Price for Cereals; Maize (Corn), Seed in Belgium - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Belgium (CIF) - 2023
- Price for Cereals; Maize (Corn), Seed in Belgium (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Belgium
- Exports of Cereals; Maize (Corn), Seed in Belgium
Price for Cereals; Maize (Corn), Seed in Belgium (CIF) - 2023
In June 2023, the average cereals; maize (corn), seed import price amounted to $5,678 per ton, dropping by -35.1% against the previous month. Over the period under review, the import price, however, recorded prominent growth. The growth pace was the most rapid in December 2022 when the average import price increased by 259% against the previous month. The import price peaked at $8,752 per ton in May 2023, and then fell remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Luxembourg ($10,623 per ton), while the price for the Netherlands ($4,557 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Belgium (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $2,539 per ton, increasing by 51% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $3,451 per ton in 2013; however, from 2014 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 Luxembourg ($3,543 per ton), while the average price for exports to the Netherlands ($2,271 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 Netherlands (+2.2%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Seed in Belgium
In 2022, purchases abroad of cereals; maize (corn), seeds decreased by -23.3% to 29K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 116% against the previous year.
In value terms, cereals; maize (corn), seed imports shrank dramatically to $39M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 19%.
| Import of Cereals; Maize (Corn), Seed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 23.4 | 27.7 | 31.9 | 26.1 | 3.7% |
| Netherlands | 6.3 | 7.5 | 8.2 | 6.6 | 1.6% |
| Germany | 1.3 | 1.5 | 1.9 | 3.3 | 36.4% |
| Hungary | 1.6 | 0.7 | 0.8 | 1.3 | -6.7% |
| Austria | 0.8 | 1.4 | 1.4 | 1.0 | 7.7% |
| Poland | N/A | 0.2 | 2.1 | 0.3 | 22.5% |
| Romania | N/A | 0.6 | 0.9 | N/A | 50.0% |
| Others | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Total | 33.4 | 39.9 | 47.6 | 39.0 | 5.3% |
Top Suppliers of Cereals; Maize (Corn), Seed to Belgium in 2022:
- Romania (undefinedK tons)
- France (22.8K tons)
- Netherlands (2.5K tons)
- Germany (1.4K tons)
- Poland (1.0K tons)
- Hungary (0.7K tons)
- Austria (0.5K tons)
Exports of Cereals; Maize (Corn), Seed in Belgium
In 2022, overseas shipments of cereals; maize (corn), seeds decreased by -41.8% to 3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 62%.
In value terms, cereals; maize (corn), seed exports reduced to $7.6M in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 85% against the previous year.
| Export of Cereals; Maize (Corn), Seed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.1 | 3.5 | 4.4 | 4.8 | 31.7% |
| France | 0.4 | 1.3 | 2.2 | 1.7 | 62.0% |
| Luxembourg | 0.6 | 0.9 | 1.0 | 0.8 | 10.1% |
| Germany | 0.2 | 0.5 | 0.2 | 0.2 | 0.0% |
| Chile | N/A | N/A | 0.9 | N/A | 0% |
| Others | 0.2 | 0.3 | N/A | N/A | 50.0% |
| Total | 3.5 | 6.5 | 8.7 | 7.6 | 29.5% |
Top Export Markets for Cereals; Maize (Corn), Seed from Belgium in 2022:
- Netherlands (2124.8 tons)
- France (578.4 tons)
- Luxembourg (236.7 tons)
- Germany (60.0 tons)
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