Price for Cereals; Maize (Corn), Seed in South Africa - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in South Africa (FOB) - 2022
- Price for Cereals; Maize (Corn), Seed in South Africa (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in South Africa
- Imports of Cereals; Maize (Corn), Seed in South Africa
Price for Cereals; Maize (Corn), Seed in South Africa (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $556 per ton, declining by -58.4% against the previous year. Overall, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 62% against the previous year. The export price peaked at $1,410 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 the Philippines ($4,385 per ton), while the average price for exports to Japan ($315 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 Lesotho (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in South Africa (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $7,012 per ton in 2022, rising by 174% against the previous year. In general, the import price continues to indicate a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($9,822 per ton), while the price for Zimbabwe ($2,235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Seed in South Africa
In 2022, the amount of cereals; maize (corn), seeds exported from South Africa surged to 272K tons, increasing by 592% against the previous year. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed exports soared to $151M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 19.7 | N/A | 49.8 | 59.0% |
| Italy | N/A | N/A | 19.1 | 26.9 | 40.8% |
| Vietnam | 0.1 | 10.2 | 1.3 | 17.7 | 461.5% |
| Taiwan (Chinese) | N/A | N/A | N/A | 17.6 | 0% |
| Mexico | N/A | N/A | N/A | 11.2 | 0% |
| France | 2.4 | 0.9 | 1.8 | 4.7 | 25.1% |
| Swaziland | 0.9 | 1.2 | 1.4 | 3.5 | 57.3% |
| Zimbabwe | 0.8 | 11.4 | 3.4 | 1.3 | 17.6% |
| Others | 22.6 | 20.5 | 25.6 | 18.8 | -6.0% |
| Total | 26.8 | 63.9 | 52.7 | 151 | 77.9% |
Top Export Markets for Cereals; Maize (Corn), Seed from South Africa in 2022:
- Japan (158.0K tons)
- Mexico (29.3K tons)
- Taiwan (Chinese) (26.8K tons)
- Italy (21.6K tons)
- France (8.2K tons)
- Swaziland (7.9K tons)
- Vietnam (7.0K tons)
- Zimbabwe (3.0K tons)
Imports of Cereals; Maize (Corn), Seed in South Africa
In 2022, imports of cereals; maize (corn), seeds into South Africa declined sharply to 3.7K tons, which is down by -67.9% against the year before. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 205% against the previous year. As a result, imports attained the peak of 12K tons, and then shrank notably in the following year.
In value terms, cereals; maize (corn), seed imports dropped to $26M in 2022. Over the period under review, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of $30M, and then dropped in the following year.
| Import of Cereals; Maize (Corn), Seed in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.7 | 10.3 | 10.3 | 11.8 | -19.6% |
| Chile | 3.3 | 11.3 | 15.8 | 11.4 | 51.2% |
| Zambia | 1.5 | 1.3 | 0.2 | 2.4 | 17.0% |
| Zimbabwe | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Poland | N/A | N/A | 2.2 | N/A | 0% |
| Others | 0.7 | 1.0 | 1.1 | 0.2 | -34.1% |
| Total | 28.3 | 24.1 | 29.6 | 26.0 | -2.8% |
Top Suppliers of Cereals; Maize (Corn), Seed to South Africa in 2022:
- Chile (1584.2 tons)
- United States (1415.0 tons)
- Zambia (558.9 tons)
- Zimbabwe (73.3 tons)
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