Price for Cereal Flour; of Maize (Corn) in Paraguay - 2024

Contents:

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

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

The average import price for cereal flour; of maize (corn) stood at $1,012 per ton in 2022, increasing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The import price peaked at $1,023 per ton in 2017; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Colombia ($1,086 per ton) and Brazil ($1,019 per ton), while the price for the United States ($967 per ton) and Argentina ($1,006 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cereal flour; of maize (corn) stood at $847 per ton in 2022, surging by 16% against the previous year. In general, the export price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 78%. The export price peaked at $1,223 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Uruguay ($1,663 per ton), while the average price for exports to Spain ($782 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 the United States (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of cereal flour; of maize (corn) imported into Paraguay expanded significantly to 319 tons, picking up by 5.5% on the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.9% 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 +68.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cereal flour; of maize (corn) imports surged to $323K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Argentina (168.3 tons)
2. United States (56.3 tons)
3. Brazil (54.7 tons)
4. Colombia (39.6 tons)

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

In 2022, approx. 22 tons of cereal flour; of maize (corn) were exported from Paraguay; picking up by 13% on 2021. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cereal flour; of maize (corn) exports soared to $19K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.3% 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 +69.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Spain (20.2 tons)
2. United States (1.3 tons)
3. Uruguay (0.2 tons)

Source: IndexBox Market Intelligence Platform