Price for Cereals; Maize (Corn), Other than Seed in Estonia - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Estonia (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Estonia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Estonia
- Exports of Cereals; Maize (Corn), Other than Seed in Estonia
Price for Cereals; Maize (Corn), Other than Seed in Estonia (CIF) - 2023
The average import price for cereals; maize (corn), other than seeds stood at $281 per ton in August 2023, rising by 6.5% against the previous month. Over the period under review, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 7.1% m-o-m. Over the period under review, average import prices reached the maximum at $372 per ton in October 2022; however, from November 2022 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was South Africa ($1,193 per ton), while the price for Ukraine ($248 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Africa (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Other than Seed in Estonia (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $1,067 per ton, declining by -64.2% against the previous year. Overall, the export price, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 526%. Over the period under review, the average export prices hit record highs at $2,978 per ton in 2021, and then shrank significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($10,511 per ton), while the average price for exports to Finland ($334 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+47.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Other than Seed in Estonia
Imports of cereals; maize (corn), other than seeds into Estonia skyrocketed to 37K tons in 2022, surging by 55% against the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, 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 cereals; maize (corn), other than seeds soared to $13M in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 1.1 | 2.8 | 3.7 | 6.2 | 78.0% |
| Poland | 0.1 | 0.1 | N/A | 2.6 | 196.2% |
| Lithuania | 1.4 | 1.7 | 1.9 | 2.1 | 14.5% |
| Ukraine | 1.6 | 0.2 | 0.3 | 1.2 | -9.1% |
| Belarus | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Others | 0.6 | 0.5 | 0.7 | 0.5 | -5.9% |
| Total | 5.0 | 5.5 | 6.7 | 12.6 | 36.1% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Estonia in 2022:
- Latvia (18.8K tons)
- Poland (7.6K tons)
- Lithuania (6.1K tons)
- Ukraine (4.0K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Estonia
In 2022, shipments abroad of cereals; maize (corn), other than seeds decreased by -0.6% to 32 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 3,454%. As a result, the exports reached the peak of 87 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cereals; maize (corn), other than seeds declined notably to $34K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 22,142%. As a result, the exports reached the peak of $140K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereals; Maize (Corn), Other than Seed in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | N/A | 123 | 95.6 | 13.4 | -67.0% |
| Russia | N/A | N/A | 1.1 | 12.6 | 1045.5% |
| Finland | 0.6 | 1.5 | N/A | 8.0 | 137.1% |
| China | N/A | 12.8 | N/A | N/A | 0% |
| Others | 0.1 | 3.4 | 0.2 | 0.5 | 71.0% |
| Total | 0.6 | 140 | 96.9 | 34.5 | 286.0% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Estonia in 2022:
- Finland (24.0 tons)
- Latvia (6.6 tons)
- Russia (1.7 tons)
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