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

Contents:

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

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

In 2022, the average export price for cereal flour; of maize (corn) amounted to $692 per ton, increasing by 14% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 5,403%. Over the period under review, the average export prices attained the maximum at $1,710 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($692 per ton), while the average price for exports to Sudan ($692 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cereal flour; of maize (corn) stood at $801 per ton in 2022, surging by 12% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $812 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($801 per ton), while the price for Ukraine ($800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of cereal flour; of maize (corn) exported from Egypt surged to 1.3K tons, increasing by 52% against the previous year's figure. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 3,172%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, cereal flour; of maize (corn) exports skyrocketed to $926K in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 3,571% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

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

1. Sudan (780.9 tons)
2. Palestine (383.7 tons)
3. Madagascar (173.8 tons)

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

For the third year in a row, Egypt recorded decline in purchases abroad of cereal flour; of maize (corn), which decreased by -54.8% to 38 tons in 2022. Over the period under review, imports faced a sharp decline. The smallest decline of -47.6% was in 2021.

In value terms, cereal flour; of maize (corn) imports contracted notably to $30K in 2022. In general, imports recorded a sharp descent. The smallest decline of -46.4% was in 2021.

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

1. France (27.8 tons)
2. Italy (8.7 tons)
3. Ukraine (1.4 tons)

Source: IndexBox Market Intelligence Platform