Price for Cereals; Maize (Corn), Seed in Brazil - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Brazil (FOB) - 2023
- Price for Cereals; Maize (Corn), Seed in Brazil (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in Brazil
- Imports of Cereals; Maize (Corn), Seed in Brazil
Price for Cereals; Maize (Corn), Seed in Brazil (FOB) - 2023
The average cereals; maize (corn), seed export price stood at $5,299 per ton in August 2023, which is down by -3.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in June 2023 an increase of 26% m-o-m. As a result, the export price reached the peak level of $5,721 per ton. From July 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Paraguay ($6,579 per ton), while the average price for exports to Venezuela ($1,311 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Seed in Brazil (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $8,679 per ton, growing by 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2014 an increase of 52% against the previous year. As a result, import price attained the peak level of $9,407 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,112 per ton), while the price for Chile ($4,126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Seed in Brazil
In 2022, overseas shipments of cereals; maize (corn), seeds decreased by -9.9% to 26K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, the exports reached the peak of 32K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereals; maize (corn), seed exports surged to $110M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 34.5 | 39.2 | 54.1 | 75.6 | 29.9% |
| Colombia | 7.6 | 4.8 | 8.7 | 12.0 | 16.4% |
| Mexico | 1.9 | 6.5 | 6.3 | 5.7 | 44.2% |
| Argentina | 3.9 | 1.0 | 3.4 | 5.3 | 10.8% |
| Venezuela | 2.8 | 2.6 | 5.9 | 4.2 | 14.5% |
| Angola | 0.6 | 1.1 | 1.1 | 2.0 | 49.4% |
| United States | 11.5 | 1.8 | 4.2 | 1.9 | -45.1% |
| Ecuador | 3.1 | 2.0 | 1.9 | 0.5 | -45.6% |
| Philippines | 9.1 | 1.9 | 0.4 | 0.2 | -72.0% |
| United Arab Emirates | 0.3 | 2.4 | 2.7 | N/A | 200.0% |
| Others | 2.2 | 3.6 | 2.6 | 2.1 | -1.5% |
| Total | 77.4 | 66.9 | 91.2 | 110 | 12.4% |
Top Export Markets for Cereals; Maize (Corn), Seed from Brazil in 2022:
- Paraguay (16.6K tons)
- Colombia (3.7K tons)
- Mexico (1.6K tons)
- Argentina (1.4K tons)
- Venezuela (1.1K tons)
- United States (0.7K tons)
- Angola (0.4K tons)
- Ecuador (0.2K tons)
- Philippines (0.1K tons)
Imports of Cereals; Maize (Corn), Seed in Brazil
In 2022, approx. 1.1K tons of cereals; maize (corn), seeds were imported into Brazil; which is down by -19.9% on the year before. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of 1.4K tons, and then reduced notably in the following year.
In value terms, cereals; maize (corn), seed imports declined to $9.6M in 2022. In general, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of $11M, and then fell in the following year.
| Import of Cereals; Maize (Corn), Seed in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.9 | 5.9 | 8.6 | 6.1 | -11.8% |
| Argentina | 1.1 | 2.3 | 2.2 | 3.1 | 41.3% |
| Chile | N/A | N/A | N/A | 0.4 | 0% |
| United Arab Emirates | N/A | N/A | 0.2 | N/A | 0% |
| Bolivia | 0.6 | 0.6 | 0.1 | N/A | -59.2% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 10.7 | 8.8 | 11.2 | 9.6 | -3.6% |
Top Suppliers of Cereals; Maize (Corn), Seed to Brazil in 2022:
- Argentina (511.6 tons)
- United States (502.1 tons)
- Chile (95.0 tons)
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