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

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Japan (CIF) - 2023
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Japan (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Japan
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Japan

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

In November 2023, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $491 per ton, surging by 6.3% against the previous month. Overall, the import price, however, showed a slight contraction. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 77% m-o-m. As a result, import price reached the peak level of $1,096 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Argentina ($1,154 per ton), while the price for India totaled $432 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Argentina (-0.1%), 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 Japan (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $1,109 per ton in 2022, waning by -5.9% against the previous year. Overall, the export price faced a deep slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 6.4%. The export price peaked at $3,608 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -11.1% per year.

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

In 2022, overseas purchases of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -3.6% to 5.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 32%.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) rose markedly to $2.9M in 2022. The total import value increased at an average annual rate of +14.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

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

1. India (4525.9 tons)
2. United States (638.2 tons)
3. Canada (124.5 tons)
4. Brazil (118.0 tons)
5. Argentina (91.0 tons)

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

Exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Japan soared to 44 tons in 2022, picking up by 83% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt curtailment.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $49K in 2022. Overall, exports, however, showed a deep downturn.

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

1. Hong Kong SAR (44.0 tons)

Source: IndexBox Market Intelligence Platform