Price for Cereals; Maize (Corn), Seed in New Zealand - 2023

Contents:

  1. Price for Cereals; Maize (Corn), Seed in New Zealand (CIF) - 2022
  2. Price for Cereals; Maize (Corn), Seed in New Zealand (FOB) - 2022
  3. Imports of Cereals; Maize (Corn), Seed in New Zealand
  4. Exports of Cereals; Maize (Corn), Seed in New Zealand

Price for Cereals; Maize (Corn), Seed in New Zealand (CIF) - 2022

The average cereals; maize (corn), seed import price stood at $209 per ton in 2022, reducing by -7.4% against the previous year. Over the period under review, the import price saw a significant decrease. The most prominent rate of growth was recorded in 2017 an increase of 41%. Over the period under review, average import prices hit record highs at $7,274 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Romania.

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +5.3% per year.

Price for Cereals; Maize (Corn), Seed in New Zealand (FOB) - 2022

The average cereals; maize (corn), seed export price stood at $2,410 per ton in 2022, waning by -9.7% against the previous year. In general, the export price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2013 an increase of 139% against the previous year. Over the period under review, the average export prices reached the maximum at $7,079 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($7,787 per ton), while the average price for exports to Germany ($887 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 Switzerland (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereals; Maize (Corn), Seed in New Zealand

In 2022, the amount of cereals; maize (corn), seeds imported into New Zealand reached 87K tons, growing by 4.9% against the year before. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 5.5% against the previous year.

In value terms, cereals; maize (corn), seed imports fell slightly to $18M in 2022. In general, imports, however, faced a abrupt shrinkage.

Import of Cereals; Maize (Corn), Seed in New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania30.518.117.516.7-18.2%
Others1.92.61.21.5-7.6%
Total32.520.718.718.1-17.7%

Top Suppliers of Cereals; Maize (Corn), Seed to New Zealand in 2022:

  1. Romania (86.6K tons)

Exports of Cereals; Maize (Corn), Seed in New Zealand

In 2022, cereals; maize (corn), seed exports from New Zealand shrank sharply to 911 tons, declining by -58.1% compared with 2021 figures. In general, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 125%.

In value terms, cereals; maize (corn), seed exports dropped notably to $2.2M in 2022. Overall, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 102% against the previous year.

Export of Cereals; Maize (Corn), Seed in New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia5.61.94.31.7-32.8%
Japan1.10.50.40.3-35.2%
France0.30.10.40.1-30.7%
Switzerland4.7N/AN/AN/A0%
Germany0.1N/A0.1N/A0.0%
Austria2.10.1N/AN/A-95.2%
United States0.6N/AN/AN/A0%
South Africa0.1N/AN/AN/A0%
Others0.10.20.7N/A164.6%
Total14.72.95.82.2-46.9%

Top Export Markets for Cereals; Maize (Corn), Seed from New Zealand in 2022:

  1. Australia (712.8 tons)
  2. Japan (143.3 tons)
  3. France (27.0 tons)
  4. Germany (24.3 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Cereals; maize (corn), seed - New Zealand