Price for Cereals; Maize (Corn), Other than Seed in Russia - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Russia (FOB) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Russia (CIF) - 2022
- Exports of Cereals; Maize (Corn), Other than Seed in Russia
- Imports of Cereals; Maize (Corn), Other than Seed in Russia
Price for Cereals; Maize (Corn), Other than Seed in Russia (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $247 per ton, declining by -13% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $284 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($351 per ton), while the average price for exports to Armenia ($186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Russia (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $626 per ton in 2022, which is down by -13% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 74% against the previous year. Over the period under review, average import prices attained the maximum at $829 per ton in 2015; however, from 2016 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 the United States ($1,500 per ton), while the price for Turkey ($392 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Other than Seed in Russia
For the fourth year in a row, Russia recorded growth in shipments abroad of cereals; maize (corn), other than seeds, which increased by 0.1% to 2.9M tons in 2022. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 19%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of cereals; maize (corn), other than seeds fell to $713M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports attained the peak of $819M, and then contracted in the following year.
| Export of Cereals; Maize (Corn), Other than Seed in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 95.6 | 133 | 278 | 422 | 64.0% |
| South Korea | 7.7 | 53.6 | 153 | 86.4 | 123.9% |
| Latvia | 10.1 | 12.2 | 16.1 | 45.0 | 64.5% |
| China | 10.6 | 21.7 | 21.3 | 30.9 | 42.9% |
| Armenia | 11.9 | 12.9 | 13.9 | 24.9 | 27.9% |
| Greece | 0.6 | 3.1 | 39.3 | 22.4 | 234.2% |
| Azerbaijan | 14.0 | 8.5 | 6.4 | 20.5 | 13.6% |
| Vietnam | N/A | 109 | 34.3 | 0.6 | -92.6% |
| Iran | 303 | 167 | 119 | N/A | -37.3% |
| Others | 90.2 | 86.3 | 139 | 60.8 | -12.3% |
| Total | 543 | 607 | 819 | 713 | 9.5% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Russia in 2022:
- Turkey (1607.8K tons)
- South Korea (318.3K tons)
- Latvia (196.0K tons)
- Armenia (134.3K tons)
- China (132.5K tons)
- Azerbaijan (104.0K tons)
- Greece (100.0K tons)
- Vietnam (2.4K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Russia
After two years of decline, overseas purchases of cereals; maize (corn), other than seeds increased by 21% to 4.1K tons in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn.
In value terms, imports of cereals; maize (corn), other than seeds rose to $2.6M in 2022. Overall, imports, however, showed a deep contraction.
| Import of Cereals; Maize (Corn), Other than Seed in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,789 | 194 | 526 | 895 | -20.6% |
| United States | 1,042 | 1,301 | 1,128 | 549 | -19.2% |
| South Africa | 1,689 | 445 | 199 | 423 | -37.0% |
| Hungary | 47.5 | 69.4 | 89.9 | 404 | 104.1% |
| Germany | 23.6 | 34.4 | 66.4 | 190 | 100.4% |
| Turkey | 18.7 | 51.1 | 15.8 | 52.3 | 40.9% |
| China | 50.7 | 33.0 | 34.5 | N/A | -17.5% |
| Serbia | N/A | 487 | N/A | N/A | 0% |
| Romania | 73.9 | 63.0 | 36.6 | N/A | -29.6% |
| Others | 118 | 28.0 | 370 | 73.2 | -14.7% |
| Total | 4,852 | 2,706 | 2,466 | 2,586 | -18.9% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Russia in 2022:
- France (1776.9 tons)
- South Africa (1052.9 tons)
- Hungary (618.4 tons)
- United States (366.2 tons)
- Germany (136.0 tons)
- Turkey (133.3 tons)
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