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

Contents:

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

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

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $558 per ton, rising by 33% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to -1.5% per year.

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

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $732 per ton, rising by 22% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. As a result, the export price reached the peak level of $891 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($794 per ton), while the average price for exports to Ukraine ($537 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+4.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, after three years of growth, there was decline in supplies from abroad of cereal groats and meal; of maize (corn)s, when their volume decreased by -1.8% to 2.9K tons. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year.

In value terms, imports of cereal groats and meal; of maize (corn)s skyrocketed to $1.6M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cereal Groats and Meal; of Maize (Corn) in Kazakhstan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia8187101,1541,63726.0%
Pakistan4.310.515.4N/A89.2%
Ukraine18734079.3N/A-34.9%
Others8.37.27.8N/A-3.1%
Total1,0181,0681,2561,63717.2%

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

  1. Russia (2.9K tons)

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

In 2022, approx. 10 tons of cereal groats and meal; of maize (corn)s were exported from Kazakhstan; jumping by 27% on the year before. Overall, exports, however, showed a abrupt contraction.

In value terms, exports of cereal groats and meal; of maize (corn)s surged to $7.4K in 2022. In general, exports, however, recorded a drastic downturn.

Export of Cereal Groats and Meal; of Maize (Corn) in Kazakhstan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1.40.30.46.163.3%
TurkmenistanN/AN/AN/A1.10%
UkraineN/AN/AN/A0.20%
Mongolia2.70.80.9N/A-42.3%
Kyrgyzstan5.26.23.5N/A-18.0%
OthersN/AN/AN/AN/A0%
Total9.47.34.77.4-7.7%

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

  1. Russia (8.4 tons)
  2. Turkmenistan (1.4 tons)
  3. Ukraine (0.3 tons)

Source: IndexBox Market Intelligence Platform

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