Price for Cereals; Maize (Corn), Seed in Russia - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Russia (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Russia (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Russia
- Exports of Cereals; Maize (Corn), Seed in Russia
Price for Cereals; Maize (Corn), Seed in Russia (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $3,850 per ton in 2022, leveling off at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $4,646 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hungary ($3,945 per ton) and France ($3,898 per ton), while the price for Serbia ($3,103 per ton) and Slovakia ($3,564 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Russia (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $1,299 per ton, dropping by -30.2% against the previous year. Overall, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $1,861 per ton, and then fell markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($11,733 per ton), while the average price for exports to Belarus ($1,207 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 Ukraine (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Seed in Russia
In 2022, imports of cereals; maize (corn), seeds into Russia amounted to 31K tons, growing by 10% against the year before. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, imports attained the peak of 34K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; maize (corn), seed imports expanded sharply to $119M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. As a result, imports attained the peak of $129M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Maize (Corn), Seed in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 36.8 | 52.4 | 34.7 | 66.2 | 21.6% |
| France | 24.2 | 33.0 | 36.7 | 20.2 | -5.8% |
| Romania | 21.9 | 20.3 | 9.7 | 17.3 | -7.6% |
| Slovakia | 1.7 | 2.1 | 1.6 | 11.7 | 90.2% |
| Serbia | 10.4 | 9.1 | 9.7 | 1.7 | -45.3% |
| Austria | 3.2 | 6.4 | 6.3 | 1.7 | -19.0% |
| Turkey | 2.3 | 2.4 | 3.4 | N/A | 21.6% |
| Others | 3.0 | 3.7 | 5.8 | N/A | 39.0% |
| Total | 103 | 129 | 108 | 119 | 4.9% |
Top Suppliers of Cereals; Maize (Corn), Seed to Russia in 2022:
- Hungary (16.8K tons)
- France (5.2K tons)
- Romania (4.7K tons)
- Slovakia (3.3K tons)
- Serbia (0.5K tons)
- Austria (0.4K tons)
Exports of Cereals; Maize (Corn), Seed in Russia
In 2022, overseas shipments of cereals; maize (corn), seeds were finally on the rise to reach 4.2K tons after two years of decline. Overall, exports, however, recorded a deep setback.
In value terms, cereals; maize (corn), seed exports shrank to $5.5M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $6.1M, and then contracted in the following year.
| Export of Cereals; Maize (Corn), Seed in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 2.0 | 1.5 | 2.7 | 5.1 | 36.6% |
| Ukraine | 0.7 | 1.2 | 1.3 | 0.4 | -17.0% |
| Kazakhstan | 1.4 | 1.1 | 1.4 | N/A | 0.0% |
| Armenia | 0.1 | 0.6 | N/A | N/A | 500.0% |
| Austria | 0.7 | 0.1 | 0.4 | N/A | -24.4% |
| Others | 0.2 | 0.2 | 0.3 | N/A | 22.5% |
| Total | 5.1 | 4.9 | 6.1 | 5.5 | 2.5% |
Top Export Markets for Cereals; Maize (Corn), Seed from Russia in 2022:
- Ukraine (undefinedK tons)
- Kazakhstan (undefinedK tons)
- Belarus (4.2K tons)
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