Price for Cereals; Maize (Corn), Seed in China - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in China (FOB) - 2022
- Price for Cereals; Maize (Corn), Seed in China (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in China
- Imports of Cereals; Maize (Corn), Seed in China
Price for Cereals; Maize (Corn), Seed in China (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $3,688 per ton, with a decrease of -10% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; maize (corn), seed export price decreased by -20.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 59% against the previous year. The export price peaked at $4,685 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($5,280 per ton), while the average price for exports to Tajikistan ($1,000 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 Iran (+66.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in China (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $17,596 per ton, falling by -14.4% against the previous year. In general, the import price, however, saw temperate growth. The pace of growth was the most pronounced in 2014 an increase of 146%. As a result, import price attained the peak level of $37,239 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
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 Argentina ($44,511 per ton), while the price for Germany ($9,330 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.6%), while the prices for the other major suppliers experienced a decline.
Exports of Cereals; Maize (Corn), Seed in China
After three years of growth, overseas shipments of cereals; maize (corn), seeds decreased by -17.9% to 1K tons in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then contracted notably in the following year.
In value terms, cereals; maize (corn), seed exports contracted sharply to $3.8M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 36%.
| Export of Cereals; Maize (Corn), Seed in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.4 | 3.1 | 4.3 | 3.0 | 7.7% |
| Angola | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| Tajikistan | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Iran | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.4 | 0.3 | N/A | 73.2% |
| Total | 2.9 | 3.9 | 5.2 | 3.8 | 9.4% |
Top Export Markets for Cereals; Maize (Corn), Seed from China in 2022:
- Vietnam (575.2 tons)
- Angola (244.1 tons)
- Tajikistan (191.1 tons)
- Iran (22.0 tons)
Imports of Cereals; Maize (Corn), Seed in China
In 2022, overseas purchases of cereals; maize (corn), seeds were finally on the rise to reach 277 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt decrease.
In value terms, cereals; maize (corn), seed imports surged to $4.9M in 2022. In general, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 65.8 | 624 | 1,431 | 2,604 | 240.8% |
| Germany | 102 | 45.4 | 518 | 1,161 | 124.9% |
| Argentina | 53.8 | 28.8 | 168 | 554 | 117.6% |
| Chile | 58.7 | 77.2 | 136 | 460 | 98.6% |
| Myanmar | 4,423 | 2,631 | 799 | N/A | -57.5% |
| Others | 4.2 | 15.8 | 36.1 | 101 | 188.6% |
| Total | 4,707 | 3,423 | 3,088 | 4,882 | 1.2% |
Top Suppliers of Cereals; Maize (Corn), Seed to China in 2022:
- France (125.4 tons)
- Germany (124.4 tons)
- Argentina (12.5 tons)
- Chile (10.5 tons)
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