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

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

The average import price for cereal groats and meal; of maize (corn)s stood at $713 per ton in 2022, growing by 55% against the previous year. Overall, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 84% against the previous year. As a result, import price attained the peak level of $1,917 per ton. From 2014 to 2022, the average 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 Brazil ($925 per ton), while the price for Argentina amounted to $674 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-0.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $198 per ton, with a decrease of -7% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 36%. Over the period under review, the average export prices reached the maximum at $905 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -8.3% per year.

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

In 2022, the amount of cereal groats and meal; of maize (corn)s imported into Uruguay shrank to 66 tons, reducing by -7.2% compared with the previous year. Overall, imports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 30%.

In value terms, imports of cereal groats and meal; of maize (corn)s skyrocketed to $47K in 2022. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 77%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Import of Cereal Groats and Meal; of Maize (Corn) in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	30.1	16.1	28.2	37.4	7.5%
Brazil	N/A	0.2	0.7	9.5	589.2%
Italy	2.7	2.2	1.9	N/A	-16.1%
Others	N/A	N/A	1.9	N/A	0%
Total	32.8	18.5	32.7	46.9	12.7%

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

Argentina (55.5 tons)
Brazil (10.3 tons)

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

Exports of cereal groats and meal; of maize (corn)s from Uruguay was estimated at 1 tons in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of cereal groats and meal; of maize (corn)s fell to $198 in 2022. Overall, exports recorded a abrupt downturn. The smallest decline of -6.9% was in 2020.