Price for Cereals; Maize (Corn), Seed in Greece - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Greece (CIF) - 2023
- Price for Cereals; Maize (Corn), Seed in Greece (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Greece
- Exports of Cereals; Maize (Corn), Seed in Greece
Price for Cereals; Maize (Corn), Seed in Greece (CIF) - 2023
The average cereals; maize (corn), seed import price stood at $251 per ton in July 2023, waning by -25.1% against the previous month. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in November 2022 an increase of 186% m-o-m. The import price peaked at $3,622 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Bulgaria.
From July 2022 to July 2023, the rate of growth in terms of prices for France amounted to +28.7% per month.
Price for Cereals; Maize (Corn), Seed in Greece (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $3,004 per ton in 2022, surging by 21% against the previous year. In general, the export price saw a buoyant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 114%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($5,191 per ton), while the average price for exports to Bulgaria ($509 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 Italy (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Greece
Cereals; maize (corn), seed imports into Greece dropped rapidly to 28K tons in 2022, waning by -44.5% on the previous year's figure. Overall, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by 94%. As a result, imports attained the peak of 51K tons, and then plummeted in the following year.
In value terms, cereals; maize (corn), seed imports contracted remarkably to $33M in 2022. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of $44M, and then declined notably in the following year.
| Import of Cereals; Maize (Corn), Seed in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.5 | 5.9 | 13.1 | 15.0 | 62.4% |
| Bulgaria | 9.0 | 7.4 | 17.0 | 9.1 | 0.4% |
| France | 6.6 | 12.9 | 13.0 | 7.2 | 2.9% |
| Romania | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Others | 1.7 | 0.7 | 0.6 | 1.0 | -16.2% |
| Total | 20.8 | 26.8 | 43.7 | 32.7 | 16.3% |
Top Suppliers of Cereals; Maize (Corn), Seed to Greece in 2022:
- Bulgaria (23.3K tons)
- Italy (2.6K tons)
- Romania (1.3K tons)
- France (1.0K tons)
Exports of Cereals; Maize (Corn), Seed in Greece
In 2022, overseas shipments of cereals; maize (corn), seeds were finally on the rise to reach 1.3K tons after two years of decline. Over the period under review, exports, however, recorded a sharp decline.
In value terms, cereals; maize (corn), seed exports skyrocketed to $4M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 495 | 1,719 | 1,341 | 2,511 | 71.8% |
| Hungary | 202 | 34.6 | 42.1 | 260 | 8.8% |
| France | 61.6 | 246 | 159 | 231 | 55.4% |
| Iran | 167 | 1.1 | 193 | 202 | 6.5% |
| Morocco | N/A | N/A | 20.1 | 162 | 706.0% |
| Saudi Arabia | N/A | N/A | N/A | 144 | 0% |
| Syrian Arab Republic | N/A | 10.9 | N/A | 64.9 | 144.0% |
| Bulgaria | 1,085 | 308 | 186 | 62.8 | -61.3% |
| Cyprus | 5.4 | 31.1 | 76.4 | 45.5 | 103.5% |
| Kosovo | N/A | 41.6 | 58.5 | 36.5 | -6.3% |
| Romania | 303 | 482 | 8.2 | N/A | -83.5% |
| Others | 424 | 281 | 473 | 311 | -9.8% |
| Total | 2,742 | 3,156 | 2,557 | 4,031 | 13.7% |
Top Export Markets for Cereals; Maize (Corn), Seed from Greece in 2022:
- Italy (569.1 tons)
- Morocco (139.0 tons)
- Bulgaria (123.4 tons)
- Saudi Arabia (116.0 tons)
- Cyprus (59.6 tons)
- Iran (54.2 tons)
- Hungary (51.7 tons)
- Syrian Arab Republic (48.5 tons)
- France (44.5 tons)
- Kosovo (31.4 tons)
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