Price for Cereals; Maize (Corn), Seed in Mexico - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Mexico (CIF) - 2023
- Price for Cereals; Maize (Corn), Seed in Mexico (FOB) - 2023
- Imports of Cereals; Maize (Corn), Seed in Mexico
- Exports of Cereals; Maize (Corn), Seed in Mexico
Price for Cereals; Maize (Corn), Seed in Mexico (CIF) - 2023
The average cereals; maize (corn), seed import price stood at $4,836 per ton in June 2023, declining by -62.2% against the previous month. Overall, the import price, however, posted prominent growth. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 108% against the previous month. The import price peaked at $12,780 per ton in May 2023, and then fell markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($40,172 per ton), while the price for Brazil ($3,560 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Chile (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Seed in Mexico (FOB) - 2023
The average cereals; maize (corn), seed export price stood at $7,147 per ton in June 2023, declining by -81.4% against the previous month. Over the period under review, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in May 2023 an increase of 926% against the previous month. As a result, the export price reached the peak level of $38,439 per ton, and then contracted markedly in the following month.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Ecuador ($7,179 per ton), while the average price for exports to the United States stood at $1,599 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Mexico
In 2022, overseas purchases of cereals; maize (corn), seeds increased by 35% to 13K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed imports soared to $34M in 2022. Over the period under review, imports, however, saw a slight slump.
| Import of Cereals; Maize (Corn), Seed in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.8 | 14.9 | 17.6 | 20.0 | -1.3% |
| Brazil | 11.9 | 11.5 | 5.5 | 10.9 | -2.9% |
| Chile | 3.0 | 2.4 | 2.4 | 2.9 | -1.1% |
| Others | 0.1 | 2.0 | 0.2 | 0.1 | 0.0% |
| Total | 35.8 | 30.8 | 25.7 | 33.9 | -1.8% |
Top Suppliers of Cereals; Maize (Corn), Seed to Mexico in 2022:
- United States (7.2K tons)
- Brazil (4.1K tons)
- Chile (1.3K tons)
Exports of Cereals; Maize (Corn), Seed in Mexico
In 2022, the amount of cereals; maize (corn), seeds exported from Mexico dropped rapidly to 423 tons, waning by -80.8% compared with the previous year's figure. Overall, exports continue to indicate a sharp downturn. The smallest decline of -55.8% was in 2021.
In value terms, cereals; maize (corn), seed exports declined remarkably to $2.3M in 2022. In general, exports faced a significant decline. The smallest decline of -19.4% was in 2021.
| Export of Cereals; Maize (Corn), Seed in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 28.7 | 8.7 | 6.8 | 1.7 | -61.0% |
| Guatemala | 5.4 | 6.7 | 0.6 | 0.5 | -54.8% |
| United States | 0.9 | 1.0 | 0.9 | 0.1 | -51.9% |
| Peru | 13.4 | N/A | 1.3 | N/A | -68.9% |
| Others | 1.9 | 0.1 | 3.8 | N/A | 41.4% |
| Total | 50.2 | 16.6 | 13.4 | 2.3 | -64.2% |
Top Export Markets for Cereals; Maize (Corn), Seed from Mexico in 2022:
- Venezuela (309.1 tons)
- Guatemala (94.6 tons)
- United States (19.5 tons)
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