Price for Cereal Groats and Meal; of Maize (Corn) in Vietnam - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Vietnam (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Vietnam (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Vietnam
- Exports of Cereal Groats and Meal; of Maize (Corn) in Vietnam
Price for Cereal Groats and Meal; of Maize (Corn) in Vietnam (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $561 per ton in 2022, growing by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.8% per year.
Price for Cereal Groats and Meal; of Maize (Corn) in Vietnam (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $471 per ton in 2022, surging by 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $493 per ton in 2014; however, from 2015 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 Cambodia.
From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +0.7% per year.
Imports of Cereal Groats and Meal; of Maize (Corn) in Vietnam
For the fourth year in a row, Vietnam recorded growth in purchases abroad of cereal groats and meal; of maize (corn)s, which increased by 17% to 2.1K tons in 2022. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $1.2M in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Cereal Groats and Meal; of Maize (Corn) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 612 | 629 | 898 | 1,142 | 23.1% |
| Others | 20.7 | 13.0 | 12.9 | 18.1 | -4.4% |
| Total | 633 | 642 | 910 | 1,160 | 22.4% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Vietnam in 2022:
- India (2.0K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Vietnam
In 2022, shipments abroad of cereal groats and meal; of maize (corn)s decreased by -32.6% to 741 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 350%.
In value terms, exports of cereal groats and meal; of maize (corn)s contracted dramatically to $349K in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 351% against the previous year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 72.4 | 351 | 438 | 345 | 68.3% |
| Others | 5.6 | 1.4 | 5.1 | 4.0 | -10.6% |
| Total | 78.0 | 352 | 443 | 349 | 64.8% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Vietnam in 2022:
- Cambodia (732.9 tons)
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