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)
This report provides an in-depth analysis of the maize market in Brazil.
This report provides an in-depth analysis of the grain market in Brazil.
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 Brazil.
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
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