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

Contents:

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

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

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $765 per ton in 2022, with an increase of 1.7% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by +43.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($793 per ton), while the price for Malaysia totaled $737 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.1%).

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

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $696 per ton, with a decrease of -14.5% against the previous year. Overall, the export price, however, continues to indicate a measured increase. Over the period under review, the average export prices reached the maximum at $994 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($716 per ton), while the average price for exports to the United Arab Emirates amounted to $640 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-81.5%).

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

Imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) into Iran soared to 193 tons in 2022, jumping by 18% on the previous year's figure. Over the period under review, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year. As a result, imports attained the peak of 414 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $148K in 2022. Overall, imports, however, faced a abrupt descent.

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

1. United Arab Emirates (98.5 tons)
2. Malaysia (94.6 tons)

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

In 2022, approx. 5.2 tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were exported from Iran; jumping by 65% against the previous year. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 303%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $3.6K in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 230% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. United Kingdom (3.8 tons)
2. United Arab Emirates (1.3 tons)

Source: IndexBox Market Intelligence Platform