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

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Chile (CIF) - 2023
2. Price for Cereal Flour; of Maize (Corn) in Chile (FOB) - 2022
3. Imports of Cereal Flour; of Maize (Corn) in Chile
4. Exports of Cereal Flour; of Maize (Corn) in Chile

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

In July 2023, the average import price for cereal flour; of maize (corn) amounted to $873 per ton, rising by 7.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 8.6% month-to-month. Over the period under review, average import prices attained the maximum at $904 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Colombia ($923 per ton), while the price for Argentina totaled $512 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Colombia (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cereal flour; of maize (corn) amounted to $1,028 per ton, which is down by -27.4% against the previous year. Overall, the export price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 138%. The export price peaked at $4,000 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,892 per ton), while the average price for exports to the Dominican Republic ($811 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+52.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 19K tons of cereal flour; of maize (corn) were imported into Chile; with an increase of 23% on 2021 figures. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal flour; of maize (corn) imports skyrocketed to $16M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Colombia (14.8K tons)
2. Venezuela (1.7K tons)
3. Argentina (1.4K tons)
4. Italy (0.5K tons)
5. United States (0.1K tons)

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

In 2022, the amount of cereal flour; of maize (corn) exported from Chile skyrocketed to 1.1 tons, jumping by 2,023% compared with the previous year's figure. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 11,930% against the previous year. As a result, the exports attained the peak of 48 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereal flour; of maize (corn) exports soared to $1.2K in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 4,911% against the previous year. As a result, the exports attained the peak of $29K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Cereal Flour; of Maize (Corn) from Chile in 2022:

1. Dominican Republic (990.0 kg)
2. Guatemala (70.0 kg)
3. United States (65.0 kg)

Source: IndexBox Market Intelligence Platform