Price for Cereals; Maize (Corn), Seed in Panama - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Panama (CIF) - 2022
- Imports of Cereals; Maize (Corn), Seed in Panama
Price for Cereals; Maize (Corn), Seed in Panama (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $6,660 per ton in 2022, increasing by 10% against the previous year. Overall, the import price enjoyed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($8,305 per ton), while the price for Colombia ($3,358 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Panama
In 2022, supplies from abroad of cereals; maize (corn), seeds decreased by -5.7% to 580 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports attained the peak of 683 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereals; maize (corn), seed imports expanded slightly to $3.9M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. As a result, imports attained the peak of $4.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Maize (Corn), Seed in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 619 | 1,200 | 1,451 | 1,604 | 37.4% |
| Brazil | 2,133 | 1,867 | 1,577 | 1,485 | -11.4% |
| Mexico | 492 | 661 | 327 | 670 | 10.8% |
| Guatemala | 3.1 | 11.4 | 3.9 | 66.0 | 177.2% |
| Colombia | 331 | 385 | 239 | 36.3 | -52.1% |
| Others | 0.5 | 1.5 | 108 | N/A | 1369.7% |
| Total | 3,579 | 4,127 | 3,706 | 3,861 | 2.6% |
Top Suppliers of Cereals; Maize (Corn), Seed to Panama in 2022:
- Thailand (275.5 tons)
- Brazil (178.8 tons)
- Mexico (96.6 tons)
- Guatemala (18.0 tons)
- Colombia (10.8 tons)
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This report provides an in-depth analysis of the maize market in Panama.
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This report provides an in-depth analysis of the grain market in Panama.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in Panama.
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This report provides an in-depth analysis of the global maize market.
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The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
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The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
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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.
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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.
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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
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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>
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Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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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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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
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Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
