Price for Cereals; Maize (Corn), Seed in Uzbekistan - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Uzbekistan (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Uzbekistan (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Uzbekistan
- Exports of Cereals; Maize (Corn), Seed in Uzbekistan
Price for Cereals; Maize (Corn), Seed in Uzbekistan (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $3,063 per ton in 2022, dropping by -20.3% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. The import price peaked at $4,729 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Turkey ($3,205 per ton), while the price for China ($1,500 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Seed in Uzbekistan (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $3,833 per ton in 2022, flattening at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 0.2%. As a result, the export price reached the peak level of $3,838 per ton, leveling off in the following year.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2020 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.0% per year.
Imports of Cereals; Maize (Corn), Seed in Uzbekistan
In 2022, approx. 4K tons of cereals; maize (corn), seeds were imported into Uzbekistan; increasing by 85% on the previous year's figure. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 86%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, cereals; maize (corn), seed imports surged to $12M in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Cereals; Maize (Corn), Seed in Uzbekistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 1,053 | 1,727 | 3,232 | 5,623 | 74.8% |
Serbia | 323 | 568 | 673 | 1,238 | 56.5% |
Austria | 141 | 342 | 557 | 1,026 | 93.8% |
France | 156 | 355 | 439 | 808 | 73.0% |
United States | 42.1 | 88.7 | 360 | 663 | 150.7% |
China | 83.0 | 183 | 323 | 595 | 92.8% |
Hungary | 124 | 231 | 278 | 513 | 60.5% |
Ukraine | 46.9 | 107 | 238 | 437 | 110.4% |
Others | 521 | 1,164 | 2,334 | 1,503 | 42.4% |
Total | 2,491 | 4,764 | 8,434 | 12,407 | 70.8% |
Top Suppliers of Cereals; Maize (Corn), Seed to Uzbekistan in 2022:
- Turkey (1754.5 tons)
- China (396.9 tons)
- Serbia (390.8 tons)
- Austria (323.8 tons)
- France (254.9 tons)
- United States (209.1 tons)
- Ukraine (163.7 tons)
- Hungary (161.7 tons)
Exports of Cereals; Maize (Corn), Seed in Uzbekistan
In 2022, the amount of cereals; maize (corn), seeds exported from Uzbekistan soared to 56 tons, rising by 210% against the year before. Over the period under review, exports, however, saw a significant contraction.
In value terms, cereals; maize (corn), seed exports surged to $215K in 2022. In general, exports, however, saw a sharp slump.
Export of Cereals; Maize (Corn), Seed in Uzbekistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Turkey | 360 | N/A | 215 | -22.7% | |
Turkmenistan | N/A | 69.3 | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 360 | 69.3 | 215 | -22.7% |
Top Export Markets for Cereals; Maize (Corn), Seed from Uzbekistan in 2022:
- Turkey (56.1 tons)
This report provides an in-depth analysis of the maize market in Uzbekistan.
This report provides an in-depth analysis of the grain market in Uzbekistan.
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 Uzbekistan.
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.
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