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

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

In 2022, the average export price for cereal flour; of maize (corn) amounted to $642 per ton, growing by 13% against the previous year. In general, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2021 an increase of 153% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,725 per ton), while the average price for exports to Australia ($304 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 Germany (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cereal flour; of maize (corn) stood at $487 per ton in 2022, remaining relatively unchanged against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +111.1% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $489 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,695 per ton), while the price for China stood at $424 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, shipments abroad of cereal flour; of maize (corn) decreased by -71.1% to 325 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, the exports attained the peak of 2.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cereal flour; of maize (corn) exports dropped significantly to $209K in 2022. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. As a result, the exports reached the peak of $638K, and then dropped dramatically in the following year.

Export of Cereal Flour; of Maize (Corn) in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	233	117	135	52.7	-39.1%
Canada	28.5	90.6	154	50.9	21.3%
Afghanistan	94.9	171	83.4	38.0	-26.3%
United States	38.2	23.5	78.1	25.7	-12.4%
Germany	35.7	29.3	22.9	9.6	-35.5%
Sierra Leone	N/A	0.8	N/A	N/A	0%
New Zealand	40.1	N/A	13.0	N/A	-43.1%
Others	20.5	91.0	151	31.6	15.5%
Total	491	523	638	209	-24.8%

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

Australia (173.1 tons)
Afghanistan (54.9 tons)
Canada (54.5 tons)
United States (28.7 tons)
Germany (5.5 tons)

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

In 2022, approx. 8.5 tons of cereal flour; of maize (corn) were imported into Pakistan; dropping by -29.2% against 2021 figures. Over the period under review, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 140% against the previous year.

In value terms, cereal flour; of maize (corn) imports dropped dramatically to $4.1K in 2022. Overall, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 143%.