Price for Cereals; Maize (Corn), Seed in Iraq - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Iraq (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Iraq (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Iraq
- Exports of Cereals; Maize (Corn), Seed in Iraq
Price for Cereals; Maize (Corn), Seed in Iraq (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $3,372 per ton, with a decrease of -4.9% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2013 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure at $5,838 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($4,954 per ton), while the price for Iran ($1,378 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Iraq (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $3,088 per ton, almost unchanged from the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 export price decreased by -0.0% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. As a result, the export price attained the peak level of $4,423 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +2.0% per year.
Imports of Cereals; Maize (Corn), Seed in Iraq
In 2022, cereals; maize (corn), seed imports into Iraq rose rapidly to 2.3K tons, increasing by 11% compared with the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 77%. As a result, imports attained the peak of 2.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereals; maize (corn), seed imports rose sharply to $7.7M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 75% against the previous year. As a result, imports reached the peak of $8.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Maize (Corn), Seed in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,022 | 3,856 | 3,451 | 3,406 | 49.4% |
| Italy | 540 | 312 | 802 | 841 | 15.9% |
| Serbia | 412 | 656 | 1,060 | 813 | 25.4% |
| Spain | 814 | 942 | 185 | 527 | -13.5% |
| Hungary | 121 | 242 | 204 | 157 | 9.1% |
| India | 136 | 201 | 170 | 131 | -1.2% |
| South Africa | N/A | N/A | N/A | 123 | 0% |
| Iran | 5.8 | 18.1 | 144 | 123 | 176.8% |
| Others | 1,590 | 1,890 | 1,343 | 1,616 | 0.5% |
| Total | 4,640 | 8,116 | 7,360 | 7,738 | 18.6% |
Top Suppliers of Cereals; Maize (Corn), Seed to Iraq in 2022:
- Turkey (1043.6 tons)
- Serbia (308.4 tons)
- Italy (215.9 tons)
- Spain (106.4 tons)
- Iran (89.1 tons)
- Hungary (50.1 tons)
- India (48.3 tons)
- South Africa (32.1 tons)
Exports of Cereals; Maize (Corn), Seed in Iraq
In 2022, shipments abroad of cereals; maize (corn), seeds decreased by -0.2% to 26 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 5.4% against the previous year.
In value terms, cereals; maize (corn), seed exports shrank slightly to $79K in 2022. The total export value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 8.5% against the previous year.
| Export of Cereals; Maize (Corn), Seed in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 72.9 | 79.1 | 79.5 | 79.3 | 2.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 72.9 | 79.1 | 79.5 | 79.3 | 2.8% |
Top Export Markets for Cereals; Maize (Corn), Seed from Iraq in 2022:
- Turkey (25.7 tons)
873
This report provides an in-depth analysis of the maize market in Iraq.
496
This report provides an in-depth analysis of the grain market in Iraq.
8037
This report provides an in-depth analysis of the global maize market.
4236
This report provides an in-depth analysis of the global grain market.
873
This report provides an in-depth analysis of the maize market in Iraq.
8037
This report provides an in-depth analysis of the global maize market.
219
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.
1872
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
2101
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
579
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.
1339
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.
1571
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
1071
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>
5647
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
1537
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.
1246
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.
