Price for Cereals; Maize (Corn), Seed in Spain - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Spain (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Spain (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Spain
- Exports of Cereals; Maize (Corn), Seed in Spain
Price for Cereals; Maize (Corn), Seed in Spain (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $1,217 per ton, with a decrease of -19.3% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 decreased by -40.8% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 86% against the previous year. Over the period under review, average import prices attained the peak figure at $2,055 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 the United States ($14,934 per ton), while the price for the Netherlands ($237 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Spain (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $3,393 per ton, with an increase of 3.9% against the previous year. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 an increase of 65%. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($4,338 per ton), while the average price for exports to Portugal ($2,393 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 Portugal (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Spain
Cereals; maize (corn), seed imports into Spain surged to 118K tons in 2022, increasing by 80% compared with the year before. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 96%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cereals; maize (corn), seed imports soared to $144M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 71.6 | 90.4 | 80.0 | 90.3 | 8.0% |
| Romania | 1.7 | 0.6 | 1.9 | 27.7 | 153.5% |
| Italy | 4.4 | 5.3 | 5.1 | 11.3 | 36.9% |
| Hungary | 2.0 | 1.9 | 2.3 | 9.3 | 66.9% |
| Portugal | 1.6 | 2.0 | 1.4 | 2.3 | 12.9% |
| Netherlands | N/A | 0.3 | 0.2 | 0.6 | 41.4% |
| Others | 7.4 | 5.5 | 8.0 | 2.5 | -30.4% |
| Total | 88.6 | 106 | 99.1 | 144 | 17.6% |
Top Suppliers of Cereals; Maize (Corn), Seed to Spain in 2022:
- France (95.3K tons)
- Romania (12.4K tons)
- Italy (3.7K tons)
- Hungary (2.5K tons)
- Netherlands (2.4K tons)
- Portugal (1.2K tons)
Exports of Cereals; Maize (Corn), Seed in Spain
In 2022, after two years of decline, there was significant growth in shipments abroad of cereals; maize (corn), seeds, when their volume increased by 29% to 16K tons. Overall, exports, however, saw a sharp slump.
In value terms, cereals; maize (corn), seed exports surged to $54M in 2022. In general, exports recorded a relatively flat trend pattern. 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 21.2 | 17.5 | 18.5 | 27.2 | 8.7% |
| Portugal | 8.4 | 12.8 | 7.8 | 14.3 | 19.4% |
| Morocco | 1.1 | 2.4 | 1.8 | 3.6 | 48.5% |
| Russia | 1.0 | 0.7 | 1.5 | 2.6 | 37.5% |
| Italy | 2.0 | 2.9 | 3.8 | 1.5 | -9.1% |
| Poland | 1.6 | 0.8 | 1.1 | 1.0 | -14.5% |
| United Kingdom | 9.0 | 0.5 | 0.6 | 0.7 | -57.3% |
| Germany | 1.9 | 1.6 | 0.9 | 0.5 | -35.9% |
| Belgium | 2.4 | 0.2 | 0.1 | N/A | -79.6% |
| Others | 3.8 | 7.7 | 4.1 | 2.1 | -17.9% |
| Total | 52.3 | 47.2 | 40.1 | 53.6 | 0.8% |
Top Export Markets for Cereals; Maize (Corn), Seed from Spain in 2022:
- Belgium (undefinedK tons)
- France (6.3K tons)
- Portugal (6.0K tons)
- Morocco (1.0K tons)
- Russia (0.7K tons)
- Italy (0.4K tons)
- Poland (0.4K tons)
- Germany (0.2K tons)
- United Kingdom (0.1K tons)
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