Price for Cereals; Maize (Corn), Seed in Serbia - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Serbia (FOB) - 2022
- Price for Cereals; Maize (Corn), Seed in Serbia (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in Serbia
- Imports of Cereals; Maize (Corn), Seed in Serbia
Price for Cereals; Maize (Corn), Seed in Serbia (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $2,837 per ton in 2022, rising by 24% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($3,835 per ton), while the average price for exports to North Macedonia ($811 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 France (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Serbia (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $4,584 per ton in 2022, increasing by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum at $5,129 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($6,263 per ton), while the price for Bosnia and Herzegovina ($1,582 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Seed in Serbia
In 2022, the amount of cereals; maize (corn), seeds exported from Serbia was estimated at 24K tons, with an increase of 13% on 2021. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed exports surged to $68M in 2022. In general, total exports 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, exports increased by +54.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Cereals; Maize (Corn), Seed in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | 9.4 | 6.3 | 7.2 | 10.6 | 4.1% |
Russia | 5.5 | 5.2 | 7.1 | 8.7 | 16.5% |
Croatia | 2.1 | 2.9 | 3.7 | 6.3 | 44.2% |
Romania | 4.1 | 3.9 | 5.9 | 6.2 | 14.8% |
Germany | 2.9 | 5.0 | 2.3 | 5.9 | 26.7% |
Italy | 0.1 | 0.7 | 1.2 | 4.7 | 260.9% |
Austria | 1.7 | 3.1 | 5.4 | 4.6 | 39.3% |
Bosnia and Herzegovina | 3.7 | 3.4 | 3.6 | 3.4 | -2.8% |
France | 2.6 | 4.3 | 1.7 | 3.2 | 7.2% |
Iraq | 0.4 | 0.7 | 1.1 | 2.3 | 79.2% |
North Macedonia | 1.1 | 1.1 | 1.7 | 1.7 | 15.6% |
Bulgaria | 2.3 | 0.3 | 1.3 | 1.2 | -19.5% |
Uzbekistan | 0.3 | 0.7 | 0.6 | 1.1 | 54.2% |
Others | 7.9 | 6.4 | 5.5 | 7.6 | -1.3% |
Total | 44.3 | 43.8 | 48.3 | 67.6 | 15.1% |
Top Export Markets for Cereals; Maize (Corn), Seed from Serbia in 2022:
- Hungary (4.3K tons)
- Russia (2.4K tons)
- North Macedonia (2.1K tons)
- Romania (2.0K tons)
- Austria (1.9K tons)
- Croatia (1.9K tons)
- Italy (1.8K tons)
- Germany (1.8K tons)
- Bosnia and Herzegovina (1.0K tons)
- Iraq (0.9K tons)
- France (0.8K tons)
- Uzbekistan (0.5K tons)
- Bulgaria (0.4K tons)
Imports of Cereals; Maize (Corn), Seed in Serbia
In 2022, the amount of cereals; maize (corn), seeds imported into Serbia skyrocketed to 10K tons, picking up by 119% against the year before. In general, imports showed significant growth. 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 $46M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cereals; Maize (Corn), Seed in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 4.0 | 3.3 | 7.7 | 11.7 | 43.0% |
Hungary | 3.0 | 3.0 | 5.2 | 10.8 | 53.3% |
Romania | 5.3 | 5.8 | 2.2 | 10.5 | 25.6% |
Turkey | 0.1 | 0.1 | 0.1 | 5.9 | 289.3% |
Italy | 0.8 | 1.7 | 2.1 | 2.9 | 53.6% |
Austria | 0.4 | 0.9 | 0.8 | 1.1 | 40.1% |
Ukraine | N/A | N/A | 0.1 | 0.7 | 600.0% |
Bosnia and Herzegovina | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
Croatia | 0.6 | 0.3 | 0.4 | 0.1 | -45.0% |
Others | 1.0 | 1.0 | 1.3 | 2.1 | 28.1% |
Total | 15.6 | 16.4 | 20.3 | 46.3 | 43.7% |
Top Suppliers of Cereals; Maize (Corn), Seed to Serbia in 2022:
- Croatia (undefinedK tons)
- Turkey (2.3K tons)
- France (2.2K tons)
- Hungary (1.9K tons)
- Romania (1.7K tons)
- Italy (0.7K tons)
- Ukraine (0.3K tons)
- Bosnia and Herzegovina (0.3K tons)
- Austria (0.2K tons)
This report provides an in-depth analysis of the maize market in Serbia.
This report provides an in-depth analysis of the grain market in Serbia.
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 Serbia.
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
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>
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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.
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.