Price for Cereal Flour; of Maize (Corn) in Australia - 2023

Price for Cereal Flour; of Maize (Corn) in Australia (CIF) - 2023

In July 2023, the average import price for cereal flour; of maize (corn) amounted to $1,311 per ton, with an increase of 8.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 22% against the previous month. Over the period under review, average import prices hit record highs at $1,410 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($1,929 per ton), while the price for Mexico ($773 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Africa (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Flour; of Maize (Corn) in Australia (FOB) - 2023

In July 2023, the average export price for cereal flour; of maize (corn) amounted to $1,412 per ton, growing by 5.3% against the previous month. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in April 2023 when the average export price increased by 1,779% m-o-m. As a result, the export price attained the peak level of $20,101 per ton. From May 2023 to July 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Solomon Islands ($3,032 per ton), while the average price for exports to New Zealand ($1,360 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flour; of Maize (Corn) in Australia

In 2022, purchases abroad of cereal flour; of maize (corn) increased by 28% to 12K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal flour; of maize (corn) imports soared to $13M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cereal Flour; of Maize (Corn) in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.7	7.3	7.0	11.0	18.0%
Mexico	0.5	0.7	0.7	0.8	17.0%
Namibia	N/A	N/A	0.2	0.3	50.0%
India	0.2	0.2	0.1	0.2	0.0%
South Africa	0.2	0.2	N/A	0.1	-20.6%
Others	0.3	0.3	0.3	0.4	10.1%
Total	7.8	8.8	8.4	12.9	18.3%

Top Suppliers of Cereal Flour; of Maize (Corn) to Australia in 2022:

United States (10.0K tons)
Mexico (1.2K tons)
Namibia (0.4K tons)
South Africa (0.2K tons)
India (0.2K tons)

Exports of Cereal Flour; of Maize (Corn) in Australia

In 2022, approx. 3.4K tons of cereal flour; of maize (corn) were exported from Australia; rising by 36% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cereal flour; of maize (corn) exports skyrocketed to $2.6M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 89%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.