Price for Cereal Groats and Meal; of Maize (Corn) in Slovakia - 2023

Contents:

1. Price for Cereal Groats and Meal; of Maize (Corn) in Slovakia (FOB) - 2022
2. Price for Cereal Groats and Meal; of Maize (Corn) in Slovakia (CIF) - 2023
3. Exports of Cereal Groats and Meal; of Maize (Corn) in Slovakia
4. Imports of Cereal Groats and Meal; of Maize (Corn) in Slovakia

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

The average export price for cereal groats and meal; of maize (corn)s stood at $367 per ton in 2022, picking up by 18% against the previous year. Overall, the export price, however, saw a noticeable decrease. The export price peaked at $475 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($415 per ton), while the average price for exports to the Czech Republic ($364 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-1.7%).

Price for Cereal Groats and Meal; of Maize (Corn) in Slovakia (CIF) - 2023

The average import price for cereal groats and meal; of maize (corn)s stood at $469 per ton in September 2023, dropping by -45.8% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 33% month-to-month. As a result, import price attained the peak level of $1,001 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Hungary ($521 per ton), while the price for Ukraine ($360 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the amount of cereal groats and meal; of maize (corn)s exported from Slovakia skyrocketed to 3.7K tons, rising by 91% against the year before. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 107%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of cereal groats and meal; of maize (corn)s soared to $1.4M in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Czech Republic (2.7K tons)
2. Austria (1.0K tons)

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

In 2022, the amount of cereal groats and meal; of maize (corn)s imported into Slovakia amounted to 1.5K tons, increasing by 7.8% compared with the previous year. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained 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 declined slightly to $864K in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $884K, and then reduced slightly in the following year.

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

1. Hungary (1349.9 tons)
2. Poland (121.8 tons)
3. Czech Republic (14.9 tons)

Source: IndexBox Market Intelligence Platform