Price for Cereals; Maize (Corn), Other than Seed in Australia - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Australia (FOB) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Australia (CIF) - 2023
- Exports of Cereals; Maize (Corn), Other than Seed in Australia
- Imports of Cereals; Maize (Corn), Other than Seed in Australia
Price for Cereals; Maize (Corn), Other than Seed in Australia (FOB) - 2023
The average export price for cereals; maize (corn), other than seeds stood at $481 per ton in August 2023, reducing by -43.5% against the previous month. Over the period under review, the export price, however, posted a moderate increase. The pace of growth was the most pronounced in January 2023 when the average export price increased by 166% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,027 per ton in March 2023; however, from April 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($1,200 per ton), while the average price for exports to South Korea totaled $468 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.7%).
Price for Cereals; Maize (Corn), Other than Seed in Australia (CIF) - 2023
In August 2023, the average import price for cereals; maize (corn), other than seeds amounted to $2,217 per ton, remaining relatively unchanged against the previous month. Overall, the import price saw a slight curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 26% month-to-month. Over the period under review, average import prices attained the peak figure at $2,439 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to August 2023, the rate of growth in terms of prices for Argentina amounted to +3.6% per month.
Exports of Cereals; Maize (Corn), Other than Seed in Australia
In 2022, the amount of cereals; maize (corn), other than seeds exported from Australia fell slightly to 86K tons, remaining relatively unchanged against 2021. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 76%. As a result, the exports attained the peak of 86K tons, leveling off in the following year.
In value terms, exports of cereals; maize (corn), other than seeds surged to $34M in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 75%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Cereals; Maize (Corn), Other than Seed in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 8.6 | 7.3 | 15.4 | 30.4 | 52.3% |
| Taiwan (Chinese) | 0.1 | N/A | 0.1 | 0.7 | 91.3% |
| Malaysia | N/A | N/A | 1.3 | 0.6 | -53.8% |
| New Zealand | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| United Arab Emirates | 7.9 | 7.7 | 9.4 | N/A | 9.1% |
| Others | 0.7 | 0.7 | 1.3 | 2.0 | 41.9% |
| Total | 17.2 | 15.8 | 27.6 | 34.0 | 25.5% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Australia in 2022:
- South Korea (79.6K tons)
- Malaysia (1.5K tons)
- New Zealand (1.5K tons)
- Taiwan (Chinese) (1.4K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Australia
In 2022, purchases abroad of cereals; maize (corn), other than seeds decreased by -2.7% to 1K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereals; maize (corn), other than seeds soared to $1.8M in 2022. In general, imports continue to indicate a deep downturn.
| Import of Cereals; Maize (Corn), Other than Seed in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,158 | 1,637 | 679 | 1,379 | -13.9% |
| Argentina | 297 | 401 | 286 | 354 | 6.0% |
| Vietnam | 28.0 | 15.6 | 35.9 | 50.1 | 21.4% |
| South Africa | N/A | N/A | 17.2 | 24.8 | 44.2% |
| Namibia | 41.9 | 226 | 12.9 | N/A | -44.5% |
| Brazil | N/A | 448 | 162 | N/A | -63.8% |
| Others | 123 | 68.9 | 28.2 | 7.4 | -60.8% |
| Total | 2,647 | 2,797 | 1,221 | 1,816 | -11.8% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Australia in 2022:
- United States (606.1 tons)
- Argentina (383.5 tons)
- South Africa (29.2 tons)
- Vietnam (18.8 tons)
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