Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal - 2023
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal (CIF) - 2023
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal (FOB) - 2022
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal (CIF) - 2023
The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $714 per ton in October 2023, surging by 11% against the previous month. Over the period under review, import price indicated a temperate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by +10.5% against September 2023 indices. The pace of growth was the most pronounced in March 2023 an increase of 98% m-o-m. As a result, import price reached the peak level of $930 per ton. From April 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,066 per ton), while the price for France ($461 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal (FOB) - 2022
The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $648 per ton in 2022, dropping by -37.8% against the previous year. In general, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices hit record highs at $1,298 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($712 per ton), while the average price for exports to Spain amounted to $620 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (+17.2%).
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal
In 2022, purchases abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) was finally on the rise to reach 4.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $2.3M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,499 | 1,082 | 1,144 | 1,617 | 2.6% |
| Brazil | 150 | 145 | 125 | 205 | 11.0% |
| Belgium | 157 | 243 | 332 | 192 | 6.9% |
| Italy | 31.6 | 58.5 | 73.2 | 188 | 81.2% |
| France | 40.6 | 29.3 | 25.5 | 47.8 | 5.6% |
| Others | 8.5 | 19.1 | 29.4 | 35.7 | 61.3% |
| Total | 1,887 | 1,578 | 1,730 | 2,286 | 6.6% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Portugal in 2022:
- Spain (3578.5 tons)
- Brazil (215.2 tons)
- Italy (174.6 tons)
- France (83.4 tons)
- Belgium (69.3 tons)
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal
In 2022, overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were finally on the rise to reach 1.7K tons after two years of decline. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) surged to $1.1M in 2022. Over the period under review, exports, however, continue to indicate a perceptible curtailment.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 58.1 | 58.9 | 21.0 | 1,018 | 159.7% |
| Cabo Verde | 0.5 | 8.2 | 3.5 | 39.5 | 329.1% |
| France | 1,060 | 5.9 | 13.8 | 10.9 | -78.3% |
| Bulgaria | 87.6 | N/A | N/A | N/A | 0% |
| Others | 77.3 | 15.8 | 20.5 | 64.0 | -6.1% |
| Total | 1,283 | 88.8 | 58.8 | 1,132 | -4.1% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Portugal in 2022:
- Spain (1641.8 tons)
- Cabo Verde (55.4 tons)
- France (5.0 tons)
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