Price for Cereals; Maize (Corn), Other than Seed in Portugal - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Portugal (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Portugal (FOB) - 2023
- Imports of Cereals; Maize (Corn), Other than Seed in Portugal
- Exports of Cereals; Maize (Corn), Other than Seed in Portugal
Price for Cereals; Maize (Corn), Other than Seed in Portugal (CIF) - 2023
The average import price for cereals; maize (corn), other than seeds stood at $265 per ton in August 2023, shrinking by -6.6% against the previous month. In general, the import price saw a slight curtailment. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 15% against the previous month. Over the period under review, average import prices hit record highs at $330 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Spain ($418 per ton), while the price for Romania ($224 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 Spain (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Portugal (FOB) - 2023
In August 2023, the average export price for cereals; maize (corn), other than seeds amounted to $297 per ton, falling by -14.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices reached the peak figure at $388 per ton in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($3,532 per ton), while the average price for exports to Spain amounted to $295 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.4%).
Imports of Cereals; Maize (Corn), Other than Seed in Portugal
Imports of cereals; maize (corn), other than seeds into Portugal reached 2.3M tons in 2022, surging by 9.6% on the year before. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. 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 skyrocketed to $723M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 145 | 139 | 134 | 371 | 36.8% |
| Ukraine | 160 | 136 | 180 | 98.9 | -14.8% |
| Romania | 15.0 | 28.4 | 68.7 | 80.9 | 75.4% |
| Canada | 10.6 | N/A | 38.2 | 71.9 | 89.3% |
| South Africa | N/A | N/A | N/A | 18.5 | 0% |
| Russia | N/A | N/A | 4.9 | 17.5 | 257.1% |
| Bulgaria | 34.0 | 14.3 | 6.5 | 17.0 | -20.6% |
| Spain | 17.7 | 10.6 | 8.2 | 14.1 | -7.3% |
| Others | 8.4 | 29.9 | 46.6 | 33.5 | 58.6% |
| Total | 391 | 358 | 487 | 723 | 22.7% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Portugal in 2022:
- Brazil (1182.8K tons)
- Ukraine (343.5K tons)
- Romania (256.2K tons)
- Canada (189.8K tons)
- Russia (59.9K tons)
- Bulgaria (57.2K tons)
- South Africa (52.4K tons)
- Spain (37.6K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Portugal
Exports of cereals; maize (corn), other than seeds from Portugal soared to 221K tons in 2022, growing by 175% against 2021 figures. In general, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; maize (corn), other than seeds surged to $72M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Other than Seed in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 29.6 | 29.6 | 21.0 | 70.9 | 33.8% |
| Others | 0.8 | 0.2 | 0.7 | 1.1 | 11.2% |
| Total | 30.4 | 29.9 | 21.7 | 72.0 | 33.3% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Portugal in 2022:
- Spain (218.8K tons)
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