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

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

In October 2023, the average import price for cereal groats and meal; of maize (corn)s amounted to $388 per ton, growing by 2.2% against the previous month. In general, the import price, however, showed a pronounced shrinkage. The growth pace was the most rapid in April 2023 when the average import price increased by 172% month-to-month. The import price peaked at $1,919 per ton in February 2023; however, from March 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was South Africa ($1,694 per ton), while the price for the UK ($335 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 South Africa (+3.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cereal groats and meal; of maize (corn)s stood at $448 per ton in 2022, waning by -9.9% against the previous year. Over the period under review, the export price, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 65% against the previous year. The export price peaked at $812 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -3.2% per year.

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

In 2022, supplies from abroad of cereal groats and meal; of maize (corn)s was finally on the rise to reach 386 tons after two years of decline. Over the period under review, imports, however, recorded a abrupt decline.

In value terms, imports of cereal groats and meal; of maize (corn)s soared to $341K in 2022. In general, imports, however, continue to indicate a abrupt shrinkage.

Import of Cereal Groats and Meal; of Maize (Corn) in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	1.0	1.5	128	140	419.2%
Germany	N/A	N/A	70.5	120	70.2%
United Kingdom	242	281	56.1	45.4	-42.8%
Zimbabwe	N/A	N/A	1.1	10.6	863.6%
Netherlands	9.4	8.7	10.0	10.2	2.8%
Argentina	N/A	N/A	1.9	8.4	342.1%
France	143	125	2.2	0.9	-81.5%
Others	59.1	11.9	18.1	6.2	-52.8%
Total	455	428	288	341	-9.2%

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

Germany (180.6 tons)
South Africa (121.9 tons)
United Kingdom (39.6 tons)
Netherlands (17.0 tons)
Argentina (10.8 tons)
Zimbabwe (8.1 tons)
France (2.2 tons)

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

In 2022, the amount of cereal groats and meal; of maize (corn)s exported from Ireland surged to 1.6 tons, picking up by 213% compared with the previous year. Overall, exports, however, continue to indicate a sharp downturn.

In value terms, exports of cereal groats and meal; of maize (corn)s surged to $724 in 2022. Over the period under review, exports, however, saw a sharp decrease.