Price for Cereals; Maize (Corn), Seed in Venezuela - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Venezuela (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Venezuela (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Venezuela
- Exports of Cereals; Maize (Corn), Seed in Venezuela
Price for Cereals; Maize (Corn), Seed in Venezuela (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $4,157 per ton in 2022, leveling off at the previous year. In general, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, average import prices attained the maximum at $6,089 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Argentina ($10,867 per ton), while the price for Colombia ($3,675 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+11.2%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Seed in Venezuela (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $7,145 per ton in 2022, leveling off at the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 51%. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($8,087 per ton), while the average price for exports to Mexico amounted to $257 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+10.9%).
Imports of Cereals; Maize (Corn), Seed in Venezuela
In 2022, supplies from abroad of cereals; maize (corn), seeds increased by 7.5% to 4.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a sharp shrinkage.
In value terms, cereals; maize (corn), seed imports expanded rapidly to $17M in 2022. Overall, imports, however, recorded a significant contraction.
| Import of Cereals; Maize (Corn), Seed in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 24.4 | 7.1 | 5.0 | 9.8 | -26.2% |
| Brazil | 2.4 | 2.2 | 4.5 | 2.8 | 5.3% |
| Argentina | 3.2 | 3.1 | 2.8 | 2.5 | -7.9% |
| Colombia | 1.7 | 1.8 | 2.4 | 2.2 | 9.0% |
| Bolivia | 1.8 | 3.5 | 1.6 | N/A | -5.7% |
| Others | 0.6 | 0.8 | 0.1 | 0.2 | -30.7% |
| Total | 34.2 | 18.5 | 16.3 | 17.4 | -20.2% |
Top Suppliers of Cereals; Maize (Corn), Seed to Venezuela in 2022:
- Mexico (2615.9 tons)
- Brazil (714.7 tons)
- Colombia (596.1 tons)
- Argentina (228.3 tons)
Exports of Cereals; Maize (Corn), Seed in Venezuela
In 2022, after three years of growth, there was significant decline in shipments abroad of cereals; maize (corn), seeds, when their volume decreased by -43.6% to 2.6 tons. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 569% against the previous year. As a result, the exports attained the peak of 4.6 tons, and then shrank significantly in the following year.
In value terms, cereals; maize (corn), seed exports shrank sharply to $19K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 660%. As a result, the exports reached the peak of $33K, and then fell sharply in the following year.
| Export of Cereals; Maize (Corn), Seed in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.6 | 4.3 | 0.2 | 18.6 | 126.5% |
| Mexico | N/A | N/A | N/A | 0.1 | 0% |
| Brazil | N/A | N/A | 32.8 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.6 | 4.3 | 33.0 | 18.7 | 126.9% |
Top Export Markets for Cereals; Maize (Corn), Seed from Venezuela in 2022:
- Guatemala (2.3 tons)
- Mexico (0.3 tons)
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