Price for Cereals; Maize (Corn), Seed in Costa Rica - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Costa Rica (CIF) - 2022
- Imports of Cereals; Maize (Corn), Seed in Costa Rica
Price for Cereals; Maize (Corn), Seed in Costa Rica (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $7,134 per ton in 2022, rising by 38% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; maize (corn), seed import price increased by +87.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($7,480 per ton), while the price for the United States ($1,153 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Costa Rica
In 2022, approx. 116 tons of cereals; maize (corn), seeds were imported into Costa Rica; growing by 131% on 2021 figures. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed imports surged to $830K in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 79.9 | 93.0 | 166 | 532 | 88.1% |
| Guatemala | 32.7 | 78.9 | 54.6 | 135 | 60.4% |
| Panama | 9.7 | 16.8 | 14.2 | 45.8 | 67.8% |
| Brazil | 4.5 | 15.6 | 0.3 | 3.5 | -8.0% |
| United States | 1.7 | 2.4 | 1.7 | 0.8 | -22.2% |
| Others | 14.5 | 27.0 | 22.4 | 113 | 98.3% |
| Total | 143 | 234 | 259 | 830 | 79.7% |
Top Suppliers of Cereals; Maize (Corn), Seed to Costa Rica in 2022:
- Mexico (79.5 tons)
- Guatemala (27.9 tons)
- Panama (6.1 tons)
- United States (0.7 tons)
- Brazil (0.5 tons)
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This report provides an in-depth analysis of the maize market in Costa Rica.
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This report provides an in-depth analysis of the grain market in Costa Rica.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in Costa Rica.
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This report provides an in-depth analysis of the global maize market.
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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.
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The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
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The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
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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.
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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.
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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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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>
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Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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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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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
