Price for Cereal Groats and Meal; of Maize (Corn) in Egypt - 2023

Contents:

1. Price for Cereal Groats and Meal; of Maize (Corn) in Egypt (CIF) - 2022
2. Price for Cereal Groats and Meal; of Maize (Corn) in Egypt (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Maize (Corn) in Egypt
4. Exports of Cereal Groats and Meal; of Maize (Corn) in Egypt

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

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $571 per ton, growing by 18% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43%. The import price peaked at $623 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($571 per ton), while the price for Italy stood at $571 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $470 per ton, jumping by 18% against the previous year. Overall, export price indicated a moderate expansion from 2013 to 2022: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of maize (corn)s increased by +57.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($470 per ton) and Saudi Arabia ($470 per ton), while the average price for exports to Sudan ($470 per ton) and Israel ($470 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+54.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of cereal groats and meal; of maize (corn)s decreased by -51.5% to 4.9K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. As a result, imports attained the peak of 14K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal groats and meal; of maize (corn)s declined dramatically to $2.8M in 2022. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 11%. As a result, imports attained the peak of $5.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Turkey (4.9K tons)

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

Exports of cereal groats and meal; of maize (corn)s from Egypt dropped dramatically to 2.9K tons in 2022, which is down by -29.1% against the previous year's figure. Overall, exports continue to indicate a sharp reduction. The smallest decline of -13.4% was in 2021.

In value terms, exports of cereal groats and meal; of maize (corn)s reduced notably to $1.4M in 2022. In general, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 0.2%.

Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Egypt in 2022:

1. Sudan (1957.8 tons)
2. Palestine (355.7 tons)
3. Israel (205.9 tons)
4. Saudi Arabia (197.2 tons)
5. Yemen (75.2 tons)
6. Oman (46.1 tons)
7. Jordan (43.2 tons)

Source: IndexBox Market Intelligence Platform