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

Price for Cereal Flour; of Maize (Corn) in Bolivia (CIF) - 2022

In 2022, the average import price for cereal flour; of maize (corn) amounted to $1,049 per ton, increasing by 41% against the previous year. Overall, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 44%. Over the period under review, average import prices reached the maximum at $1,184 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Colombia ($2,218 per ton), while the price for Ecuador ($801 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-1.0%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Flour; of Maize (Corn) in Bolivia (FOB) - 2022

The average export price for cereal flour; of maize (corn) stood at $3,396 per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, saw a tangible increase. The growth pace was the most rapid in 2014 an increase of 107% against the previous year. The export price peaked at $3,434 per ton in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +34.0% per year.

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of cereal flour; of maize (corn), when their volume increased by 19% to 121 tons. Over the period under review, imports, however, continue to indicate a abrupt decline.

In value terms, cereal flour; of maize (corn) imports soared to $127K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	N/A	0.2	18.4	47.0	1433.0%
Ecuador	N/A	N/A	N/A	40.4	0%
Argentina	61.7	34.2	29.4	38.3	-14.7%
Brazil	6.8	10.7	0.9	0.7	-53.1%
United States	23.2	48.9	26.6	0.5	-72.2%
Others	N/A	N/A	0.2	N/A	0%
Total	91.7	93.9	75.4	127	11.5%

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

Ecuador (50.5 tons)
Argentina (47.9 tons)
Colombia (21.2 tons)
Brazil (0.9 tons)
United States (0.6 tons)

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

In 2022, shipments abroad of cereal flour; of maize (corn) increased by 50% to 2 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a significant curtailment.

In value terms, cereal flour; of maize (corn) exports soared to $6.7K in 2022. Over the period under review, exports, however, recorded a precipitous decline.