Price for Cereals; Maize (Corn), Seed in Argentina - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Argentina (FOB) - 2022
- Price for Cereals; Maize (Corn), Seed in Argentina (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in Argentina
- Imports of Cereals; Maize (Corn), Seed in Argentina
Price for Cereals; Maize (Corn), Seed in Argentina (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $4,485 per ton in 2022, falling by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 an increase of 31%. The export price peaked at $4,795 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($9,222 per ton), while the average price for exports to the United Arab Emirates ($663 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 (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Argentina (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $4,840 per ton, shrinking by -7.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 31% against the previous year. As a result, import price reached the peak level of $6,576 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,822 per ton), while the price for Chile ($2,807 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-2.6%), while the prices for the other major suppliers experienced a decline.
Exports of Cereals; Maize (Corn), Seed in Argentina
In 2022, the amount of cereals; maize (corn), seeds exported from Argentina skyrocketed to 10K tons, picking up by 19% compared with the previous year's figure. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, the exports reached the peak of 13K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; maize (corn), seed exports skyrocketed to $45M in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports attained the peak of $51M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Maize (Corn), Seed in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 19.8 | 21.1 | 21.0 | 22.7 | 4.7% |
| United States | 11.3 | 24.5 | 14.8 | 18.1 | 17.0% |
| United Arab Emirates | 1.5 | 3.8 | 1.9 | 2.6 | 20.1% |
| Paraguay | 4.8 | N/A | N/A | N/A | 0% |
| Others | 2.6 | 1.6 | 1.1 | 1.5 | -16.8% |
| Total | 40.0 | 51.1 | 38.8 | 44.9 | 3.9% |
Top Export Markets for Cereals; Maize (Corn), Seed from Argentina in 2022:
- United Arab Emirates (3.9K tons)
- United States (3.5K tons)
- Uruguay (2.5K tons)
Imports of Cereals; Maize (Corn), Seed in Argentina
Cereals; maize (corn), seed imports into Argentina was estimated at 5.4K tons in 2022, rising by 14% against 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; maize (corn), seed imports amounted to $26M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Cereals; Maize (Corn), Seed in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.5 | 12.0 | 18.5 | 19.1 | 18.4% |
| Brazil | 4.1 | 1.2 | 3.9 | 4.0 | -0.8% |
| Chile | 3.6 | 2.6 | 1.8 | 2.7 | -9.1% |
| Others | 0.1 | 0.2 | 0.3 | 0.1 | 0.0% |
| Total | 19.3 | 15.9 | 24.5 | 25.9 | 10.3% |
Top Suppliers of Cereals; Maize (Corn), Seed to Argentina in 2022:
- United States (3.3K tons)
- Brazil (1.1K tons)
- Chile (1.0K tons)
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