Price for Cereals; Maize (Corn), Other than Seed in South Africa - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in South Africa (FOB) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in South Africa (CIF) - 2022
- Exports of Cereals; Maize (Corn), Other than Seed in South Africa
- Imports of Cereals; Maize (Corn), Other than Seed in South Africa
Price for Cereals; Maize (Corn), Other than Seed in South Africa (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $321 per ton in 2022, jumping by 36% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($372 per ton), while the average price for exports to Botswana ($237 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 South Korea (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in South Africa (CIF) - 2022
In 2022, the average import price for cereals; maize (corn), other than seeds amounted to $202 per ton, surging by 4% against the previous year. In general, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 34%. As a result, import price reached the peak level of $262 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($996 per ton), while the price for Zambia ($112 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+150.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Other than Seed in South Africa
For the fourth year in a row, South Africa recorded growth in overseas shipments of cereals; maize (corn), other than seeds, which increased by 2.8% to 3.3M tons in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 101% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cereals; maize (corn), other than seeds surged to $1.1B in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 98% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Cereals; Maize (Corn), Other than Seed in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.1 | 50.7 | 93.8 | 283 | 1314.5% |
| Japan | 0.2 | 8.5 | 180 | 179 | 863.7% |
| Vietnam | 0.6 | 16.8 | 60.9 | 158 | 541.0% |
| South Korea | 0.7 | 65.6 | 90.7 | 77.5 | 380.2% |
| Botswana | 46.6 | 54.0 | 58.0 | 58.6 | 7.9% |
| Swaziland | 27.0 | 34.3 | 36.6 | 39.4 | 13.4% |
| Namibia | 45.6 | 33.8 | 34.7 | 38.9 | -5.2% |
| Mozambique | 33.4 | 49.4 | 31.4 | 29.0 | -4.6% |
| Zimbabwe | 9.4 | 136 | 59.1 | 3.7 | -26.7% |
| Others | 89.9 | 53.4 | 112 | 195 | 29.4% |
| Total | 254 | 502 | 757 | 1,062 | 61.1% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from South Africa in 2022:
- Taiwan (Chinese) (870.9K tons)
- Japan (553.3K tons)
- Vietnam (476.2K tons)
- Botswana (247.5K tons)
- South Korea (219.1K tons)
- Namibia (152.8K tons)
- Swaziland (152.5K tons)
- Mozambique (105.9K tons)
- Zimbabwe (6.4K tons)
Imports of Cereals; Maize (Corn), Other than Seed in South Africa
In 2022, the amount of cereals; maize (corn), other than seeds imported into South Africa shrank markedly to 785 tons, with a decrease of -89.3% against 2021. In general, imports recorded a significant decrease. The smallest decline of -86.6% was in 2020.
In value terms, imports of cereals; maize (corn), other than seeds fell notably to $158K in 2022. Overall, imports continue to indicate a precipitous shrinkage. The smallest decline of -88.2% was in 2021.
| Import of Cereals; Maize (Corn), Other than Seed in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | N/A | N/A | N/A | N/A | 0% |
| Argentina | 84.9 | 11.9 | N/A | N/A | -86.0% |
| Swaziland | 0.1 | N/A | N/A | N/A | 0% |
| Jordan | N/A | N/A | N/A | N/A | 0% |
| Lesotho | 0.1 | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 0.1 | N/A | 0% |
| Zambia | N/A | N/A | 0.3 | N/A | 0% |
| Brazil | 16.4 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 0.1 | 1.0 | N/A | -18.4% |
| Total | 103 | 12.0 | 1.4 | 0.2 | -87.5% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to South Africa in 2022:
- Swaziland (266.4 tons)
- Zambia (204.4 tons)
- Lesotho (39.3 tons)
- United States (37.3 tons)
- Botswana (32.7 tons)
- Jordan (26.0 tons)
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