Price for Cereal Flour; of Maize (Corn) in Brazil - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Brazil (FOB) - 2023
- Price for Cereal Flour; of Maize (Corn) in Brazil (CIF) - 2022
- Exports of Cereal Flour; of Maize (Corn) in Brazil
- Imports of Cereal Flour; of Maize (Corn) in Brazil
Price for Cereal Flour; of Maize (Corn) in Brazil (FOB) - 2023
The average export price for cereal flour; of maize (corn) stood at $356 per ton in July 2023, which is down by -18.4% against the previous month. In general, the export price recorded a slight descent. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 117% month-to-month. As a result, the export price reached the peak level of $827 per ton. From March 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Malaysia ($729 per ton), while the average price for exports to Democratic Republic of the Congo ($330 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 Malaysia (+1.3%), while the prices for the other major destinations experienced a decline.
Price for Cereal Flour; of Maize (Corn) in Brazil (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $1,228 per ton, stabilizing at the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour; of maize (corn) import price decreased by +0.2% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 39%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,500 per ton), while the price for the United States totaled $1,203 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flour; of Maize (Corn) in Brazil
In 2022, overseas shipments of cereal flour; of maize (corn) decreased by -33.4% to 62K tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 48%. As a result, the exports attained the peak of 152K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereal flour; of maize (corn) exports reduced dramatically to $24M in 2022. Overall, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2020 when exports increased by 86% against the previous year. As a result, the exports reached the peak of $52M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereal Flour; of Maize (Corn) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 4.7 | 9.0 | 5.9 | 11.8 | 35.9% |
| Angola | 21.0 | 21.0 | 10.0 | 10.2 | -21.4% |
| Malaysia | 0.2 | 0.8 | 1.1 | 1.3 | 86.6% |
| Venezuela | 1.1 | 20.1 | 19.5 | N/A | 321.0% |
| Others | 1.2 | 1.5 | 2.9 | 1.0 | -5.9% |
| Total | 28.2 | 52.4 | 39.3 | 24.3 | -4.8% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Brazil in 2022:
- Venezuela (undefinedK tons)
- Democratic Republic of the Congo (30.0K tons)
- Angola (28.0K tons)
- Malaysia (2.1K tons)
Imports of Cereal Flour; of Maize (Corn) in Brazil
For the fourth year in a row, Brazil recorded growth in purchases abroad of cereal flour; of maize (corn), which increased by 101% to 657 tons in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 159%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cereal flour; of maize (corn) imports soared to $807K in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 156%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Cereal Flour; of Maize (Corn) in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.5 | 223 | 280 | 718 | 172.5% |
| Italy | 78.2 | 124 | 115 | 84.8 | 2.7% |
| Colombia | N/A | 34.9 | N/A | 4.1 | -65.7% |
| France | 18.4 | 7.0 | 1.0 | 0.1 | -82.4% |
| United Kingdom | 19.6 | 1.2 | 4.0 | N/A | -54.8% |
| Others | 0.9 | 0.1 | N/A | 0.5 | -17.8% |
| Total | 153 | 390 | 400 | 807 | 74.1% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Brazil in 2022:
- United States (596.8 tons)
- Italy (56.5 tons)
- Colombia (3.6 tons)
- France (0.1 tons)
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