Price for Cereals; Maize (Corn), Seed in Jordan - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Jordan (CIF) - 2022
- Imports of Cereals; Maize (Corn), Seed in Jordan
Price for Cereals; Maize (Corn), Seed in Jordan (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $5,355 per ton in 2022, jumping by 17% against the previous year. Overall, the import price, however, showed a noticeable downturn. The import price peaked at $8,402 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($13,044 per ton), while the price for India ($778 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-4.9%), while the prices for the other major suppliers experienced a decline.
Imports of Cereals; Maize (Corn), Seed in Jordan
For the fourth year in a row, Jordan recorded growth in overseas purchases of cereals; maize (corn), seeds, which increased by 86% to 157 tons in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed imports surged to $843K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cereals; Maize (Corn), Seed in Jordan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 23.4 | 17.6 | 104 | 380 | 153.2% |
United States | 66.4 | 87.6 | 102 | 196 | 43.4% |
Egypt | 29.1 | 71.8 | 93.3 | 112 | 56.7% |
Hungary | 28.1 | 20.7 | 29.2 | 44.9 | 16.9% |
Greece | 0.1 | 0.1 | 0.1 | 12.1 | 394.6% |
Chile | 5.5 | 7.7 | 7.3 | 7.8 | 12.4% |
India | 18.6 | 17.2 | 11.4 | 6.6 | -29.2% |
France | 3.4 | 7.8 | 18.3 | 6.3 | 22.8% |
Spain | 4.0 | 5.4 | 5.0 | N/A | 11.8% |
Netherlands | 23.4 | 23.2 | 15.6 | N/A | -18.4% |
Pakistan | 11.9 | N/A | N/A | N/A | 0% |
Others | 0.2 | 0.8 | 1.1 | 77.1 | 627.8% |
Total | 214 | 260 | 387 | 843 | 57.9% |
Top Suppliers of Cereals; Maize (Corn), Seed to Jordan in 2022:
- United States (50.8 tons)
- Egypt (46.5 tons)
- Turkey (29.1 tons)
- India (8.5 tons)
- Hungary (6.7 tons)
- Greece (6.6 tons)
- Chile (2.9 tons)
- France (1.4 tons)
This report provides an in-depth analysis of the maize market in Jordan.
This report provides an in-depth analysis of the grain market in Jordan.
This report provides an in-depth analysis of the global maize market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the maize market in Jordan.
This report provides an in-depth analysis of the global maize market.
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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