Price for Cereal Flour; of Maize (Corn) in Ethiopia - 2022

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Ethiopia (CIF) - 2022
2. Price for Cereal Flour; of Maize (Corn) in Ethiopia (FOB) - 2022
3. Imports of Cereal Flour; of Maize (Corn) in Ethiopia
4. Exports of Cereal Flour; of Maize (Corn) in Ethiopia

Price for Cereal Flour; of Maize (Corn) in Ethiopia (CIF) - 2022

The average import price for cereal flour; of maize (corn) stood at $1,496 per ton in 2022, rising by 25% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour; of maize (corn) import price increased by +47.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 50%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($2,101 per ton), while the price for the United Arab Emirates stood at $1,464 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flour; of Maize (Corn) in Ethiopia (FOB) - 2022

In 2022, the average export price for cereal flour; of maize (corn) amounted to $3,668 per ton, rising by 389% against the previous year. Overall, the export price recorded a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($4,056 per ton), while the average price for exports to the United States amounted to $3,569 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Flour; of Maize (Corn) in Ethiopia

Cereal flour; of maize (corn) imports into Ethiopia skyrocketed to 490 tons in 2022, jumping by 221% against the year before. In general, imports, however, saw a abrupt shrinkage.

In value terms, cereal flour; of maize (corn) imports soared to $733K in 2022. Overall, imports, however, recorded a pronounced descent.

Top Suppliers of Cereal Flour; of Maize (Corn) to Ethiopia in 2022:

1. United Arab Emirates (450.7 tons)
2. France (32.0 tons)
3. Turkey (2.6 tons)

Exports of Cereal Flour; of Maize (Corn) in Ethiopia

In 2022, exports of cereal flour; of maize (corn) from Ethiopia soared to 1.7 tons, picking up by 78% on the previous year. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 115% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cereal flour; of maize (corn) exports surged to $6.3K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Flour; of Maize (Corn) from Ethiopia in 2022:

1. United States (1575.0 kg)
2. Canada (124.0 kg)

Source: IndexBox Market Intelligence Platform