Price for Cereal Groats and Meal; of Maize (Corn) in Malaysia - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Malaysia (CIF) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in Malaysia (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Malaysia
- Exports of Cereal Groats and Meal; of Maize (Corn) in Malaysia
Price for Cereal Groats and Meal; of Maize (Corn) in Malaysia (CIF) - 2023
The average import price for cereal groats and meal; of maize (corn)s stood at $337 per ton in December 2023, dropping by -14.5% against the previous month. Over the period under review, the import price recorded a mild downturn. The pace of growth was the most pronounced in October 2023 an increase of 38% against the previous month. The import price peaked at $505 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($819 per ton), while the price for Pakistan ($224 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Maize (Corn) in Malaysia (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $675 per ton, shrinking by -8.8% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of maize (corn)s decreased by -33.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 59% against the previous year. Over the period under review, the average export prices attained the maximum at $1,017 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($822 per ton), while the average price for exports to Taiwan (Chinese) ($613 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 Cambodia (+56.0%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Groats and Meal; of Maize (Corn) in Malaysia
In 2022, supplies from abroad of cereal groats and meal; of maize (corn)s was finally on the rise to reach 204K tons after two years of decline. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of maize (corn)s surged to $77M in 2022. Overall, imports posted a significant increase. 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1.2 | 1.1 | 0.9 | 50.2 | 247.1% |
| Pakistan | N/A | N/A | 0.1 | 9.8 | 9700.0% |
| India | 0.1 | N/A | 0.2 | 6.0 | 291.5% |
| China | 0.3 | 0.3 | 0.2 | 5.8 | 168.4% |
| Others | 0.6 | 0.6 | 0.4 | 4.7 | 98.6% |
| Total | 2.2 | 2.0 | 1.7 | 76.6 | 226.5% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Malaysia in 2022:
- Argentina (138.6K tons)
- Pakistan (31.4K tons)
- India (19.0K tons)
- China (6.7K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Malaysia
In 2022, overseas shipments of cereal groats and meal; of maize (corn)s were finally on the rise to reach 247 tons after two years of decline. Overall, exports, however, faced a abrupt downturn.
In value terms, exports of cereal groats and meal; of maize (corn)s contracted modestly to $167K in 2022. In general, exports, however, faced a dramatic descent.
| Export of Cereal Groats and Meal; of Maize (Corn) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 146 | 27.3 | 71.4 | 85.7 | -16.3% |
| Taiwan (Chinese) | 44.5 | 17.5 | 37.7 | 73.6 | 18.3% |
| Vietnam | 28.7 | 1.6 | 7.7 | 7.6 | -35.8% |
| Thailand | 158 | 195 | N/A | N/A | 23.4% |
| Brunei Darussalam | N/A | N/A | 52.3 | N/A | 0% |
| Indonesia | 28.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 406 | 241 | 169 | 167 | -25.6% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Malaysia in 2022:
- Taiwan (Chinese) (120.0 tons)
- Singapore (118.0 tons)
- Vietnam (9.2 tons)
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