Price for Cereals; Maize (Corn), Seed in Austria - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Austria (FOB) - 2023
- Price for Cereals; Maize (Corn), Seed in Austria (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in Austria
- Imports of Cereals; Maize (Corn), Seed in Austria
Price for Cereals; Maize (Corn), Seed in Austria (FOB) - 2023
In July 2023, the average cereals; maize (corn), seed export price amounted to $5,728 per ton, with a decrease of -6.5% against the previous month. Over the period under review, export price indicated a perceptible increase from July 2022 to July 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cereals; maize (corn), seed export price increased by +23.0% against May 2023 indices. The pace of growth was the most pronounced in September 2022 an increase of 99% month-to-month. The export price peaked at $6,127 per ton in June 2023, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($6,667 per ton), while the average price for exports to Poland ($903 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Austria (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $4,168 per ton, falling by -5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $4,400 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($5,519 per ton), while the price for Slovakia ($1,928 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Seed in Austria
In 2022, the amount of cereals; maize (corn), seeds exported from Austria surged to 49K tons, picking up by 25% compared with the previous year. The total export volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 50K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; maize (corn), seed exports surged to $217M in 2022. The total export value increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.4 | 59.1 | 49.1 | 58.0 | 8.5% |
| Hungary | 8.1 | 16.7 | 11.8 | 43.0 | 74.4% |
| France | 29.1 | 26.1 | 24.6 | 18.8 | -13.6% |
| Russia | 5.7 | 14.0 | 7.9 | 15.8 | 40.5% |
| Ukraine | 10.1 | 14.0 | 15.2 | 14.5 | 12.8% |
| Romania | 7.3 | 9.6 | 7.0 | 14.1 | 24.5% |
| Poland | 13.1 | 10.8 | 11.7 | 9.8 | -9.2% |
| Slovenia | 2.9 | 4.2 | 4.6 | 5.3 | 22.3% |
| Kazakhstan | 0.8 | 1.5 | 2.0 | 4.3 | 75.2% |
| United Kingdom | 2.7 | 4.4 | 1.2 | 4.2 | 15.9% |
| Croatia | 4.2 | 3.1 | 4.6 | 4.0 | -1.6% |
| Others | 25.5 | 23.0 | 22.6 | 24.8 | -0.9% |
| Total | 155 | 186 | 162 | 217 | 11.9% |
Top Export Markets for Cereals; Maize (Corn), Seed from Austria in 2022:
- Germany (18.3K tons)
- Hungary (8.0K tons)
- France (3.4K tons)
- Russia (3.2K tons)
- Poland (2.7K tons)
- Romania (1.9K tons)
- Ukraine (1.8K tons)
- Slovenia (1.0K tons)
- Croatia (1.0K tons)
- Kazakhstan (1.0K tons)
- United Kingdom (0.9K tons)
Imports of Cereals; Maize (Corn), Seed in Austria
Cereals; maize (corn), seed imports into Austria skyrocketed to 19K tons in 2022, rising by 37% compared with the previous year's figure. The total import volume increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed imports soared to $78M in 2022. The total import value increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 24.8 | 31.0 | 33.1 | 32.9 | 9.9% |
| Italy | 5.0 | 2.3 | 4.8 | 7.1 | 12.4% |
| Hungary | 10.8 | 6.5 | 5.5 | 6.9 | -13.9% |
| Romania | 4.2 | 3.3 | 2.4 | 6.2 | 13.9% |
| Ukraine | 0.5 | 0.8 | 1.8 | 5.5 | 122.4% |
| Germany | 3.0 | 4.4 | 2.7 | 4.0 | 10.1% |
| Poland | 1.0 | 3.4 | 3.5 | 3.6 | 53.3% |
| Turkey | 0.8 | 0.6 | 0.1 | 2.5 | 46.2% |
| Chile | 0.9 | 0.2 | 0.1 | 2.2 | 34.7% |
| Serbia | 0.3 | 0.3 | 1.1 | 2.0 | 88.2% |
| Slovakia | 0.8 | 2.6 | 2.9 | 1.2 | 14.5% |
| Netherlands | N/A | 6.8 | 0.1 | 0.2 | -82.9% |
| Others | 4.5 | 3.9 | 1.8 | 4.0 | -3.9% |
| Total | 56.5 | 66.3 | 60.2 | 78.3 | 11.5% |
Top Suppliers of Cereals; Maize (Corn), Seed to Austria in 2022:
- France (7.2K tons)
- Hungary (1.8K tons)
- Ukraine (1.3K tons)
- Italy (1.3K tons)
- Romania (1.2K tons)
- Turkey (1.0K tons)
- Poland (0.9K tons)
- Serbia (0.9K tons)
- Germany (0.8K tons)
- Chile (0.8K tons)
- Slovakia (0.6K tons)
- Netherlands (0.1K tons)
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