Price for Cereals; Maize (Corn), Other than Seed in Malaysia - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Malaysia (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Malaysia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Malaysia
- Exports of Cereals; Maize (Corn), Other than Seed in Malaysia
Price for Cereals; Maize (Corn), Other than Seed in Malaysia (CIF) - 2022
In 2022, the average import price for cereals; maize (corn), other than seeds amounted to $359 per ton, rising by 14% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereals; maize (corn), other than seeds increased by +69.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 49%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($361 per ton) and Brazil ($357 per ton), while the price for Pakistan ($323 per ton) and India ($355 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Malaysia (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $413 per ton, picking up by 13% against the previous year. Over the period under review, the export price posted a mild increase. The growth pace was the most rapid in 2014 an increase of 57% against the previous year. As a result, the export price reached the peak level of $517 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($504 per ton), while the average price for exports to Singapore ($383 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 Singapore (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in Malaysia
In 2022, approx. 1.9M tons of cereals; maize (corn), other than seeds were imported into Malaysia; with a decrease of -5.4% against the previous year's figure. Overall, imports saw a deep downturn. The smallest decline of -3.6% was in 2021.
In value terms, imports of cereals; maize (corn), other than seeds stood at $679M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 244 | 295 | 430 | 495 | 26.6% |
| Brazil | 227 | 136 | 110 | 72.9 | -31.5% |
| India | 0.1 | 1.1 | 63.0 | 63.6 | 760.0% |
| Pakistan | 1.1 | 2.8 | 18.3 | 37.0 | 222.8% |
| Others | 3.6 | 4.2 | 7.7 | 10.3 | 42.0% |
| Total | 476 | 439 | 629 | 679 | 12.6% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Malaysia in 2022:
- Argentina (1371.7K tons)
- Brazil (204.1K tons)
- India (179.5K tons)
- Pakistan (114.8K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Malaysia
In 2022, the amount of cereals; maize (corn), other than seeds exported from Malaysia surged to 10K tons, with an increase of 16% against 2021 figures. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 111%. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; maize (corn), other than seeds surged to $4.2M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 120% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | 609 | 1,489 | 2,277 | 3,365 | 76.8% |
| Singapore | 614 | 907 | 444 | 719 | 5.4% |
| Indonesia | 78.9 | 508 | 437 | 81.0 | 0.9% |
| Others | 30.9 | 27.6 | 37.4 | 32.8 | 2.0% |
| Total | 1,333 | 2,932 | 3,195 | 4,198 | 46.6% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Malaysia in 2022:
- Brunei Darussalam (8.1K tons)
- Singapore (1.9K tons)
- Indonesia (0.2K tons)
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