports continue to indicate a significant decrease.
Export of Cereals; Maize (Corn), Other than Seed in Switzerland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 0.5 | 0.8 | 1.1 | 17.0 | 224.0% |
Austria | 7.3 | N/A | N/A | 10.5 | 12.9% |
France | 632 | 20.0 | 19.1 | 2.5 | -84.2% |
Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
Total | 639 | 20.7 | 20.4 | 30.0 | -63.9% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Switzerland in 2022:
- Germany (24.7 tons)
- Austria (6.2 tons)
- France (5.2 tons)
This report provides an in-depth analysis of the maize market in Switzerland.
This report provides an in-depth analysis of the grain market in Switzerland.
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 Switzerland.
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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