Price for Cereals; Maize (Corn), Seed in Azerbaijan - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Azerbaijan (CIF) - 2022
- Imports of Cereals; Maize (Corn), Seed in Azerbaijan
Price for Cereals; Maize (Corn), Seed in Azerbaijan (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $4,890 per ton, rising by 7.6% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 82%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.
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 Ukraine ($7,148 per ton), while the price for Russia ($1,383 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Azerbaijan
In 2022, after three years of growth, there was significant decline in supplies from abroad of cereals; maize (corn), seeds, when their volume decreased by -13.5% to 915 tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 14% against the previous year.
In value terms, cereals; maize (corn), seed imports shrank to $4.5M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 17%.
| Import of Cereals; Maize (Corn), Seed in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,715 | 2,044 | 1,544 | 1,039 | -15.4% |
| Austria | 373 | 649 | 588 | 807 | 29.3% |
| Italy | 122 | 560 | 541 | 743 | 82.6% |
| Serbia | 952 | 439 | 398 | 702 | -9.7% |
| Ukraine | 202 | 260 | 192 | 264 | 9.3% |
| France | 109 | 120 | 184 | 253 | 32.4% |
| Georgia | 169 | 238 | 117 | 248 | 13.6% |
| Romania | 179 | 171 | 132 | 190 | 2.0% |
| Russia | 33.8 | 35.7 | 32.6 | 44.8 | 9.8% |
| Others | 25.7 | 27.6 | 1,075 | 182 | 92.0% |
| Total | 3,881 | 4,544 | 4,804 | 4,474 | 4.9% |
Top Suppliers of Cereals; Maize (Corn), Seed to Azerbaijan in 2022:
- Turkey (263.9 tons)
- Serbia (149.3 tons)
- Austria (141.5 tons)
- Italy (127.8 tons)
- Georgia (52.8 tons)
- France (43.7 tons)
- Ukraine (36.9 tons)
- Romania (33.4 tons)
- Russia (32.4 tons)
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This report provides an in-depth analysis of the maize market in Azerbaijan.
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This report provides an in-depth analysis of the grain market in Azerbaijan.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in Azerbaijan.
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This report provides an in-depth analysis of the global maize market.
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The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
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The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
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In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
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Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
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Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
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The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
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Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
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Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
