Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea - 2022
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea (CIF) - 2022
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea (FOB) - 2022
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea (CIF) - 2022
The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $507 per ton in December 2022, rising by 2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in September 2022 when the average import price increased by 5.7% against the previous month. Over the period under review, average import prices attained the peak figure in December 2022.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Brazil ($669 per ton), while the price for India ($496 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.0%), 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 South Korea (FOB) - 2022
In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $4,401 per ton, rising by 935% against the previous year. Overall, the export price, however, showed a perceptible decrease. The export price peaked at $6,178 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to +3.2% per year.
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea
In 2022, after three years of growth, there was significant decline in supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), when their volume decreased by -18.7% to 14K tons. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 7.5%.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) declined to $6.2M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.0 | 4.6 | 6.2 | 6.1 | 6.9% |
| Brazil | 1.0 | 1.8 | 0.6 | 0.1 | -53.6% |
| Australia | N/A | 0.5 | 0.2 | 0.1 | -55.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.0 | 6.9 | 6.9 | 6.2 | 1.1% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to South Korea in 2022:
- India (13.7K tons)
- Brazil (0.1K tons)
- Australia (0.1K tons)
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea
In 2022, overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -98.3% to 995 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 751% against the previous year. As a result, the exports attained the peak of 485 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) shrank significantly to $4.4K in 2022. In general, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 948% against the previous year. As a result, the exports attained the peak of $212K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 6.7 | 2.1 | 4.4 | -19.0% |
| India | 20.2 | 206 | 22.2 | N/A | 4.8% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 20.3 | 212 | 24.5 | 4.4 | -39.9% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from South Korea in 2022:
- China (995.0 kg)
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