Price for Cereal Groats and Meal; of Maize (Corn) in Thailand - 2024
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Thailand (CIF) - 2024
- Price for Cereal Groats and Meal; of Maize (Corn) in Thailand (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Thailand
- Exports of Cereal Groats and Meal; of Maize (Corn) in Thailand
Price for Cereal Groats and Meal; of Maize (Corn) in Thailand (CIF) - 2024
The average import price for cereal groats and meal; of maize (corn)s stood at $439 per ton in January 2024, growing by 36% against the previous month. Over the period under review, the import price, however, recorded a mild downturn. Over the period under review, average import prices attained the peak figure at $534 per ton in August 2023; however, from September 2023 to January 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From January 2023 to January 2024, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to 0.0% per month.
Price for Cereal Groats and Meal; of Maize (Corn) in Thailand (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $1,304 per ton in 2022, rising by 14% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth appeared the most rapid in 2016 an increase of 189% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,321 per ton), while the average price for exports to Lao People's Democratic Republic ($1,084 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 the Philippines (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Maize (Corn) in Thailand
In 2022, approx. 2.4K tons of cereal groats and meal; of maize (corn)s were imported into Thailand; picking up by 365% against 2021. Over the period under review, imports enjoyed 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 $853K in 2022. Overall, imports showed 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 Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 256 | 435 | 177 | 775 | 44.7% |
| South Africa | 54.2 | 52.9 | N/A | N/A | -2.4% |
| Others | 3.6 | 4.8 | 6.6 | 77.6 | 178.3% |
| Total | 314 | 493 | 183 | 853 | 39.5% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Thailand in 2022:
- India (2.4K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Thailand
In 2022, exports of cereal groats and meal; of maize (corn)s from Thailand fell markedly to 216 tons, declining by -50.3% on the year before. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 672% against the previous year. As a result, the exports reached the peak of 436 tons, and then contracted notably in the following year.
In value terms, exports of cereal groats and meal; of maize (corn)s contracted dramatically to $282K in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 680% against the previous year. As a result, the exports attained the peak of $500K, and then shrank notably in the following year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | 57.5 | 463 | 224 | 97.4% |
| Philippines | N/A | N/A | 29.7 | 49.9 | 68.0% |
| Lao People's Democratic Republic | 1.8 | 6.5 | 4.0 | 5.1 | 41.5% |
| India | 24.3 | N/A | N/A | N/A | 0% |
| Others | 0.5 | N/A | 2.3 | 2.9 | 79.7% |
| Total | 26.7 | 64.0 | 500 | 282 | 119.4% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Thailand in 2022:
- Malaysia (169.9 tons)
- Philippines (40.0 tons)
- Lao People's Democratic Republic (4.7 tons)
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