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

Contents:

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

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

The average export price for cereal groats and meal; of maize (corn)s stood at $396 per ton in November 2023, growing by 23% against the previous month. Over the period under review, the export price, however, showed a mild shrinkage. The export price peaked at $490 per ton in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Costa Rica ($695 per ton), while the average price for exports to Romania ($265 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 Lithuania (+0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Maize (Corn) in Ukraine (CIF) - 2022

The average import price for cereal groats and meal; of maize (corn)s stood at $1,113 per ton in 2022, surging by 24% against the previous year. Overall, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 372%. Over the period under review, average import prices hit record highs at $1,749 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,141 per ton), while the price for Bulgaria ($826 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after three years of growth, there was significant decline in shipments abroad of cereal groats and meal; of maize (corn)s, when their volume decreased by -52.2% to 13K tons. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 39%.

In value terms, exports of cereal groats and meal; of maize (corn)s plummeted to $5.9M in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 45%.

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

1. Moldova (4162.9 tons)
2. Angola (1323.0 tons)
3. Cameroon (1302.0 tons)
4. Burkina Faso (819.0 tons)
5. Gabon (735.0 tons)
6. Israel (682.7 tons)
7. Algeria (672.0 tons)
8. Lithuania (565.5 tons)
9. Costa Rica (369.0 tons)
10. Romania (351.6 tons)
11. Guinea (294.0 tons)
12. Cote d'Ivoire (273.0 tons)
13. Sudan (266.0 tons)

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

In 2022, the amount of cereal groats and meal; of maize (corn)s imported into Ukraine skyrocketed to 30 tons, picking up by 21% on the previous year. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 522% against the previous year. Imports peaked 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 surged to $34K in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 300%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Italy (18.4 tons)
2. Poland (10.2 tons)
3. Bulgaria (1.3 tons)

Source: IndexBox Market Intelligence Platform