Price for Cereals; Maize (Corn), Seed in Luxembourg - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Luxembourg (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Luxembourg (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Luxembourg
- Exports of Cereals; Maize (Corn), Seed in Luxembourg
Price for Cereals; Maize (Corn), Seed in Luxembourg (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $6,340 per ton, rising by 7.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 41%. Over the period under review, average import prices hit record highs at $8,888 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($7,613 per ton) and Poland ($6,858 per ton), while the price for Germany ($5,201 per ton) and Belgium ($6,155 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Luxembourg (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $6,030 per ton in 2022, surging by 6.3% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The growth pace was the most rapid in 2017 an increase of 37%. Over the period under review, the average export prices hit record highs at $8,677 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($43,264 per ton), while the average price for exports to Germany ($5,345 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 the Netherlands (+22.2%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Seed in Luxembourg
After three years of growth, supplies from abroad of cereals; maize (corn), seeds decreased by -7.5% to 1.3K tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 increased by +57.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 43% against the previous year.
In value terms, cereals; maize (corn), seed imports fell slightly to $8M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, imports reached the peak of $8.1M, leveling off in the following year.
| Import of Cereals; Maize (Corn), Seed in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.5 | 2.0 | 1.8 | 2.2 | 13.6% |
| France | 1.3 | 1.7 | 2.7 | 1.9 | 13.5% |
| Netherlands | 1.7 | 1.6 | 1.5 | 1.5 | -4.1% |
| Germany | 0.4 | 0.3 | 1.3 | 1.4 | 51.8% |
| Poland | N/A | 0.1 | 0.7 | 1.0 | 216.2% |
| Others | 0.4 | N/A | 0.1 | 0.1 | -37.0% |
| Total | 5.3 | 5.8 | 8.1 | 8.0 | 14.7% |
Top Suppliers of Cereals; Maize (Corn), Seed to Luxembourg in 2022:
- Belgium (361.9 tons)
- France (278.1 tons)
- Germany (274.5 tons)
- Netherlands (196.7 tons)
- Poland (138.6 tons)
Exports of Cereals; Maize (Corn), Seed in Luxembourg
After three years of growth, overseas shipments of cereals; maize (corn), seeds decreased by -5.5% to 408 tons in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.9% 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 +39.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 47%. As a result, the exports reached the peak of 432 tons, and then fell in the following year.
In value terms, cereals; maize (corn), seed exports reached $2.5M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +49.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Cereals; Maize (Corn), Seed in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,385 | 1,111 | 1,483 | 1,710 | 7.3% |
| Belgium | 432 | 396 | 589 | 314 | -10.1% |
| Netherlands | 4.1 | N/A | 327 | 287 | 312.1% |
| France | 24.6 | 146 | 35.2 | 152 | 83.5% |
| Others | N/A | N/A | 17.3 | N/A | 0% |
| Total | 1,845 | 1,653 | 2,452 | 2,463 | 10.1% |
Top Export Markets for Cereals; Maize (Corn), Seed from Luxembourg in 2022:
- Germany (319.9 tons)
- Belgium (58.5 tons)
- France (23.4 tons)
- Netherlands (6.6 tons)
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