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

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

The average export price for cereal flour; of maize (corn) stood at $851 per ton in June 2023, surging by 3.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.6%. The growth pace was the most rapid in January 2023 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices reached the peak figure in June 2023.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the Netherlands ($1,203 per ton), while the average price for exports to Spain ($501 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cereal flour; of maize (corn) stood at $800 per ton in June 2023, rising by 3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 26% m-o-m. Over the period under review, average import prices attained the peak figure in June 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($1,870 per ton), while the price for Belgium ($361 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas shipments of cereal flour; of maize (corn) were finally on the rise to reach 42K tons after two years of decline. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal flour; of maize (corn) exports soared to $25M in 2022. The total export value increased at an average annual rate of +10.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cereal Flour; of Maize (Corn) in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	5.6	5.2	5.8	6.5	5.1%
Spain	2.0	1.9	2.5	6.2	45.8%
Belgium	2.3	1.7	2.2	2.2	-1.5%
Netherlands	2.1	1.4	1.5	1.9	-3.3%
Taiwan (Chinese)	1.2	1.7	1.5	1.8	14.5%
Thailand	1.2	1.3	1.6	1.8	14.5%
South Korea	1.7	1.3	1.3	1.8	1.9%
Philippines	1.0	0.5	0.3	0.3	-33.1%
Malaysia	0.4	0.6	0.2	0.3	-9.1%
Others	1.4	2.2	2.3	2.5	21.3%
Total	18.9	17.8	19.2	25.4	10.4%

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

Spain (13.7K tons)
United Kingdom (9.3K tons)
Taiwan (Chinese) (3.2K tons)
Belgium (3.2K tons)
Thailand (3.0K tons)
South Korea (2.8K tons)
Netherlands (2.6K tons)
Malaysia (0.5K tons)
Philippines (0.4K tons)

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

In 2022, supplies from abroad of cereal flour; of maize (corn) decreased by -10.8% to 15K tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports reached the peak of 24K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cereal flour; of maize (corn) imports stood at $9.7M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Cereal Flour; of Maize (Corn) in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	1.1	1.1	1.6	2.4	29.7%
Germany	1.4	2.0	1.9	2.0	12.6%
Italy	3.5	3.3	1.9	1.3	-28.1%
Netherlands	1.1	2.0	1.4	1.2	2.9%
Belgium	1.6	1.4	1.0	1.1	-11.7%
Spain	0.1	0.3	0.3	0.7	91.3%
Romania	0.2	0.2	0.2	0.3	14.5%
United Kingdom	0.3	0.2	0.3	0.1	-30.7%
Others	0.4	0.4	0.4	0.6	14.5%
Total	9.6	10.9	9.1	9.7	0.3%