Price for Cereals; Maize (Corn), Other than Seed in Morocco - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Morocco (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Morocco (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Morocco
- Exports of Cereals; Maize (Corn), Other than Seed in Morocco
Price for Cereals; Maize (Corn), Other than Seed in Morocco (CIF) - 2023
In December 2022, the average import price for cereals; maize (corn), other than seeds amounted to $346 per ton, remaining constant against the previous month. Over the period under review, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in October 2022 when the average import price increased by 2.8% month-to-month. The import price peaked at $400 per ton in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Argentina ($351 per ton), while the price for Brazil totaled $320 per ton.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Argentina (-2.2%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Morocco (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $383 per ton in 2022, which is down by -54% against the previous year. In general, the export price, however, enjoyed a modest expansion. The growth pace was the most rapid in 2017 an increase of 123%. The export price peaked at $833 per ton in 2021, and then fell dramatically in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,520 per ton), while the average price for exports to Kuwait ($366 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 Germany (+24.3%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Other than Seed in Morocco
In 2022, purchases abroad of cereals; maize (corn), other than seeds decreased by -3.4% to 2.1M tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 4.9%. As a result, imports attained the peak of 2.9M tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cereals; maize (corn), other than seeds rose markedly to $752M in 2022. The total import value increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Cereals; Maize (Corn), Other than Seed in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 293 | 310 | 369 | 340 | 5.1% |
| Brazil | 210 | 181 | 112 | 230 | 3.1% |
| United States | 12.3 | 8.3 | 164 | 88.3 | 92.9% |
| Romania | N/A | N/A | N/A | 59.2 | 0% |
| Ukraine | 16.9 | 54.4 | 14.7 | 24.9 | 13.8% |
| Others | 6.0 | 2.8 | 3.8 | 10.0 | 18.6% |
| Total | 538 | 557 | 663 | 752 | 11.8% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Morocco in 2022:
- Argentina (915.3K tons)
- Brazil (651.7K tons)
- United States (246.7K tons)
- Romania (171.1K tons)
- Ukraine (82.1K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Morocco
In 2022, shipments abroad of cereals; maize (corn), other than seeds was finally on the rise to reach 365 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a precipitous curtailment.
In value terms, exports of cereals; maize (corn), other than seeds fell dramatically to $140K in 2022. Overall, exports, however, saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
| Export of Cereals; Maize (Corn), Other than Seed in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | N/A | 0.2 | 0.2 | 0.1 | -29.3% |
| Zimbabwe | 5.2 | N/A | N/A | N/A | 0% |
| Kuwait | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.2 | 0.2 | 0.3 | 0.1 | -73.2% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Morocco in 2022:
- Oman (352.0 tons)
- Kuwait (7.2 tons)
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