Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt - 2023
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt (CIF) - 2022
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt (FOB) - 2022
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt (CIF) - 2022
In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $350 per ton, stabilizing at the previous year. Overall, the import price recorded a deep reduction. The growth pace was the most rapid in 2019 when the average import price increased by 59% against the previous year. Over the period under review, average import prices hit record highs at $637 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,275 per ton), while the price for Brazil ($303 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.8%), while the prices for the other major suppliers experienced a decline.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt (FOB) - 2022
In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $478 per ton, waning by -32.9% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by +8.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 62%. As a result, the export price attained the peak level of $713 per ton, and then shrank remarkably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($1,060 per ton), while the average price for exports to Libya ($160 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 Bahrain (+188.0%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt
In 2022, approx. 591 tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were imported into Egypt; surging by 2.2% compared with 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) totaled $207K in 2022. The total import value increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 78.0 | 145 | 111 | 121 | 15.8% |
| Jordan | 47.5 | 33.1 | 78.2 | 71.6 | 14.7% |
| Netherlands | 14.4 | 18.4 | 12.5 | 12.3 | -5.1% |
| Brazil | 7.0 | 6.6 | 3.3 | 2.4 | -30.0% |
| Others | N/A | N/A | 0.7 | N/A | 0% |
| Total | 147 | 203 | 205 | 207 | 12.1% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Egypt in 2022:
- Turkey (391.6 tons)
- Jordan (188.5 tons)
- Brazil (8.0 tons)
- Netherlands (2.9 tons)
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt
In 2022, overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -90.2% to 12 tons, falling for the second year in a row after two years of growth. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 94% against the previous year. As a result, the exports reached the peak of 266 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) declined remarkably to $5.8K in 2022. Over the period under review, exports showed a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 68%. As a result, the exports attained the peak of $117K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 28.2 | 31.5 | 22.7 | 3.0 | -52.6% |
| Palestine | 31.6 | 17.0 | 13.1 | 1.9 | -60.8% |
| Bahrain | N/A | N/A | 0.1 | 0.4 | 300.0% |
| United Kingdom | 4.0 | 2.4 | 2.1 | 0.3 | -57.8% |
| Libya | 4.0 | 1.7 | 1.0 | 0.1 | -70.8% |
| Ethiopia | N/A | 31.0 | N/A | N/A | 0% |
| Yemen | N/A | 12.5 | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 48.6 | N/A | 0% |
| Others | 1.5 | 20.6 | 0.4 | 0.1 | -59.5% |
| Total | 69.3 | 117 | 88.0 | 5.8 | -56.3% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Egypt in 2022:
- Palestine (5.0 tons)
- Jordan (4.0 tons)
- United Kingdom (1.9 tons)
- Libya (0.7 tons)
- Bahrain (0.4 tons)
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