Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States - 2023
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States (FOB) - 2023
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States (CIF) - 2023
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States (FOB) - 2023
The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $457 per ton in December 2023, growing by 2.8% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 4.6% month-to-month. As a result, the export price attained the peak level of $535 per ton. From May 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In December 2023, the countries with the highest prices were Trinidad and Tobago ($620 per ton) and Canada ($591 per ton), while the average price for exports to Mexico ($443 per ton) and Australia ($470 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States (CIF) - 2023
In December 2023, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $309 per ton, shrinking by -10.5% against the previous month. Overall, the import price recorded a mild setback. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 54% month-to-month. Over the period under review, average import prices hit record highs at $568 per ton in October 2023; however, from November 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Peru ($520 per ton), while the price for Turkey ($298 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (-1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States
In 2022, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from the United States soared to 147K tons, growing by 17% on 2021 figures. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. 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) surged to $81M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2019 indices. As a result, the exports reached 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 42.5 | 49.8 | 58.6 | 73.7 | 20.1% |
| Canada | 0.8 | 1.6 | 1.9 | 2.8 | 51.8% |
| Australia | 1.7 | 1.0 | 0.7 | 1.4 | -6.3% |
| Trinidad and Tobago | 1.2 | 1.6 | 1.4 | 1.3 | 2.7% |
| Others | 0.5 | 0.3 | 0.3 | 1.4 | 40.9% |
| Total | 46.6 | 54.2 | 62.8 | 80.6 | 20.0% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from the United States in 2022:
- Mexico (132.0K tons)
- Canada (6.5K tons)
- Australia (2.9K tons)
- Trinidad and Tobago (2.5K tons)
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States
In 2022, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) into the United States shrank to 175K tons, with a decrease of -10.6% compared with the previous year's figure. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) surged to $68M in 2022. Overall, imports faced a abrupt descent.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 92.5 | 41.2 | 48.0 | 61.0 | -13.0% |
| Canada | 4.3 | 3.3 | 4.1 | 4.7 | 3.0% |
| Others | 3.4 | 2.7 | 2.0 | 2.2 | -13.5% |
| Total | 100 | 47.2 | 54.1 | 67.9 | -12.1% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to the United States in 2022:
- Turkey (163.6K tons)
- Canada (9.9K tons)
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