Price for Cereals; Maize (Corn), Seed in Bangladesh - 2022

Contents:

  1. Price for Cereals; Maize (Corn), Seed in Bangladesh (CIF) - 2022
  2. 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)
COUNTRY2019202020212022CAGR,
2019-2022
India14.713.813.916.94.8%
Thailand0.81.10.41.07.7%
Pakistan0.10.20.10.226.0%
MyanmarN/A2.62.7N/A3.8%
Others0.30.33.41.258.7%
Total15.818.020.519.36.9%

Top Suppliers of Cereals; Maize (Corn), Seed to Bangladesh in 2022:

  1. India (15.1K tons)
  2. Pakistan (1.2K tons)
  3. Thailand (0.6K tons)

Source: IndexBox Market Intelligence Platform

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