Price for Cereal Groats and Meal; of Maize (Corn) in Germany - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Germany (FOB) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in Germany (CIF) - 2023
- Exports of Cereal Groats and Meal; of Maize (Corn) in Germany
- Imports of Cereal Groats and Meal; of Maize (Corn) in Germany
Price for Cereal Groats and Meal; of Maize (Corn) in Germany (FOB) - 2023
The average export price for cereal groats and meal; of maize (corn)s stood at $473 per ton in October 2023, waning by -40.3% against the previous month. Overall, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in September 2023 when the average export price increased by 26% against the previous month. Over the period under review, the average export prices attained the peak figure at $796 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In October 2023, the country with the highest price was Iceland ($692 per ton), while the average price for exports to Switzerland amounted to $655 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Germany (CIF) - 2023
The average import price for cereal groats and meal; of maize (corn)s stood at $896 per ton in October 2023, increasing by 24% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.7%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 36% m-o-m. The import price peaked in October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Russia ($1,560 per ton), while the price for Serbia ($723 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 Poland (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats and Meal; of Maize (Corn) in Germany
In 2022, approx. 27K tons of cereal groats and meal; of maize (corn)s were exported from Germany; increasing by 11% on the previous year's figure. Overall, exports, however, recorded a abrupt downturn.
In value terms, exports of cereal groats and meal; of maize (corn)s soared to $15M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.4 | 2.4 | 4.0 | 5.0 | 52.9% |
| Denmark | 1.9 | 1.8 | 2.8 | 3.2 | 19.0% |
| France | 0.5 | 0.4 | 0.7 | 1.7 | 50.4% |
| Sweden | 0.8 | 1.2 | 0.9 | 1.2 | 14.5% |
| Ireland | 0.7 | 0.7 | 1.0 | 1.0 | 12.6% |
| Poland | N/A | N/A | 0.2 | 0.8 | 300.0% |
| Belgium | 1.0 | 1.2 | 1.4 | 0.4 | -26.3% |
| Norway | 4.4 | 1.0 | N/A | N/A | -77.3% |
| Others | 2.2 | 2.5 | 1.8 | 2.0 | -3.1% |
| Total | 12.9 | 11.3 | 12.7 | 15.4 | 6.1% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Germany in 2022:
- Netherlands (10.3K tons)
- Denmark (6.2K tons)
- France (3.0K tons)
- Sweden (2.1K tons)
- Ireland (1.8K tons)
- Poland (1.3K tons)
- Belgium (0.7K tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in Germany
In 2022, imports of cereal groats and meal; of maize (corn)s into Germany dropped to 13K tons, which is down by -2.7% on the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports attained the peak of 13K tons, and then contracted slightly in the following year.
In value terms, imports of cereal groats and meal; of maize (corn)s skyrocketed to $8.2M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Maize (Corn) in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.1 | 2.0 | 2.3 | 3.9 | 8.0% |
| Austria | 1.0 | 1.9 | 1.4 | 2.0 | 26.0% |
| Poland | 1.8 | 0.9 | 1.7 | 1.4 | -8.0% |
| Netherlands | 0.1 | 0.8 | 0.9 | 0.2 | 26.0% |
| Hungary | N/A | N/A | 0.1 | 0.2 | 100.0% |
| France | 0.5 | 0.5 | 0.5 | 0.1 | -41.5% |
| Others | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Total | 6.7 | 6.5 | 7.1 | 8.2 | 7.0% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Germany in 2022:
- Italy (5.7K tons)
- Poland (2.9K tons)
- Austria (2.9K tons)
- Netherlands (0.4K tons)
- Hungary (0.4K tons)
- France (0.2K tons)
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