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

Contents:

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

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

The average import price for cereal flour; of maize (corn) stood at $813 per ton in 2022, with an increase of 9.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 49%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($813 per ton) and Turkey ($813 per ton), while the price for Italy ($813 per ton) and Belgium ($813 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cereal flour; of maize (corn) amounted to $618 per ton, with an increase of 6.2% against the previous year. In general, the export price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2020 an increase of 94%. The export price peaked at $1,527 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From 2012 to 2022, the rate of growth in terms of prices for Iraq amounted to +26.3% per year.

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

In 2022, supplies from abroad of cereal flour; of maize (corn) was finally on the rise to reach 3.5K tons after two years of decline. Over the period under review, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal flour; of maize (corn) imports surged to $2.9M in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (2467.4 tons)
2. Turkey (781.8 tons)
3. Italy (120.0 tons)
4. Belgium (98.5 tons)
5. India (71.3 tons)

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

In 2022, overseas shipments of cereal flour; of maize (corn) were finally on the rise to reach 505 tons after two years of decline. Overall, exports, however, continue to indicate a significant curtailment.

In value terms, cereal flour; of maize (corn) exports soared to $312K in 2022. In general, exports, however, showed a perceptible setback.

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

1. Iraq (504.8 tons)

Source: IndexBox Market Intelligence Platform