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

Contents:

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

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

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $268 per ton, dropping by -38.5% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 96%. Over the period under review, the average export prices hit record highs at $920 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Turkey ($3,333 per ton), while the average price for exports to Armenia ($239 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 Turkey (+124.1%), while the prices for the other major destinations experienced a decline.

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

In 2021, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $1,120 per ton, increasing by 154% against the previous year. Overall, the import price continues to indicate a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($1,460 per ton), while the price for Belarus ($814 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 77K tons of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) were exported from Russia; growing by 2,147% against the previous year. Over the period under review, exports saw significant growth. As a result, the exports attained 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) soared to $21M in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
GeorgiaN/AN/A0.115.915800.0%
AzerbaijanN/AN/A0.12.32200.0%
MongoliaN/A0.80.81.432.3%
ArmeniaN/AN/A0.10.7600.0%
Others0.30.30.40.2-12.6%
Total0.31.11.520.5308.8%

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

  1. Georgia (60.8K tons)
  2. Azerbaijan (8.2K tons)
  3. Mongolia (4.5K tons)
  4. Armenia (2.8K tons)

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

Imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) into Russia skyrocketed to 9.4 tons in 2021, with an increase of 13,734% on the previous year. Over the period under review, imports recorded a significant increase. 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) soared to $11K in 2021. Overall, imports recorded significant growth. As a result, imports attained 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 Russia (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
United States2.7N/A3.17.2%
FinlandN/AN/A3.00%
BelarusN/AN/A1.50%
OthersN/AN/A3.00%
Total2.7N/A10.597.2%

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

  1. United States (3.5 tons)
  2. Finland (2.0 tons)
  3. Belarus (1.8 tons)

Source: IndexBox Market Intelligence Platform

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