Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus - 2022

Contents:

  1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus (CIF) - 2022
  2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus (FOB) - 2022
  3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus
  4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus (CIF) - 2022

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $317 per ton in 2022, which is down by -32.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 106% against the previous year. As a result, import price reached the peak level of $466 per ton, and then fell markedly in the following year.

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 Russia ($473 per ton), while the price for Ukraine totaled $174 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-5.3%).

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $514 per ton in 2022, dropping by -36.8% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 84% against the previous year. As a result, the export price reached the peak level of $1,852 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -6.5% per year.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus

In 2022, supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by 79% to 929 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a precipitous contraction.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $294K in 2022. Overall, imports, however, continue to indicate a dramatic downturn.

Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia293132132202-11.7%
Ukraine96527710585.0-55.5%
Others18.19.44.97.6-25.1%
Total1,276418242294-38.7%

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Belarus in 2022:

  1. Ukraine (488.9 tons)
  2. Russia (426.0 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus

In 2022, after two years of decline, there was significant growth in overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), when their volume increased by 185% to 5.3 tons. Overall, exports, however, showed a abrupt slump.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $2.7K in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment.

Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia3.82.81.52.7-10.8%
OthersN/AN/AN/AN/A0%
Total3.82.81.52.7-10.8%

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Belarus in 2022:

  1. Russia (5.3 tons)

Source: IndexBox Market Intelligence Platform

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