Price for Cereals; Maize (Corn), Other than Seed in Panama - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Panama (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Panama (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Panama
- Exports of Cereals; Maize (Corn), Other than Seed in Panama
Price for Cereals; Maize (Corn), Other than Seed in Panama (CIF) - 2023
In May 2023, the average import price for cereals; maize (corn), other than seeds amounted to $315 per ton, approximately equating the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 3.5% m-o-m. The import price peaked at $343 per ton in February 2023; however, from March 2023 to May 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 May 2023, the rate of growth in terms of prices for Brazil amounted to +5.1% per month.
Price for Cereals; Maize (Corn), Other than Seed in Panama (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $308 per ton, dropping by -41.2% against the previous year. Over the period under review, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 189%. As a result, the export price attained the peak level of $1,843 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Trinidad and Tobago amounted to 0.0% per year.
Imports of Cereals; Maize (Corn), Other than Seed in Panama
After three years of growth, supplies from abroad of cereals; maize (corn), other than seeds decreased by -16.9% to 592K tons in 2022. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of 713K tons, and then declined dramatically in the following year.
In value terms, imports of cereals; maize (corn), other than seeds totaled $199M in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Cereals; Maize (Corn), Other than Seed in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 98.7 | 97.3 | 188 | 126 | 8.5% |
| Brazil | 0.2 | N/A | N/A | 72.6 | 613.3% |
| Argentina | 2.0 | 3.1 | 6.5 | 0.1 | -63.2% |
| Others | N/A | 2.0 | 2.0 | N/A | 0.0% |
| Total | 101 | 102 | 196 | 199 | 25.4% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Panama in 2022:
- United States (373.6K tons)
- Brazil (217.9K tons)
- Argentina (0.3K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Panama
In 2022, the amount of cereals; maize (corn), other than seeds exported from Panama soared to 3.2K tons, rising by 5,832% compared with 2021. Over the period under review, exports enjoyed significant growth.
In value terms, exports of cereals; maize (corn), other than seeds skyrocketed to $969K in 2022. In general, exports saw a significant expansion.
| Export of Cereals; Maize (Corn), Other than Seed in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | N/A | N/A | 968 | 0% |
| South Korea | 284 | N/A | N/A | N/A | 0% |
| Trinidad and Tobago | N/A | 1,241 | N/A | N/A | 0% |
| Others | 29.4 | 0.4 | 27.8 | 0.4 | -76.1% |
| Total | 314 | 1,241 | 27.8 | 969 | 45.6% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Panama in 2022:
- Colombia (3.1K tons)
522
This report provides an in-depth analysis of the maize market in Panama.
128
This report provides an in-depth analysis of the grain market in Panama.
7707
This report provides an in-depth analysis of the global maize market.
3968
This report provides an in-depth analysis of the global grain market.
522
This report provides an in-depth analysis of the maize market in Panama.
7707
This report provides an in-depth analysis of the global maize market.
1671
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
1610
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
545
In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
1300
Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
1533
Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
1031
The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
5430
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
1382
In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
1223
Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
271
Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
