Price for Cereals; Maize (Corn), Seed in Indonesia - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Indonesia (FOB) - 2022
- Price for Cereals; Maize (Corn), Seed in Indonesia (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in Indonesia
- Imports of Cereals; Maize (Corn), Seed in Indonesia
Price for Cereals; Maize (Corn), Seed in Indonesia (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $2,760 per ton, surging by 1.7% against the previous year. In general, the export price recorded a noticeable expansion. The pace of growth appeared the most rapid in 2019 an increase of 258%. The export price peaked at $2,803 per ton in 2020; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($2,759 per ton), while the average price for exports to India amounted to $2,699 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Indonesia (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $2,119 per ton in 2022, falling by -30.5% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2020 when the average import price increased by 207% against the previous year. The import price peaked at $3,199 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the Philippines ($6,056 per ton), while the price for India ($1,701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Maize (Corn), Seed in Indonesia
After three years of growth, shipments abroad of cereals; maize (corn), seeds decreased by -41.3% to 762 tons in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 433% against the previous year. As a result, the exports attained the peak of 1.3K tons, and then contracted significantly in the following year.
In value terms, cereals; maize (corn), seed exports fell significantly to $2.1M in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 416%. As a result, the exports reached the peak of $3.5M, and then shrank remarkably in the following year.
| Export of Cereals; Maize (Corn), Seed in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 49.8 | 56.0 | 1,839 | 1,955 | 239.9% |
| India | 0.1 | 381 | N/A | 133 | 999.7% |
| Myanmar | 349 | 0.4 | 0.1 | 15.4 | -64.7% |
| Sri Lanka | N/A | 242 | 291 | N/A | 20.2% |
| Vietnam | 35.2 | N/A | 766 | N/A | 366.5% |
| Pakistan | 1.2 | N/A | 628 | N/A | 2187.6% |
| Others | 0.9 | 3.2 | 1.2 | N/A | 15.5% |
| Total | 436 | 683 | 3,525 | 2,104 | 69.0% |
Top Export Markets for Cereals; Maize (Corn), Seed from Indonesia in 2022:
- Thailand (708.9 tons)
- India (49.3 tons)
- Myanmar (4.2 tons)
Imports of Cereals; Maize (Corn), Seed in Indonesia
In 2022, cereals; maize (corn), seed imports into Indonesia skyrocketed to 727 tons, rising by 23% on the previous year's figure. Overall, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year.
In value terms, cereals; maize (corn), seed imports fell to $1.5M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +45.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports reached the peak of $1.8M, and then fell in the following year.
| Import of Cereals; Maize (Corn), Seed in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 771 | 61.5 | 15.6 | 988 | 8.6% |
| Thailand | 257 | 1,087 | 1,780 | 550 | 28.9% |
| Others | 29.7 | 124 | 14.3 | 3.7 | -50.1% |
| Total | 1,057 | 1,273 | 1,810 | 1,542 | 13.4% |
Top Suppliers of Cereals; Maize (Corn), Seed to Indonesia in 2022:
- India (580.7 tons)
- Thailand (146.1 tons)
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