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

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

The average import price for cereal flour; of maize (corn) stood at $917 per ton in June 2023, leveling off at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in February 2023 when the average import price increased by 16% month-to-month. Over the period under review, average import prices hit record highs at $938 per ton in April 2023; however, from May 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 Mexico ($1,514 per ton), while the price for the United States amounted to $884 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.2%).

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

The average export price for cereal flour; of maize (corn) stood at $1,226 per ton in 2022, increasing by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.6% per year.

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

In 2022, purchases abroad of cereal flour; of maize (corn) decreased by -2.2% to 30K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2020 when imports increased by 4.1%. As a result, imports attained the peak of 35K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cereal flour; of maize (corn) imports expanded rapidly to $23M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cereal Flour; of Maize (Corn) in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	18.7	20.0	19.3	21.6	4.9%
Others	0.8	1.0	1.2	1.5	23.3%
Total	19.5	21.0	20.5	23.1	5.8%

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

United States (29.3K tons)

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

In 2022, shipments abroad of cereal flour; of maize (corn) decreased by -1.6% to 1.3K tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. As a result, the exports reached the peak of 1.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereal flour; of maize (corn) exports contracted to $1.6M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. As a result, the exports attained the peak of $2.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.