Price for Cereals; Maize (Corn), Seed in Ecuador - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Ecuador (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Ecuador (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Ecuador
- Exports of Cereals; Maize (Corn), Seed in Ecuador
Price for Cereals; Maize (Corn), Seed in Ecuador (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $7,669 per ton in January 2022, increasing by 17% against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in August 2021 when the average import price increased by 44% against the previous month. Over the period under review, average import prices reached the maximum in January 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Bolivia ($13,143 per ton), while the price for Colombia ($4,182 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Ecuador (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $6,901 per ton in 2022, dropping by -5.4% against the previous year. In general, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 an increase of 70% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,296 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +31.5% per year.
Imports of Cereals; Maize (Corn), Seed in Ecuador
In 2022, the amount of cereals; maize (corn), seeds imported into Ecuador fell to 4.8K tons, declining by -13.7% on 2021 figures. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of 5.5K tons, and then contracted in the following year.
In value terms, cereals; maize (corn), seed imports fell to $31M in 2022. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports reached the peak of $37M, and then dropped in the following year.
| Import of Cereals; Maize (Corn), Seed in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 22.0 | 15.6 | 19.6 | 21.9 | -0.2% |
| Mexico | 6.0 | 3.9 | 4.4 | 4.9 | -6.5% |
| Bolivia | 0.7 | 1.5 | 2.9 | 3.2 | 66.0% |
| Colombia | 1.2 | 0.6 | 0.1 | 0.6 | -20.6% |
| Brazil | 5.8 | 4.1 | 4.7 | 0.5 | -55.8% |
| Others | 0.4 | 0.3 | 5.0 | 0.2 | -20.6% |
| Total | 36.1 | 25.9 | 36.8 | 31.4 | -4.5% |
Top Suppliers of Cereals; Maize (Corn), Seed to Ecuador in 2022:
- Thailand (3199.1 tons)
- Mexico (779.8 tons)
- Bolivia (548.3 tons)
- Colombia (123.9 tons)
- Brazil (61.7 tons)
Exports of Cereals; Maize (Corn), Seed in Ecuador
In 2022, after three years of growth, there was decline in shipments abroad of cereals; maize (corn), seeds, when their volume decreased by -3.1% to 13 tons. The total export volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 6.6% against the previous year.
In value terms, cereals; maize (corn), seed exports reduced to $87K in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports reached the peak of $95K, and then declined in the following year.
| Export of Cereals; Maize (Corn), Seed in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 65.7 | 78.9 | 94.7 | 86.8 | 9.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 65.7 | 78.9 | 94.7 | 86.8 | 9.7% |
Top Export Markets for Cereals; Maize (Corn), Seed from Ecuador in 2022:
- United States (12.6 tons)
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