Price for Cereals; Maize (Corn), Other than Seed in Thailand - 2024
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Thailand (CIF) - 2024
- Price for Cereals; Maize (Corn), Other than Seed in Thailand (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Thailand
- Exports of Cereals; Maize (Corn), Other than Seed in Thailand
Price for Cereals; Maize (Corn), Other than Seed in Thailand (CIF) - 2024
The average import price for cereals; maize (corn), other than seeds stood at $706 per ton in September 2023, rising by 123% against the previous month. Overall, the import price saw a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,007 per ton), while the price for Cambodia ($161 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Thailand (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $357 per ton, surging by 13% against the previous year. In general, the export price showed a mild increase. The most prominent rate of growth was recorded in 2019 an increase of 114%. As a result, the export price attained the peak level of $616 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($1,208 per ton), while the average price for exports to Lao People's Democratic Republic ($233 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 Vietnam (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Other than Seed in Thailand
After three years of growth, supplies from abroad of cereals; maize (corn), other than seeds decreased by -19.5% to 1.5M tons in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 124%.
In value terms, imports of cereals; maize (corn), other than seeds expanded notably to $446M in 2022. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 79% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 125 | 238 | 402 | 411 | 48.7% |
| India | N/A | N/A | N/A | 19.2 | 0% |
| Cambodia | 13.6 | 31.4 | 1.4 | 6.5 | -21.8% |
| Others | 16.5 | 9.1 | 9.2 | 9.5 | -16.8% |
| Total | 155 | 278 | 413 | 446 | 42.2% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Thailand in 2022:
- Myanmar (1375.9K tons)
- India (51.2K tons)
- Cambodia (29.3K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Thailand
After three years of growth, overseas shipments of cereals; maize (corn), other than seeds decreased by -80.8% to 18K tons in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,110% against the previous year. As a result, the exports reached the peak of 94K tons, and then contracted dramatically in the following year.
In value terms, exports of cereals; maize (corn), other than seeds dropped significantly to $6.4M in 2022. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 1,231%. As a result, the exports reached the peak of $30M, and then shrank dramatically in the following year.
| Export of Cereals; Maize (Corn), Other than Seed in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.1 | N/A | N/A | 5.1 | 270.8% |
| Lao People's Democratic Republic | 0.1 | 0.2 | 0.2 | 0.6 | 81.7% |
| Cambodia | 0.1 | N/A | N/A | 0.5 | 71.0% |
| Myanmar | 1.7 | 0.4 | 0.4 | 0.1 | -61.1% |
| Hong Kong SAR | 1.4 | 0.4 | N/A | N/A | -71.4% |
| Vietnam | 0.2 | 0.9 | N/A | N/A | 350.0% |
| Philippines | 0.1 | 0.1 | 18.5 | N/A | 1260.1% |
| Others | 0.2 | 0.2 | 10.4 | 0.1 | -20.6% |
| Total | 3.7 | 2.2 | 29.6 | 6.4 | 20.0% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Thailand in 2022:
- Malaysia (14.8K tons)
- Lao People's Democratic Republic (2.6K tons)
- Cambodia (0.4K tons)
- Myanmar (0.1K tons)
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