Price for Cereals; Maize (Corn), Other than Seed in Mexico - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Mexico (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Mexico (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Mexico
- Exports of Cereals; Maize (Corn), Other than Seed in Mexico
Price for Cereals; Maize (Corn), Other than Seed in Mexico (CIF) - 2023
In June 2023, the average import price for cereals; maize (corn), other than seeds amounted to $314 per ton, almost unchanged from the previous month. Over the period under review, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in December 2022 an increase of 2.7% month-to-month. Over the period under review, average import prices attained the maximum at $350 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From November 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -1.0% per month.
Price for Cereals; Maize (Corn), Other than Seed in Mexico (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $481 per ton, surging by 13% against the previous year. Overall, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 126% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($541 per ton), while the average price for exports to Costa Rica ($408 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 Honduras (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Other than Seed in Mexico
In 2022, the amount of cereals; maize (corn), other than seeds imported into Mexico contracted to 13M tons, which is down by -11.5% against the previous year. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 6.9%.
In value terms, imports of cereals; maize (corn), other than seeds contracted to $4.2B in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +37.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $4.3B, and then declined in the following year.
| Import of Cereals; Maize (Corn), Other than Seed in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.8 | 2.9 | 4.3 | 4.2 | 14.5% |
| Brazil | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.2 | 3.1 | 4.3 | 4.2 | 9.5% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Mexico in 2022:
- United States (12.8M tons)
Exports of Cereals; Maize (Corn), Other than Seed in Mexico
In 2022, exports of cereals; maize (corn), other than seeds from Mexico surged to 46K tons, growing by 119% on the previous year. In general, exports, however, continue to indicate a sharp reduction.
In value terms, exports of cereals; maize (corn), other than seeds skyrocketed to $22M in 2022. Overall, exports, however, continue to indicate a significant decrease.
| Export of Cereals; Maize (Corn), Other than Seed in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.5 | 21.0 | 8.9 | 11.9 | -12.1% |
| Honduras | N/A | N/A | N/A | 6.6 | 0% |
| Costa Rica | N/A | N/A | N/A | 3.5 | 0% |
| Venezuela | 135 | 139 | N/A | N/A | 3.0% |
| Colombia | 5.9 | N/A | N/A | N/A | 0% |
| Guatemala | 7.6 | 20.3 | N/A | N/A | 167.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 166 | 181 | 8.9 | 22.0 | -49.0% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Mexico in 2022:
- United States (22.0K tons)
- Honduras (15.3K tons)
- Costa Rica (8.5K tons)
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