Price for Cereals; Maize (Corn), Seed in Bangladesh - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Bangladesh (CIF) - 2022
- Imports of Cereals; Maize (Corn), Seed in Bangladesh
Price for Cereals; Maize (Corn), Seed in Bangladesh (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $1,102 per ton, reducing by -9% against the previous year. In general, the import price showed a deep setback. The growth pace was the most rapid in 2016 when the average import price increased by 42% against the previous year. The import price peaked at $2,491 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($1,802 per ton), while the price for Pakistan ($137 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-1.7%), while the prices for the other major suppliers experienced a decline.
Imports of Cereals; Maize (Corn), Seed in Bangladesh
Cereals; maize (corn), seed imports into Bangladesh stood at 17K tons in 2022, with an increase of 3.2% against the year before. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 107%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, cereals; maize (corn), seed imports dropped to $19M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 14%.
Import of Cereals; Maize (Corn), Seed in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 14.7 | 13.8 | 13.9 | 16.9 | 4.8% |
Thailand | 0.8 | 1.1 | 0.4 | 1.0 | 7.7% |
Pakistan | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
Myanmar | N/A | 2.6 | 2.7 | N/A | 3.8% |
Others | 0.3 | 0.3 | 3.4 | 1.2 | 58.7% |
Total | 15.8 | 18.0 | 20.5 | 19.3 | 6.9% |
Top Suppliers of Cereals; Maize (Corn), Seed to Bangladesh in 2022:
- India (15.1K tons)
- Pakistan (1.2K tons)
- Thailand (0.6K tons)
This report provides an in-depth analysis of the maize market in Bangladesh.
This report provides an in-depth analysis of the grain market in Bangladesh.
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 Bangladesh.
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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