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

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

The average export price for cereal groats and meal; of maize (corn)s stood at $205 per ton in 2022, dropping by -5.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 44%. The export price peaked at $302 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($210 per ton), while the average price for exports to Afghanistan amounted to $204 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+0.3%).

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

The average import price for cereal groats and meal; of maize (corn)s stood at $392 per ton in 2022, growing by 15% against the previous year. Overall, the import price, however, saw a perceptible setback. Over the period under review, average import prices hit record highs at $693 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -2.5% per year.

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

In 2022, shipments abroad of cereal groats and meal; of maize (corn)s was finally on the rise to reach 13K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback.

In value terms, exports of cereal groats and meal; of maize (corn)s skyrocketed to $2.8M in 2022. Overall, exports, however, continue to indicate a abrupt decrease.

Export of Cereal Groats and Meal; of Maize (Corn) in Iran (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Afghanistan	2.7	2.1	1.2	2.0	-9.5%
Iraq	0.8	0.6	0.7	0.7	-4.4%
Others	0.1	0.1	N/A	N/A	0.0%
Total	3.6	2.7	2.0	2.8	-8.0%

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

Afghanistan (9.9K tons)
Iraq (3.4K tons)

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

For the third consecutive year, Iran recorded decline in overseas purchases of cereal groats and meal; of maize (corn)s, which decreased by -11.2% to 72 tons in 2022. In general, imports recorded a abrupt slump. The smallest decline of -5.8% was in 2020.

In value terms, imports of cereal groats and meal; of maize (corn)s expanded to $28K in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.