Price for Cereal Groats and Meal; of Maize (Corn) in France - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in France (FOB) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in France (CIF) - 2023
- Exports of Cereal Groats and Meal; of Maize (Corn) in France
- Imports of Cereal Groats and Meal; of Maize (Corn) in France
Price for Cereal Groats and Meal; of Maize (Corn) in France (FOB) - 2023
The average export price for cereal groats and meal; of maize (corn)s stood at $1,207 per ton in October 2023, growing by 51% against the previous month. In general, export price indicated resilient growth from October 2022 to October 2023: its price increased at an average monthly rate of +7.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for cereal groats and meal; of maize (corn)s increased by +61.5% against July 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($1,488 per ton), while the average price for exports to Taiwan (Chinese) ($790 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in France (CIF) - 2023
In October 2023, the average import price for cereal groats and meal; of maize (corn)s amounted to $779 per ton, falling by -10.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in January 2023 an increase of 24% m-o-m. The import price peaked at $890 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($2,827 per ton), while the price for Haiti ($357 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats and Meal; of Maize (Corn) in France
In 2022, approx. 52K tons of cereal groats and meal; of maize (corn)s were exported from France; which is down by -3.4% against 2021. The total export volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 12%. As a result, the exports attained the peak of 53K tons, and then declined modestly in the following year.
In value terms, exports of cereal groats and meal; of maize (corn)s reached $28M in 2022. The total export value increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Cereal Groats and Meal; of Maize (Corn) in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.1 | 4.2 | 4.8 | 6.9 | 18.9% |
| Belgium | 7.9 | 6.1 | 6.1 | 6.8 | -4.9% |
| United Kingdom | 4.5 | 7.2 | 6.3 | 6.4 | 12.5% |
| Denmark | 1.3 | 1.2 | 1.7 | 1.5 | 4.9% |
| Cameroon | 0.8 | 0.7 | 1.6 | 1.3 | 17.6% |
| Germany | 0.6 | 0.8 | 0.9 | 1.1 | 22.4% |
| Greece | 1.1 | 1.3 | 2.1 | 1.1 | 0.0% |
| Others | 2.7 | 1.9 | 4.1 | 3.0 | 3.6% |
| Total | 23.0 | 23.4 | 27.6 | 28.0 | 6.8% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from France in 2022:
- Belgium (16.4K tons)
- Spain (15.2K tons)
- United Kingdom (8.4K tons)
- Cameroon (2.4K tons)
- Denmark (2.2K tons)
- Greece (1.4K tons)
- Germany (1.1K tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in France
In 2022, overseas purchases of cereal groats and meal; of maize (corn)s decreased by -4.3% to 11K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 1.9%. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereal groats and meal; of maize (corn)s stood at $6.8M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Cereal Groats and Meal; of Maize (Corn) in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3,107 | 3,199 | 2,851 | 2,659 | -5.1% |
| Belgium | 657 | 948 | 1,310 | 1,406 | 28.9% |
| Germany | 422 | 313 | 421 | 1,053 | 35.6% |
| Poland | 414 | 815 | 1,346 | 1,045 | 36.2% |
| Argentina | N/A | N/A | 26.1 | 147 | 463.2% |
| Spain | 970 | 855 | 141 | 48.8 | -63.1% |
| United Kingdom | 260 | 447 | 112 | 42.8 | -45.2% |
| Others | 166 | 177 | 154 | 375 | 31.2% |
| Total | 5,996 | 6,753 | 6,361 | 6,777 | 4.2% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to France in 2022:
- Belgium (3.5K tons)
- Italy (3.2K tons)
- Germany (2.0K tons)
- Poland (1.9K tons)
- Argentina (0.3K tons)
- United Kingdom (0.1K tons)
- Spain (0.1K tons)
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