Price for Cereals; Maize (Corn), Seed in Croatia - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Croatia (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Croatia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Croatia
- Exports of Cereals; Maize (Corn), Seed in Croatia
Price for Cereals; Maize (Corn), Seed in Croatia (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $3,837 per ton in 2022, growing by 7.6% against the previous year. In general, the import price, however, showed a slight contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $4,840 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
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 France ($4,679 per ton), while the price for Bulgaria ($1,543 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Croatia (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $2,550 per ton, growing by 2% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of 134% against the previous year. The export price peaked at $3,942 per ton in 2018; however, from 2019 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 Bosnia and Herzegovina ($3,588 per ton), while the average price for exports to Italy ($838 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 Kosovo (+106.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Croatia
In 2022, the amount of cereals; maize (corn), seeds imported into Croatia rose sharply to 10K tons, increasing by 12% compared with the previous year's figure. The total import volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, cereals; maize (corn), seed imports surged to $39M in 2022. Overall, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Maize (Corn), Seed in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 2.4 | 3.0 | 3.0 | 10.3 | 62.5% |
| Serbia | 2.0 | 3.0 | 3.6 | 6.5 | 48.1% |
| Hungary | 18.6 | 7.8 | 9.8 | 6.4 | -29.9% |
| Slovenia | 1.0 | 0.7 | 3.4 | 3.7 | 54.7% |
| Austria | 4.0 | 3.1 | 4.9 | 3.3 | -6.2% |
| France | 5.9 | 3.9 | 4.7 | 2.7 | -22.9% |
| Ukraine | N/A | N/A | 0.3 | 2.3 | 666.7% |
| Bulgaria | 0.1 | N/A | 0.4 | 0.8 | 100.0% |
| Italy | 1.2 | 1.6 | 0.7 | 0.2 | -45.0% |
| Others | N/A | 0.7 | 1.3 | 2.5 | 89.0% |
| Total | 35.3 | 23.9 | 32.2 | 38.7 | 3.1% |
Top Suppliers of Cereals; Maize (Corn), Seed to Croatia in 2022:
- Romania (2.3K tons)
- Serbia (1.8K tons)
- Hungary (1.5K tons)
- Ukraine (1.0K tons)
- Slovenia (0.8K tons)
- Austria (0.8K tons)
- France (0.6K tons)
- Bulgaria (0.5K tons)
- Italy (0.1K tons)
Exports of Cereals; Maize (Corn), Seed in Croatia
In 2022, approx. 8.3K tons of cereals; maize (corn), seeds were exported from Croatia; jumping by 95% on the previous year's figure. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 275% against the previous year. As a result, the exports attained the peak of 16K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; maize (corn), seed exports surged to $21M in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.4 | 2.9 | 0.8 | 6.1 | 148.0% |
| Bosnia and Herzegovina | 3.4 | 3.4 | 3.7 | 5.3 | 15.9% |
| Austria | 2.1 | 1.9 | 0.5 | 3.3 | 16.3% |
| Slovenia | 1.0 | 0.9 | 1.1 | 1.6 | 17.0% |
| Serbia | 1.1 | 0.4 | 0.5 | 0.6 | -18.3% |
| Poland | N/A | N/A | 0.5 | 0.5 | 0.0% |
| Hungary | 0.1 | 0.4 | 0.2 | 0.4 | 58.7% |
| Italy | N/A | 0.4 | 0.2 | 0.3 | -13.4% |
| Kosovo | N/A | 0.5 | 0.3 | 0.2 | -36.8% |
| Tunisia | N/A | 2.0 | N/A | N/A | 0% |
| Others | 2.2 | 4.6 | 2.8 | 2.7 | 7.1% |
| Total | 10.4 | 17.4 | 10.6 | 21.2 | 26.8% |
Top Export Markets for Cereals; Maize (Corn), Seed from Croatia in 2022:
- Germany (2255.5 tons)
- Bosnia and Herzegovina (1490.8 tons)
- Austria (1476.2 tons)
- Slovenia (1214.6 tons)
- Italy (398.2 tons)
- Serbia (191.3 tons)
- Poland (179.6 tons)
- Hungary (167.2 tons)
- Kosovo (89.1 tons)
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