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

Contents:

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

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

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $506 per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 70% against the previous year. Over the period under review, average import prices hit record highs at $559 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.2% per year.

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

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $342 per ton, which is down by -82.7% against the previous year. In general, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 357%. Over the period under review, the average export prices reached the peak figure at $1,978 per ton in 2021, and then declined remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($1,580 per ton), while the average price for exports to China totaled $310 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-6.9%).

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

After three years of growth, overseas purchases of cereal groats and meal; of maize (corn)s decreased by -36.9% to 264 tons in 2022. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 5.3%. As a result, imports attained the peak of 418 tons, and then contracted rapidly in the following year.

In value terms, imports of cereal groats and meal; of maize (corn)s fell rapidly to $134K in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of $211K, and then reduced markedly in the following year.

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

1. India (264.0 tons)

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

In 2022, exports of cereal groats and meal; of maize (corn)s from Myanmar soared to 91 tons, increasing by 532% against 2021 figures. Over the period under review, exports, however, recorded a sharp slump.

In value terms, exports of cereal groats and meal; of maize (corn)s rose remarkably to $31K in 2022. In general, exports, however, showed a precipitous descent.

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

1. China (89.0 tons)
2. Bangladesh (2.3 tons)

Source: IndexBox Market Intelligence Platform