Price for Cereal Groats and Meal; of Maize (Corn) in Romania - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Romania (CIF) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in Romania (FOB) - 2023
- Imports of Cereal Groats and Meal; of Maize (Corn) in Romania
- Exports of Cereal Groats and Meal; of Maize (Corn) in Romania
Price for Cereal Groats and Meal; of Maize (Corn) in Romania (CIF) - 2023
In October 2023, the average import price for cereal groats and meal; of maize (corn)s amounted to $377 per ton, which is down by -32.7% against the previous month. Over the period under review, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in December 2022 an increase of 15% against the previous month. The import price peaked at $727 per ton in July 2023; however, from August 2023 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From October 2022 to October 2023, the rate of growth in terms of prices for Austria amounted to +2.5% per month.
Price for Cereal Groats and Meal; of Maize (Corn) in Romania (FOB) - 2023
The average export price for cereal groats and meal; of maize (corn)s stood at $587 per ton in October 2023, increasing by 92% against the previous month. Overall, export price indicated a notable increase from October 2022 to October 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for cereal groats and meal; of maize (corn)s increased by +91.7% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In October 2023, the country with the highest price was the UK ($701 per ton), while the average price for exports to Moldova totaled $584 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Maize (Corn) in Romania
In 2022, approx. 22K tons of cereal groats and meal; of maize (corn)s were imported into Romania; rising by 2.8% compared with 2021 figures. The total import volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of cereal groats and meal; of maize (corn)s skyrocketed to $11M in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 55% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Cereal Groats and Meal; of Maize (Corn) in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 3.9 | 3.3 | 5.4 | 7.4 | 23.8% |
| Greece | 1.3 | 1.4 | 1.6 | 2.0 | 15.4% |
| Italy | 0.2 | 0.3 | 0.5 | 0.4 | 26.0% |
| Bulgaria | 0.5 | 0.2 | 0.7 | 0.2 | -26.3% |
| Ukraine | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Total | 6.0 | 5.4 | 8.4 | 10.6 | 20.9% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Romania in 2022:
- Hungary (17.0K tons)
- Greece (3.2K tons)
- Italy (0.5K tons)
- Bulgaria (0.5K tons)
- Ukraine (0.3K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Romania
Exports of cereal groats and meal; of maize (corn)s from Romania soared to 9.7K tons in 2022, growing by 28% against 2021. The total export volume increased at an average annual rate of +13.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of maize (corn)s skyrocketed to $4.6M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 236 | 696 | 468 | 1,268 | 75.1% |
| Cameroon | 208 | 769 | 1,598 | 1,037 | 70.8% |
| Angola | 365 | 340 | N/A | 701 | 24.3% |
| Poland | 255 | 308 | 448 | 446 | 20.5% |
| Moldova | 220 | 230 | 264 | 329 | 14.4% |
| Bulgaria | 150 | 172 | 125 | 310 | 27.4% |
| Gabon | 109 | 32.5 | N/A | 260 | 33.6% |
| Hungary | 331 | 150 | 9.7 | 48.0 | -47.5% |
| Others | 70.7 | 115 | 86.4 | 227 | 47.5% |
| Total | 1,945 | 2,813 | 2,999 | 4,626 | 33.5% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Romania in 2022:
- Cote d'Ivoire (2.7K tons)
- Cameroon (2.1K tons)
- Poland (1.3K tons)
- Angola (1.2K tons)
- Bulgaria (0.9K tons)
- Moldova (0.6K tons)
- Gabon (0.5K tons)
- Hungary (0.1K tons)
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