Price for Cereals; Maize (Corn), Other than Seed in the UK - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in the UK (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in the UK (FOB) - 2023
- Imports of Cereals; Maize (Corn), Other than Seed in the UK
- Exports of Cereals; Maize (Corn), Other than Seed in the UK
Price for Cereals; Maize (Corn), Other than Seed in the UK (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $340 per ton in 2022, picking up by 27% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($395 per ton) and France ($355 per ton), while the price for Brazil ($289 per ton) and Romania ($310 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in the UK (FOB) - 2023
In August 2023, the average export price for cereals; maize (corn), other than seeds amounted to $292 per ton, stabilizing at the previous month. Over the period under review, the export price recorded a slight descent. The most prominent rate of growth was recorded in June 2023 an increase of 4.1% against the previous month. Over the period under review, the average export prices attained the maximum at $349 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($868 per ton), while the average price for exports to Brazil totaled $292 per ton.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in the UK
For the third year in a row, the UK recorded decline in supplies from abroad of cereals; maize (corn), other than seeds, which decreased by -5.8% to 2.4M tons in 2022. Over the period under review, imports recorded a noticeable curtailment. The smallest decline of -2% was in 2021.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $830M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 22%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 76.4 | 31.7 | 97.6 | 175 | 31.8% |
| Ukraine | 204 | 161 | 164 | 143 | -11.2% |
| France | 61.8 | 96.8 | 102 | 108 | 20.5% |
| Poland | 8.9 | 10.0 | 104 | 98.3 | 122.7% |
| Ireland | 54.8 | 67.6 | 78.4 | 88.8 | 17.5% |
| Brazil | 34.4 | 57.3 | 17.2 | 61.0 | 21.0% |
| Argentina | 48.4 | 62.0 | 65.8 | 49.8 | 1.0% |
| Romania | 15.9 | 28.9 | 2.1 | 42.4 | 38.7% |
| Bulgaria | 34.4 | 18.1 | 5.4 | N/A | -60.4% |
| Others | 46.7 | 34.8 | 58.1 | 63.9 | 11.0% |
| Total | 586 | 568 | 695 | 830 | 12.3% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to the UK in 2022:
- Canada (509.1K tons)
- Ukraine (441.3K tons)
- France (304.2K tons)
- Poland (285.4K tons)
- Ireland (262.8K tons)
- Brazil (211.0K tons)
- Romania (136.8K tons)
- Argentina (126.2K tons)
Exports of Cereals; Maize (Corn), Other than Seed in the UK
In 2022, shipments abroad of cereals; maize (corn), other than seeds was finally on the rise to reach 134K tons after two years of decline. Over the period under review, exports, however, showed a deep contraction.
In value terms, exports of cereals; maize (corn), other than seeds surged to $49M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.4% 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), Other than Seed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 34.0 | 27.8 | 32.2 | 22.4 | -13.0% |
| France | N/A | 0.9 | 0.1 | 1.1 | 10.6% |
| Brazil | N/A | N/A | N/A | 0.6 | 0% |
| Turkey | 4.5 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.9 | 0.5 | 25.3 | 248.1% |
| Total | 39.1 | 29.7 | 32.7 | 49.4 | 8.1% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from the UK in 2022:
- Ireland (66.9K tons)
- Brazil (1.9K tons)
- France (1.2K tons)
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