Price for Cereals; Maize (Corn), Other than Seed in the Czech Republic - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in the Czech Republic (FOB) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in the Czech Republic (CIF) - 2022
- Exports of Cereals; Maize (Corn), Other than Seed in the Czech Republic
- Imports of Cereals; Maize (Corn), Other than Seed in the Czech Republic
Price for Cereals; Maize (Corn), Other than Seed in the Czech Republic (FOB) - 2023
In August 2023, the average export price for cereals; maize (corn), other than seeds amounted to $309 per ton, picking up by 1.8% against the previous month. In general, export price indicated a resilient expansion from October 2022 to August 2023: its price increased at an average monthly rate of +5.5% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, export price for cereals; maize (corn), other than seeds increased by +1.8% against July 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 45% month-to-month. The export price peaked at $352 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In August 2023, the highest price was recorded for prices to Austria ($314 per ton) and Germany ($288 per ton), while the average price for exports to Italy ($261 per ton) and Slovakia ($277 per ton) were amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in the Czech Republic (CIF) - 2022
In 2022, the average import price for cereals; maize (corn), other than seeds amounted to $331 per ton, picking up by 7.8% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereals; maize (corn), other than seeds increased by +83.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($851 per ton), while the price for Ukraine ($284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Other than Seed in the Czech Republic
In 2022, after three years of growth, there was significant decline in overseas shipments of cereals; maize (corn), other than seeds, when their volume decreased by -9% to 421K tons. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 60%.
In value terms, exports of cereals; maize (corn), other than seeds soared to $117M in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 94% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Cereals; Maize (Corn), Other than Seed in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 13.1 | 24.2 | 47.4 | 61.4 | 67.4% |
| Germany | 11.3 | 18.5 | 35.8 | 42.9 | 56.0% |
| Slovakia | N/A | 0.2 | 6.6 | 8.5 | 551.9% |
| Poland | 3.4 | 6.6 | 5.5 | 2.2 | -13.5% |
| Others | 0.4 | 0.4 | 1.4 | 2.0 | 71.0% |
| Total | 28.2 | 49.8 | 96.7 | 117 | 60.7% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from the Czech Republic in 2022:
- Austria (210.7K tons)
- Germany (163.3K tons)
- Slovakia (31.6K tons)
- Poland (10.2K tons)
Imports of Cereals; Maize (Corn), Other than Seed in the Czech Republic
In 2022, supplies from abroad of cereals; maize (corn), other than seeds was finally on the rise to reach 148K tons after two years of decline. In general, imports, however, recorded a abrupt contraction.
In value terms, imports of cereals; maize (corn), other than seeds surged to $49M in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Maize (Corn), Other than Seed in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.3 | 1.4 | 14.5 | 29.7 | 134.6% |
| Slovakia | 18.4 | 16.4 | 9.5 | 6.4 | -29.7% |
| Ukraine | 0.5 | N/A | N/A | 4.2 | 103.3% |
| France | 1.0 | 0.9 | 1.5 | 3.5 | 51.8% |
| Germany | 0.8 | 1.1 | 1.3 | 1.8 | 31.0% |
| Austria | 1.1 | 1.8 | 7.2 | 1.6 | 13.3% |
| Hungary | 12.8 | 6.7 | 4.9 | 1.2 | -54.6% |
| Romania | 4.8 | N/A | 1.1 | N/A | -52.1% |
| Others | 0.9 | 0.7 | 0.8 | 0.5 | -17.8% |
| Total | 42.7 | 29.0 | 40.8 | 49.0 | 4.7% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to the Czech Republic in 2022:
- Poland (96.6K tons)
- Slovakia (20.2K tons)
- Ukraine (14.8K tons)
- Germany (5.1K tons)
- Austria (4.3K tons)
- France (4.1K tons)
- Hungary (2.6K tons)
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