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

Contents:

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

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

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $632 per ton in 2022, growing by 9.3% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The growth pace was the most rapid in 2020 when the average import price increased by 33%. The import price peaked at $826 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($708 per ton), while the price for Brazil totaled $421 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-2.1%).

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

In 2022, purchases abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -0.6% to 22 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. As a result, imports reached the peak of 67 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) rose sharply to $14K in 2022. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 97% against the previous year. As a result, imports reached the peak of $49K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain17.027.610.811.4-12.5%
Brazil7.721.72.22.6-30.4%
Others0.30.1N/A0.1-30.7%
Total25.049.312.914.1-17.4%

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

  1. Spain (16.1 tons)
  2. Brazil (6.1 tons)

Source: IndexBox Market Intelligence Platform

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