Price for Cereal Flour; of Maize (Corn) in Malaysia - 2021
Contents:
- Price for Cereal Flour; of Maize (Corn) in Malaysia (CIF) - 2021
- Price for Cereal Flour; of Maize (Corn) in Malaysia (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Malaysia
- Exports of Cereal Flour; of Maize (Corn) in Malaysia
Price for Cereal Flour; of Maize (Corn) in Malaysia (CIF) - 2021
The average import price for cereal flour; of maize (corn) stood at $573 per ton in December 2021, surging by 3.2% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 79% month-to-month. As a result, import price attained the peak level of $1,118 per ton. From May 2021 to December 2021, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($939 per ton), while the price for Indonesia ($184 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by France (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Malaysia (FOB) - 2022
The average export price for cereal flour; of maize (corn) stood at $711 per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2016 an increase of 49% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,049 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($1,556 per ton), while the average price for exports to Taiwan (Chinese) ($550 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 Qatar (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in Malaysia
In 2022, overseas purchases of cereal flour; of maize (corn) decreased by -2.8% to 6.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 67%.
In value terms, cereal flour; of maize (corn) imports expanded slightly to $3.7M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 56%. As a result, imports reached the peak of $3.7M; afterwards, it flattened through to 2022.
| Import of Cereal Flour; of Maize (Corn) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,433 | 2,019 | 807 | 1,758 | 7.1% |
| Germany | 152 | 809 | 624 | 719 | 67.9% |
| France | 421 | 559 | 132 | 462 | 3.1% |
| Turkey | 32.7 | 70.7 | 316 | 364 | 123.3% |
| Spain | 3.0 | 118 | 228 | 263 | 344.2% |
| China | 219 | N/A | 104 | N/A | -31.1% |
| Brazil | N/A | 111 | 1,238 | N/A | 1015.3% |
| Others | 138 | 59.4 | 104 | 85.0 | -14.9% |
| Total | 2,399 | 3,746 | 3,555 | 3,651 | 15.0% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Malaysia in 2022:
- Netherlands (2.8K tons)
- France (1.1K tons)
- Turkey (0.9K tons)
- Germany (0.9K tons)
- Spain (0.3K tons)
Exports of Cereal Flour; of Maize (Corn) in Malaysia
After three years of growth, shipments abroad of cereal flour; of maize (corn) decreased by -15.7% to 874 tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. As a result, the exports reached the peak of 1K tons, and then reduced markedly in the following year.
In value terms, cereal flour; of maize (corn) exports reduced notably to $622K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of $732K, and then reduced dramatically in the following year.
| Export of Cereal Flour; of Maize (Corn) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 228 | 227 | 319 | 260 | 4.5% |
| Singapore | 79.4 | 70.9 | 267 | 217 | 39.8% |
| Brunei Darussalam | 108 | 62.7 | 37.5 | 55.7 | -19.8% |
| Qatar | 34.1 | 101 | 48.0 | 48.9 | 12.8% |
| Saudi Arabia | 11.7 | 31.0 | 33.6 | 27.3 | 32.6% |
| Australia | 4.7 | 19.1 | 15.8 | 12.9 | 40.0% |
| Others | 18.6 | N/A | 11.3 | N/A | -22.1% |
| Total | 485 | 511 | 732 | 622 | 8.6% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Malaysia in 2022:
- Taiwan (Chinese) (472.5 tons)
- Singapore (303.3 tons)
- Brunei Darussalam (35.9 tons)
- Qatar (31.4 tons)
- Saudi Arabia (17.7 tons)
- Australia (13.2 tons)
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