Price for Cereal Flour; of Maize (Corn) in Japan - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Japan (CIF) - 2022
- Price for Cereal Flour; of Maize (Corn) in Japan (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Japan
- Exports of Cereal Flour; of Maize (Corn) in Japan
Price for Cereal Flour; of Maize (Corn) in Japan (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $1,707 per ton, jumping by 40% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour; of maize (corn) import price increased by +88.9% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($2,716 per ton), while the price for Australia ($778 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Japan (FOB) - 2022
In 2022, the average export price for cereal flour; of maize (corn) amounted to $1,075 per ton, waning by -3.6% against the previous year. Over the period under review, the export price showed a deep slump. The growth pace was the most rapid in 2014 when the average export price increased by 23% against the previous year. As a result, the export price attained the peak level of $2,799 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,080 per ton), while the average price for exports to Thailand ($1,048 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.2%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Flour; of Maize (Corn) in Japan
In 2022, supplies from abroad of cereal flour; of maize (corn) increased by 13% to 224 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a noticeable setback.
In value terms, cereal flour; of maize (corn) imports soared to $382K 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 +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 155 | 133 | 104 | 192 | 7.4% |
| Mexico | 12.8 | 23.7 | 35.1 | 90.0 | 91.6% |
| Brazil | 33.8 | 40.4 | 31.1 | 38.0 | 4.0% |
| China | 5.7 | 29.8 | 33.9 | 31.0 | 75.9% |
| Australia | 36.6 | 19.6 | N/A | 14.8 | -26.1% |
| Italy | 5.4 | 3.5 | 2.3 | 14.7 | 39.6% |
| New Zealand | 42.8 | 10.4 | 35.0 | N/A | -9.6% |
| Others | N/A | N/A | 0.1 | 1.8 | 1700.0% |
| Total | 292 | 260 | 242 | 382 | 9.4% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Japan in 2022:
- United States (110.0 tons)
- Mexico (43.0 tons)
- China (24.0 tons)
- Australia (19.0 tons)
- Brazil (14.0 tons)
- Italy (13.1 tons)
Exports of Cereal Flour; of Maize (Corn) in Japan
In 2022, approx. 165 tons of cereal flour; of maize (corn) were exported from Japan; falling by -9.8% on the year before. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 147%. As a result, the exports attained the peak of 183 tons, and then declined in the following year.
In value terms, cereal flour; of maize (corn) exports shrank to $177K in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 129%. As a result, the exports attained the peak of $204K, and then contracted in the following year.
| Export of Cereal Flour; of Maize (Corn) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 89.0 | 80.5 | 179 | 142 | 16.9% |
| Thailand | N/A | 5.9 | 16.4 | 26.2 | 110.7% |
| Indonesia | 18.2 | 2.4 | 6.6 | 9.6 | -19.2% |
| Others | 2.1 | N/A | 2.1 | N/A | 0.0% |
| Total | 109 | 88.9 | 204 | 177 | 17.5% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Japan in 2022:
- Vietnam (131.0 tons)
- Thailand (25.0 tons)
- Indonesia (8.9 tons)
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