Price for Cereals; Maize (Corn), Seed in Colombia - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Colombia (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Colombia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Colombia
- Exports of Cereals; Maize (Corn), Seed in Colombia
Price for Cereals; Maize (Corn), Seed in Colombia (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $6,721 per ton in February 2022, declining by -23.7% against the previous month. Over the period under review, the import price, however, enjoyed a strong expansion. The growth pace was the most rapid in June 2021 an increase of 109% against the previous month. Over the period under review, average import prices reached the maximum at $10,236 per ton in November 2021; however, from December 2021 to February 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($8,526 per ton), while the price for Guatemala ($4,026 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Colombia (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $3,927 per ton, growing by 5.6% against the previous year. Overall, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 23%. As a result, the export price attained the peak level of $6,391 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($4,531 per ton), while the average price for exports to Venezuela ($3,771 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 Mexico (+5.7%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Maize (Corn), Seed in Colombia
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 -13.1% to 4.5K tons. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.3% 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 +38.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of 5.2K tons, and then declined in the following year.
In value terms, cereals; maize (corn), seed imports reduced rapidly to $29M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +36.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48%. As a result, imports attained the peak of $34M, and then reduced sharply in the following year.
| Import of Cereals; Maize (Corn), Seed in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 16.4 | 16.0 | 27.9 | 23.1 | 12.1% |
| Honduras | 2.8 | 4.1 | 2.9 | 2.7 | -1.2% |
| Mexico | 1.0 | 1.5 | 1.5 | 1.3 | 9.1% |
| Bolivia | 0.5 | 1.1 | 1.4 | 1.2 | 33.9% |
| Others | 0.4 | 0.6 | 0.7 | 0.6 | 14.5% |
| Total | 21.1 | 23.2 | 34.4 | 28.8 | 10.9% |
Top Suppliers of Cereals; Maize (Corn), Seed to Colombia in 2022:
- Brazil (3164.0 tons)
- Honduras (623.2 tons)
- Mexico (349.7 tons)
- Bolivia (279.2 tons)
Exports of Cereals; Maize (Corn), Seed in Colombia
In 2022, after three years of growth, there was significant decline in shipments abroad of cereals; maize (corn), seeds, when their volume decreased by -18.5% to 965 tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 106%.
In value terms, cereals; maize (corn), seed exports reduced to $3.8M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 71% against the previous year.
| Export of Cereals; Maize (Corn), Seed in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 978 | 2,238 | 3,288 | 2,837 | 42.6% |
| Peru | 117 | 485 | 795 | 686 | 80.3% |
| Panama | 157 | 381 | 232 | 267 | 19.4% |
| Ecuador | 592 | N/A | 86.2 | N/A | -61.8% |
| Others | 21.4 | 75.2 | N/A | N/A | 251.4% |
| Total | 1,865 | 3,180 | 4,401 | 3,790 | 26.7% |
Top Export Markets for Cereals; Maize (Corn), Seed from Colombia in 2022:
- Venezuela (752.4 tons)
- Peru (151.4 tons)
- Panama (61.2 tons)
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