Price for Cereal Flour; of Maize (Corn) in Ecuador - 2022
Contents:
- Price for Cereal Flour; of Maize (Corn) in Ecuador (CIF) - 2022
- Price for Cereal Flour; of Maize (Corn) in Ecuador (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Ecuador
- Exports of Cereal Flour; of Maize (Corn) in Ecuador
Price for Cereal Flour; of Maize (Corn) in Ecuador (CIF) - 2022
The average import price for cereal flour; of maize (corn) stood at $808 per ton in January 2022, surging by 2.9% against the previous month. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in May 2021 an increase of 18% against the previous month. Over the period under review, average import prices attained the maximum at $971 per ton in February 2021; however, from March 2021 to January 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Colombia.
From February 2021 to January 2022, the rate of growth in terms of prices for Colombia amounted to -1.7% per month.
Price for Cereal Flour; of Maize (Corn) in Ecuador (FOB) - 2022
The average export price for cereal flour; of maize (corn) stood at $2,081 per ton in 2022, dropping by -15.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 34%. As a result, the export price attained the peak level of $2,474 per ton, and then fell rapidly in the following year.
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 +1.9% per year.
Imports of Cereal Flour; of Maize (Corn) in Ecuador
In 2022, overseas purchases of cereal flour; of maize (corn) decreased by -6% to 8.3K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 16%.
In value terms, cereal flour; of maize (corn) imports fell to $6.4M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 21% against the previous year.
| Import of Cereal Flour; of Maize (Corn) in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 4.9 | 5.9 | 6.9 | 6.4 | 9.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.9 | 5.9 | 6.9 | 6.4 | 9.3% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Ecuador in 2022:
- Colombia (8.3K tons)
Exports of Cereal Flour; of Maize (Corn) in Ecuador
In 2022, cereal flour; of maize (corn) exports from Ecuador skyrocketed to 42 tons, growing by 33% against 2021 figures. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.0% 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 -19.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 85% against the previous year. As a result, the exports attained the peak of 52 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereal flour; of maize (corn) exports expanded remarkably to $87K in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. As a result, the exports attained the peak of $96K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereal Flour; of Maize (Corn) in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 67.8 | 95.8 | 77.9 | 87.1 | 8.7% |
| Others | 0.1 | 0.3 | 0.3 | 0.1 | 0.0% |
| Total | 67.8 | 96.1 | 78.2 | 87.1 | 8.7% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Ecuador in 2022:
- United States (41.9 tons)
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
