Price for Cereal Groats and Meal; of Maize (Corn) in the Czech Republic - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in the Czech Republic (CIF) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in the Czech Republic (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in the Czech Republic
- Exports of Cereal Groats and Meal; of Maize (Corn) in the Czech Republic
Price for Cereal Groats and Meal; of Maize (Corn) in the Czech Republic (CIF) - 2023
In October 2023, the average import price for cereal groats and meal; of maize (corn)s amounted to $626 per ton, picking up by 5.1% against the previous month. Over the period under review, import price indicated perceptible growth from October 2022 to October 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cereal groats and meal; of maize (corn)s increased by +7.1% against August 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 33% month-to-month. As a result, import price attained the peak level of $879 per ton. From April 2023 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($1,783 per ton), while the price for Slovakia ($445 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in the Czech Republic (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $1,511 per ton, shrinking by -40.8% against the previous year. Overall, the export price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 71% against the previous year. The export price peaked at $2,552 per ton in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($1,968 per ton), while the average price for exports to Poland ($1,240 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 Austria (+6.0%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Groats and Meal; of Maize (Corn) in the Czech Republic
Imports of cereal groats and meal; of maize (corn)s into the Czech Republic totaled 8.5K tons in 2022, increasing by 8.5% against 2021 figures. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cereal groats and meal; of maize (corn)s soared to $3.9M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2019 indices. 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 the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,366 | 1,544 | 1,359 | 1,874 | 11.1% |
| Slovakia | 341 | 357 | 594 | 882 | 37.3% |
| Italy | 451 | 79.1 | 111 | 570 | 8.1% |
| Germany | 92.8 | 108 | 149 | 375 | 59.3% |
| Hungary | 116 | 419 | 527 | 150 | 8.9% |
| Others | 18.9 | 59.8 | 17.2 | 26.7 | 12.2% |
| Total | 2,386 | 2,567 | 2,758 | 3,879 | 17.6% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to the Czech Republic in 2022:
- Poland (4.7K tons)
- Slovakia (2.4K tons)
- Italy (0.6K tons)
- Germany (0.3K tons)
- Hungary (0.3K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in the Czech Republic
In 2022, the amount of cereal groats and meal; of maize (corn)s exported from the Czech Republic skyrocketed to 82 tons, rising by 74% compared with the previous year's figure. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 expanded modestly to $125K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $129K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cereal Groats and Meal; of Maize (Corn) in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 48.2 | 47.1 | 43.4 | 47.5 | -0.5% |
| Poland | 22.5 | 59.3 | 57.0 | 43.1 | 24.2% |
| Germany | 4.1 | 20.3 | 18.5 | 26.9 | 87.2% |
| Austria | N/A | N/A | N/A | 3.5 | 0% |
| Latvia | 2.4 | 0.8 | 0.8 | 0.6 | -37.0% |
| Others | 3.3 | 1.6 | 1.0 | 3.0 | -3.1% |
| Total | 80.5 | 129 | 121 | 125 | 15.8% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from the Czech Republic in 2022:
- Poland (34.8 tons)
- Slovakia (29.6 tons)
- Germany (13.7 tons)
- Austria (1.8 tons)
- Latvia (0.4 tons)
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