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

Contents:

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

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

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $4,735 per ton in 2022, picking up by 1,851% against the previous year. Over the period under review, the import price recorded a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($13,831 per ton), while the price for India ($1,249 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.5%), 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 Singapore (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $2,359 per ton, increasing by 728% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $4,997 per ton in 2018; however, from 2019 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 Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +7.7% per year.

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

For the third consecutive year, Singapore recorded decline in supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), which decreased by -99.8% to 8.5 tons in 2022. In general, imports saw a precipitous descent. The smallest decline of -10% was in 2020.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) contracted rapidly to $40K in 2022. Overall, imports saw a precipitous decline. The smallest decline of -44% was in 2020.

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

1. India (5.0 tons)
2. Japan (2.1 tons)
3. Australia (1.3 tons)

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

In 2022, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Singapore surged to 820 kg, growing by 310% compared with 2021 figures. In general, exports saw a significant increase. 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 $1.9K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Indonesia (820.0 kg)

Source: IndexBox Market Intelligence Platform