Price for Cereal Groats and Meal; of Maize (Corn) in Algeria - 2022

Price for Cereal Groats and Meal; of Maize (Corn) in Algeria (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $519 per ton, increasing by 29% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The import price peaked at $620 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Belgium ($614 per ton), while the price for Turkey ($357 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Maize (Corn) in Algeria (FOB) - 2022

The average export price for cereal groats and meal; of maize (corn)s stood at $949 per ton in 2022, shrinking by -20.9% against the previous year. Overall, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 42%. The export price peaked at $1,707 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,323 per ton), while the average price for exports to Niger stood at $347 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.7%).

Imports of Cereal Groats and Meal; of Maize (Corn) in Algeria

For the fourth year in a row, Algeria recorded growth in overseas purchases of cereal groats and meal; of maize (corn)s, which increased by 79% to 9.4K tons in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 404%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of cereal groats and meal; of maize (corn)s skyrocketed to $4.9M in 2022. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 502%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Cereal Groats and Meal; of Maize (Corn) in Algeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	49.2	165	276	1,214	191.1%
France	131	476	703	1,074	101.6%
Turkey	8.8	195	487	774	344.7%
Ukraine	7.2	43.6	192	295	244.7%
Spain	6.3	33.2	36.6	46.5	94.7%
Others	36.2	526	420	1,481	244.6%
Total	239	1,439	2,114	4,884	173.4%

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Algeria in 2022:

France (2.3K tons)
Turkey (2.2K tons)
Belgium (2.0K tons)
Ukraine (0.6K tons)
Spain (0.1K tons)

Exports of Cereal Groats and Meal; of Maize (Corn) in Algeria

For the fourth consecutive year, Algeria recorded growth in shipments abroad of cereal groats and meal; of maize (corn)s, which increased by 37% to 52 tons in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 68% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of cereal groats and meal; of maize (corn)s rose sharply to $50K in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 46%. The exports peaked in 2022 and are expected to retain growth in the immediate term.