Price for Cereals; Maize (Corn), Seed in the UK - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in the UK (CIF) - 2023
- Price for Cereals; Maize (Corn), Seed in the UK (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in the UK
- Exports of Cereals; Maize (Corn), Seed in the UK
Price for Cereals; Maize (Corn), Seed in the UK (CIF) - 2023
In June 2023, the average cereals; maize (corn), seed import price amounted to $365 per ton, declining by -58.7% against the previous month. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in December 2022 an increase of 407% month-to-month. Over the period under review, average import prices attained the maximum at $4,935 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($1,202 per ton), while the price for Ireland ($281 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in the UK (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $6,349 per ton in 2022, surging by 8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 an increase of 13%. The export price peaked in 2022 and is expected to retain growth in years to come.
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 France ($6,468 per ton), while the average price for exports to the Netherlands ($1,972 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 Germany (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Seed in the UK
In 2022, approx. 30K tons of cereals; maize (corn), seeds were imported into the UK; rising by 69% against the previous year. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; maize (corn), seed imports surged to $53M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 75% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 13.6 | 43.1 | 23.9 | 35.2 | 37.3% |
| Ireland | 1.8 | 2.2 | 4.4 | 5.8 | 47.7% |
| Germany | 10.2 | 1.0 | 1.2 | 5.4 | -19.1% |
| Austria | 2.8 | 4.1 | 1.2 | 3.5 | 7.7% |
| United States | 0.4 | 0.2 | 1.3 | 1.7 | 62.0% |
| Others | 0.6 | 0.7 | 0.7 | 0.8 | 10.1% |
| Total | 29.3 | 51.2 | 32.6 | 52.6 | 21.5% |
Top Suppliers of Cereals; Maize (Corn), Seed to the UK in 2022:
- Ireland (15.9K tons)
- France (8.8K tons)
- United States (2.6K tons)
- Germany (1.3K tons)
- Austria (1.0K tons)
Exports of Cereals; Maize (Corn), Seed in the UK
After three years of growth, shipments abroad of cereals; maize (corn), seeds decreased by -8.4% to 485 tons in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 199% against the previous year. As a result, the exports reached the peak of 529 tons, and then dropped in the following year.
In value terms, cereals; maize (corn), seed exports shrank slightly to $3.1M in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 231% against the previous year. As a result, the exports attained the peak of $3.1M, and then shrank in the following year.
| Export of Cereals; Maize (Corn), Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 129 | 664 | 1,587 | 1,489 | 126.0% |
| Germany | 0.3 | 0.1 | 1,484 | 1,393 | 1568.3% |
| Ireland | 288 | 222 | 12.5 | 160 | -17.8% |
| Others | 58.0 | 55.4 | 28.6 | 36.8 | -14.1% |
| Total | 475 | 941 | 3,112 | 3,078 | 86.4% |
Top Export Markets for Cereals; Maize (Corn), Seed from the UK in 2022:
- France (230.2 tons)
- Germany (216.6 tons)
- Ireland (26.5 tons)
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