Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Israel - 2023

Contents:

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

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

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $569 per ton, jumping by 15% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 75% against the previous year. Over the period under review, average import prices reached the peak figure at $692 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ukraine ($569 per ton) and Brazil ($569 per ton), while the price for Italy ($569 per ton) and India ($569 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.2%), 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 Israel (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $462 per ton, approximately mirroring the previous year. In general, the export price, however, showed a mild curtailment. The growth pace was the most rapid in 2018 an increase of 117% against the previous year. As a result, the export price reached the peak level of $1,015 per ton. From 2019 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 Palestine.

From 2012 to 2022, the rate of growth in terms of prices for Palestine amounted to -1.9% per year.

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

In 2022, the amount of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) imported into Israel expanded rapidly to 680 tons, increasing by 9.5% against 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 decreased by -12.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 78% against the previous year. As a result, imports reached the peak of 774 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) surged to $387K in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Spain (520.5 tons)
2. Turkey (49.2 tons)
3. Ukraine (45.7 tons)
4. Brazil (33.4 tons)
5. Italy (22.9 tons)
6. India (8.8 tons)

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

In 2022, shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -1% to 2.2 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 2.8%. As a result, the exports attained the peak of 2.2 tons; afterwards, it flattened through to 2022.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) contracted to $1K in 2022. The total export value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. As a result, the exports reached the peak of $1K; afterwards, it flattened through to 2022.

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

1. Palestine (2.2 tons)

Source: IndexBox Market Intelligence Platform