Price for Cereal Groats and Meal; of Maize (Corn) in Serbia - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Serbia (FOB) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in Serbia (CIF) - 2022
- Exports of Cereal Groats and Meal; of Maize (Corn) in Serbia
- Imports of Cereal Groats and Meal; of Maize (Corn) in Serbia
Price for Cereal Groats and Meal; of Maize (Corn) in Serbia (FOB) - 2023
In November 2023, the average export price for cereal groats and meal; of maize (corn)s amounted to $376 per ton, with an increase of 8.1% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices reached the peak figure at $482 per ton in January 2023; however, from February 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Bulgaria ($466 per ton), while the average price for exports to Montenegro ($256 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Maize (Corn) in Serbia (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $639 per ton in 2022, increasing by 7.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 379%. As a result, import price reached the peak level of $2,613 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($2,083 per ton), while the price for Hungary ($456 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Groats and Meal; of Maize (Corn) in Serbia
Exports of cereal groats and meal; of maize (corn)s from Serbia surged to 25K tons in 2022, rising by 25% compared with 2021. The total export volume increased at an average annual rate of +7.9% 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 surged to $10M in 2022. Overall, exports enjoyed a significant increase. 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 Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 0.1 | 0.1 | 0.9 | 3.9 | 239.1% |
| North Macedonia | 0.9 | 1.0 | 1.7 | 2.1 | 32.6% |
| Montenegro | 1.8 | 2.0 | 2.3 | 1.8 | 0.0% |
| Bosnia and Herzegovina | 1.3 | 1.4 | 1.4 | 1.2 | -2.6% |
| Slovenia | 0.4 | 0.3 | 0.3 | 0.5 | 7.7% |
| Hungary | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 4.6 | 4.9 | 6.8 | 10.0 | 29.5% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Serbia in 2022:
- Croatia (10.1K tons)
- Montenegro (4.9K tons)
- North Macedonia (4.8K tons)
- Bosnia and Herzegovina (3.1K tons)
- Slovenia (1.1K tons)
- Hungary (0.7K tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in Serbia
In 2022, approx. 318 tons of cereal groats and meal; of maize (corn)s were imported into Serbia; rising by 53% compared with the year before. In general, imports showed 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 skyrocketed to $203K in 2022. Over the period under review, imports continue to indicate a significant expansion. 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 Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 48.3 | 80.1 | 86.4 | 103 | 28.7% |
| Slovenia | N/A | N/A | 6.3 | 56.6 | 798.4% |
| Germany | 22.1 | 17.5 | 26.0 | 27.5 | 7.6% |
| Hungary | N/A | N/A | N/A | 11.2 | 0% |
| Croatia | 11.5 | N/A | N/A | N/A | 0% |
| Others | 3.7 | 4.5 | 5.0 | 5.3 | 12.7% |
| Total | 85.7 | 102 | 124 | 203 | 33.3% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Serbia in 2022:
- Romania (158.8 tons)
- Slovenia (118.0 tons)
- Hungary (24.5 tons)
- Germany (14.3 tons)
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