Price for Cereals; Maize (Corn), Seed in Serbia - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Serbia (FOB) - 2022
- Price for Cereals; Maize (Corn), Seed in Serbia (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in Serbia
- Imports of Cereals; Maize (Corn), Seed in Serbia
Price for Cereals; Maize (Corn), Seed in Serbia (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $2,837 per ton in 2022, rising by 24% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($3,835 per ton), while the average price for exports to North Macedonia ($811 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 France (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Serbia (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $4,584 per ton in 2022, increasing by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum at $5,129 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($6,263 per ton), while the price for Bosnia and Herzegovina ($1,582 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Seed in Serbia
In 2022, the amount of cereals; maize (corn), seeds exported from Serbia was estimated at 24K tons, with an increase of 13% on 2021. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed exports surged to $68M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 9.4 | 6.3 | 7.2 | 10.6 | 4.1% |
| Russia | 5.5 | 5.2 | 7.1 | 8.7 | 16.5% |
| Croatia | 2.1 | 2.9 | 3.7 | 6.3 | 44.2% |
| Romania | 4.1 | 3.9 | 5.9 | 6.2 | 14.8% |
| Germany | 2.9 | 5.0 | 2.3 | 5.9 | 26.7% |
| Italy | 0.1 | 0.7 | 1.2 | 4.7 | 260.9% |
| Austria | 1.7 | 3.1 | 5.4 | 4.6 | 39.3% |
| Bosnia and Herzegovina | 3.7 | 3.4 | 3.6 | 3.4 | -2.8% |
| France | 2.6 | 4.3 | 1.7 | 3.2 | 7.2% |
| Iraq | 0.4 | 0.7 | 1.1 | 2.3 | 79.2% |
| North Macedonia | 1.1 | 1.1 | 1.7 | 1.7 | 15.6% |
| Bulgaria | 2.3 | 0.3 | 1.3 | 1.2 | -19.5% |
| Uzbekistan | 0.3 | 0.7 | 0.6 | 1.1 | 54.2% |
| Others | 7.9 | 6.4 | 5.5 | 7.6 | -1.3% |
| Total | 44.3 | 43.8 | 48.3 | 67.6 | 15.1% |
Top Export Markets for Cereals; Maize (Corn), Seed from Serbia in 2022:
- Hungary (4.3K tons)
- Russia (2.4K tons)
- North Macedonia (2.1K tons)
- Romania (2.0K tons)
- Austria (1.9K tons)
- Croatia (1.9K tons)
- Italy (1.8K tons)
- Germany (1.8K tons)
- Bosnia and Herzegovina (1.0K tons)
- Iraq (0.9K tons)
- France (0.8K tons)
- Uzbekistan (0.5K tons)
- Bulgaria (0.4K tons)
Imports of Cereals; Maize (Corn), Seed in Serbia
In 2022, the amount of cereals; maize (corn), seeds imported into Serbia skyrocketed to 10K tons, picking up by 119% against the year before. In general, imports showed 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 $46M in 2022. Over the period under review, imports recorded 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 Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.0 | 3.3 | 7.7 | 11.7 | 43.0% |
| Hungary | 3.0 | 3.0 | 5.2 | 10.8 | 53.3% |
| Romania | 5.3 | 5.8 | 2.2 | 10.5 | 25.6% |
| Turkey | 0.1 | 0.1 | 0.1 | 5.9 | 289.3% |
| Italy | 0.8 | 1.7 | 2.1 | 2.9 | 53.6% |
| Austria | 0.4 | 0.9 | 0.8 | 1.1 | 40.1% |
| Ukraine | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Bosnia and Herzegovina | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
| Croatia | 0.6 | 0.3 | 0.4 | 0.1 | -45.0% |
| Others | 1.0 | 1.0 | 1.3 | 2.1 | 28.1% |
| Total | 15.6 | 16.4 | 20.3 | 46.3 | 43.7% |
Top Suppliers of Cereals; Maize (Corn), Seed to Serbia in 2022:
- Croatia (undefinedK tons)
- Turkey (2.3K tons)
- France (2.2K tons)
- Hungary (1.9K tons)
- Romania (1.7K tons)
- Italy (0.7K tons)
- Ukraine (0.3K tons)
- Bosnia and Herzegovina (0.3K tons)
- Austria (0.2K tons)
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