Price for Cereal Flour; of Maize (Corn) in the United States - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in the United States (CIF) - 2023
- Price for Cereal Flour; of Maize (Corn) in the United States (FOB) - 2023
- Imports of Cereal Flour; of Maize (Corn) in the United States
- Exports of Cereal Flour; of Maize (Corn) in the United States
Price for Cereal Flour; of Maize (Corn) in the United States (CIF) - 2023
The average import price for cereal flour; of maize (corn) stood at $869 per ton in August 2023, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in November 2022 an increase of 15% against the previous month. Over the period under review, average import prices attained the maximum in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was India ($3,291 per ton), while the price for Mexico ($830 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Flour; of Maize (Corn) in the United States (FOB) - 2023
The average export price for cereal flour; of maize (corn) stood at $884 per ton in August 2023, reducing by -5.9% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices hit record highs at $969 per ton in November 2022; however, from December 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In August 2023, the highest price was recorded for prices to Australia ($1,082 per ton) and the Philippines ($903 per ton), while the average price for exports to Mexico ($748 per ton) and Oman ($777 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in the United States
In 2022, the amount of cereal flour; of maize (corn) imported into the United States rose to 234K tons, surging by 3.4% against the previous year's figure. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 26% against the previous year. As a result, imports reached the peak of 240K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereal flour; of maize (corn) imports surged to $163M in 2022. The total import value increased at an average annual rate of +13.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 97.4 | 121 | 121 | 145 | 14.2% |
| India | 0.1 | 0.1 | 0.1 | 5.9 | 289.3% |
| Italy | 9.4 | 8.3 | 4.5 | 3.9 | -25.4% |
| Others | 4.5 | 5.6 | 6.5 | 7.6 | 19.1% |
| Total | 111 | 135 | 133 | 163 | 13.7% |
Top Suppliers of Cereal Flour; of Maize (Corn) to the United States in 2022:
- Mexico (220.4K tons)
- India (4.2K tons)
- Italy (3.3K tons)
Exports of Cereal Flour; of Maize (Corn) in the United States
In 2022, shipments abroad of cereal flour; of maize (corn) decreased by -11.2% to 82K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 1%. As a result, the exports attained the peak of 107K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereal flour; of maize (corn) exports skyrocketed to $65M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable 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.
| Export of Cereal Flour; of Maize (Corn) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.0 | 21.4 | 20.7 | 23.0 | 4.8% |
| Mexico | 12.1 | 11.6 | 9.6 | 9.7 | -7.1% |
| Australia | 5.6 | 6.2 | 5.9 | 8.2 | 13.6% |
| Mozambique | 1.6 | 0.8 | 1.3 | 3.3 | 27.3% |
| Philippines | 3.2 | 2.4 | 2.6 | 2.8 | -4.4% |
| Trinidad and Tobago | 2.8 | 4.1 | 3.4 | 2.4 | -5.0% |
| Dominican Republic | 2.4 | 1.9 | 1.9 | 2.4 | 0.0% |
| Panama | 2.3 | 2.4 | 1.8 | 1.8 | -7.8% |
| Democratic Republic of the Congo | N/A | N/A | 1.5 | 1.7 | 13.3% |
| Argentina | 1.1 | 0.1 | 0.8 | 1.3 | 5.7% |
| Guatemala | 1.1 | 1.0 | 1.1 | 1.2 | 2.9% |
| Others | 10.7 | 8.9 | 5.5 | 7.0 | -13.2% |
| Total | 62.7 | 61.0 | 56.1 | 64.8 | 1.1% |
Top Export Markets for Cereal Flour; of Maize (Corn) from the United States in 2022:
- Canada (31.9K tons)
- Mexico (13.9K tons)
- Australia (9.9K tons)
- Philippines (3.4K tons)
- Mozambique (3.0K tons)
- Trinidad and Tobago (2.9K tons)
- Democratic Republic of the Congo (2.6K tons)
- Dominican Republic (2.3K tons)
- Panama (1.8K tons)
- Argentina (1.8K tons)
- Guatemala (1.3K tons)
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As of July 2023, the cost of Cereal Flour reached $975 per ton (CIF, US), showing a 2.2% increase compared to the previous month.
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As of July 2023, the cost of Cereal Flour reached $975 per ton (CIF, US), showing a 2.2% increase compared to the previous month.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
