Price for Cereals; Maize (Corn), Other than Seed in Turkey - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Turkey (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Turkey (FOB) - 2023
- Imports of Cereals; Maize (Corn), Other than Seed in Turkey
- Exports of Cereals; Maize (Corn), Other than Seed in Turkey
Price for Cereals; Maize (Corn), Other than Seed in Turkey (CIF) - 2023
The average import price for cereals; maize (corn), other than seeds stood at $239 per ton in July 2023, declining by -3.6% against the previous month. Over the period under review, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in February 2023 an increase of 0.6% month-to-month. The import price peaked at $301 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Russia ($235 per ton), while the price for Moldova ($231 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Russia (-3.1%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Turkey (FOB) - 2023
The average export price for cereals; maize (corn), other than seeds stood at $317 per ton in July 2023, standing approximately at the previous month. Overall, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 18% against the previous month. As a result, the export price attained the peak level of $507 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($622 per ton), while the average price for exports to Lebanon ($223 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in Turkey
In 2022, approx. 3.4M tons of cereals; maize (corn), other than seeds were imported into Turkey; growing by 48% against the year before. In general, imports, however, recorded a deep contraction.
In value terms, imports of cereals; maize (corn), other than seeds soared to $1.1B in 2022. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 384 | 121 | 219 | 473 | 7.2% |
| Russia | 95.6 | 133 | 278 | 406 | 61.9% |
| Moldova | 51.2 | 39.5 | 23.7 | 87.1 | 19.4% |
| Romania | 211 | 86.6 | 79.8 | 86.5 | -25.7% |
| Argentina | 16.7 | 26.2 | 16.2 | 52.1 | 46.1% |
| Serbia | 23.6 | 11.5 | 15.8 | 10.6 | -23.4% |
| Bulgaria | 35.2 | 21.4 | 3.5 | 3.4 | -54.1% |
| Others | 7.3 | 16.2 | 10.1 | 19.9 | 39.7% |
| Total | 825 | 456 | 645 | 1,138 | 11.3% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Turkey in 2022:
- Ukraine (1477.6K tons)
- Russia (1147.7K tons)
- Moldova (274.2K tons)
- Romania (258.1K tons)
- Argentina (148.2K tons)
- Serbia (27.7K tons)
- Bulgaria (9.2K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Turkey
In 2022, overseas shipments of cereals; maize (corn), other than seeds were finally on the rise to reach 525K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a drastic downturn.
In value terms, exports of cereals; maize (corn), other than seeds soared to $197M in 2022. Over the period under review, exports recorded a strong expansion. 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 125 | 56.7 | 65.5 | 143 | 4.6% |
| Syrian Arab Republic | N/A | N/A | N/A | 14.0 | 0% |
| Italy | 0.1 | 0.1 | 0.1 | 12.2 | 396.0% |
| Egypt | 0.3 | 0.9 | 7.1 | 8.9 | 209.6% |
| Cyprus | 0.5 | 6.2 | 5.1 | 7.4 | 145.5% |
| Netherlands | 4.4 | 5.6 | 0.5 | 0.6 | -48.5% |
| Others | 14.6 | 14.5 | 20.3 | 11.2 | -8.5% |
| Total | 145 | 84.1 | 98.6 | 197 | 10.8% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Turkey in 2022:
- Iraq (399.4K tons)
- Syrian Arab Republic (39.1K tons)
- Italy (31.2K tons)
- Cyprus (22.8K tons)
- Egypt (12.3K tons)
- Netherlands (0.6K tons)
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