Price for Cereals; Maize (Corn), Other than Seed in Vietnam - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Vietnam (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Vietnam (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Vietnam
- Exports of Cereals; Maize (Corn), Other than Seed in Vietnam
Price for Cereals; Maize (Corn), Other than Seed in Vietnam (CIF) - 2022
In 2022, the average import price for cereals; maize (corn), other than seeds amounted to $338 per ton, rising by 19% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereals; maize (corn), other than seeds increased by +76.9% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 45% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($351 per ton), while the price for Lao People's Democratic Republic ($109 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Vietnam (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $280 per ton in 2022, growing by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2021 an increase of 29%. Over the period under review, the average export prices attained the peak figure at $365 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($280 per ton), while the average price for exports to Cambodia ($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 the Philippines (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in Vietnam
In 2022, supplies from abroad of cereals; maize (corn), other than seeds decreased by -1.6% to 9.8M tons, falling for the second consecutive year after two years of growth. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 5.7%. As a result, imports reached the peak of 12M tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cereals; maize (corn), other than seeds surged to $3.3B in 2022. The total import value increased at an average annual rate of +13.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Cereals; Maize (Corn), Other than Seed in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1,460 | 1,571 | 1,797 | 1,991 | 10.9% |
| Brazil | 810 | 584 | 397 | 476 | -16.2% |
| India | 0.6 | 1.5 | 326 | 285 | 680.2% |
| South Africa | 0.4 | 19.3 | 64.2 | 219 | 718.1% |
| Myanmar | 0.1 | 3.5 | 22.2 | 153 | 1052.3% |
| Pakistan | 0.1 | 6.8 | 53.0 | 135 | 1005.2% |
| Lao People's Democratic Republic | 0.1 | 0.2 | 0.5 | 28.7 | 559.6% |
| Others | 17.7 | 196 | 173 | 18.7 | 1.8% |
| Total | 2,289 | 2,382 | 2,833 | 3,307 | 13.0% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Vietnam in 2022:
- Argentina (5.7M tons)
- Brazil (1.4M tons)
- India (0.9M tons)
- South Africa (0.6M tons)
- Myanmar (0.5M tons)
- Pakistan (0.4M tons)
- Lao People's Democratic Republic (0.3M tons)
Exports of Cereals; Maize (Corn), Other than Seed in Vietnam
In 2022, shipments abroad of cereals; maize (corn), other than seeds decreased by -48.9% to 160K tons, falling for the second consecutive year after two years of growth. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. As a result, the exports attained the peak of 641K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cereals; maize (corn), other than seeds contracted dramatically to $45M in 2022. Over the period under review, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 142%. As a result, the exports attained the peak of $121M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cereals; Maize (Corn), Other than Seed in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 31.7 | 96.6 | 51.8 | 31.9 | 0.2% |
| Cambodia | 15.2 | 22.3 | 22.6 | 10.9 | -10.5% |
| United States | 1.1 | 1.3 | 0.9 | 0.9 | -6.5% |
| Others | 2.0 | 0.8 | 1.1 | 1.2 | -15.7% |
| Total | 50.0 | 121 | 76.4 | 44.9 | -3.5% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Vietnam in 2022:
- Philippines (113.7K tons)
- Cambodia (39.0K tons)
- United States (3.3K tons)
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This report provides an in-depth analysis of the maize market in Vietnam.
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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.
