Price for Cereals; Maize (Corn), Other than Seed in Croatia - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Croatia (FOB) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Croatia (CIF) - 2023
- Exports of Cereals; Maize (Corn), Other than Seed in Croatia
- Imports of Cereals; Maize (Corn), Other than Seed in Croatia
Price for Cereals; Maize (Corn), Other than Seed in Croatia (FOB) - 2023
In August 2023, the average export price for cereals; maize (corn), other than seeds amounted to $263 per ton, leveling off at the previous month. In general, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in November 2022 an increase of 8.7% m-o-m. Over the period under review, the average export prices reached the peak figure at $350 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Serbia ($1,203 per ton), while the average price for exports to Kosovo amounted to $233 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+3.4%), while the prices for the other major destinations experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Croatia (CIF) - 2023
The average import price for cereals; maize (corn), other than seeds stood at $224 per ton in August 2023, reducing by -16.1% against the previous month. In general, the import price showed a pronounced curtailment. The pace of growth was the most pronounced in April 2023 when the average import price increased by 7% against the previous month. As a result, import price reached the peak level of $325 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Ukraine ($218 per ton), while the price for Serbia stood at $199 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Moldova (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Cereals; Maize (Corn), Other than Seed in Croatia
In 2022, overseas shipments of cereals; maize (corn), other than seeds decreased by -6.5% to 872K tons, falling for the second consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 1.2M tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereals; maize (corn), other than seeds surged to $296M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +26.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.9% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 42% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 89.8 | 132 | 167 | 219 | 34.6% |
| Slovenia | 10.5 | 17.6 | 30.8 | 36.0 | 50.8% |
| Austria | 34.9 | 26.6 | 10.8 | 13.1 | -27.9% |
| Malta | 4.4 | 8.1 | 14.6 | 12.8 | 42.8% |
| Libya | N/A | N/A | N/A | 5.0 | 0% |
| Bosnia and Herzegovina | 1.2 | 2.6 | 1.8 | 4.4 | 54.2% |
| Romania | N/A | 14.8 | 4.7 | 1.2 | -71.5% |
| Others | 7.5 | 9.3 | 5.4 | 4.7 | -14.4% |
| Total | 148 | 211 | 235 | 296 | 26.0% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Croatia in 2022:
- Italy (640.9K tons)
- Slovenia (116.4K tons)
- Austria (40.0K tons)
- Malta (31.9K tons)
- Libya (14.0K tons)
- Bosnia and Herzegovina (13.2K tons)
- Romania (3.9K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Croatia
In 2022, approx. 105K tons of cereals; maize (corn), other than seeds were imported into Croatia; with an increase of 162% on 2021 figures. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; maize (corn), other than seeds surged to $32M in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 11.9 | 0% |
| Hungary | 1.8 | 7.8 | 4.1 | 9.0 | 71.0% |
| Serbia | 3.8 | 2.8 | 3.2 | 7.1 | 23.2% |
| Bosnia and Herzegovina | 0.7 | 0.5 | 2.5 | 1.3 | 22.9% |
| Others | 0.3 | 0.5 | 0.5 | 2.7 | 108.0% |
| Total | 6.5 | 11.6 | 10.4 | 31.9 | 69.9% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Croatia in 2022:
- Ukraine (46.7K tons)
- Hungary (27.4K tons)
- Serbia (24.3K tons)
- Bosnia and Herzegovina (3.2K tons)
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