Price for Cereals; Maize (Corn), Seed in Slovakia - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Slovakia (FOB) - 2023
- Price for Cereals; Maize (Corn), Seed in Slovakia (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in Slovakia
- Imports of Cereals; Maize (Corn), Seed in Slovakia
Price for Cereals; Maize (Corn), Seed in Slovakia (FOB) - 2023
The average cereals; maize (corn), seed export price stood at $1,132 per ton in July 2023, picking up by 3.5% against the previous month. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in December 2022 an increase of 103% against the previous month. The export price peaked at $1,860 per ton in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Italy ($5,717 per ton), while the average price for exports to Austria ($193 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+46.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Slovakia (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $3,890 per ton, rising by 3.8% against the previous year. In general, the import price showed a measured expansion. The pace of growth appeared the most rapid in 2019 an increase of 289% against the previous year. The import price peaked at $4,451 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($4,678 per ton), while the price for the Czech Republic ($1,430 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Seed in Slovakia
In 2022, after three years of growth, there was significant decline in shipments abroad of cereals; maize (corn), seeds, when their volume decreased by -7.2% to 58K tons. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 60%. As a result, the exports attained the peak of 63K tons, and then dropped in the following year.
In value terms, cereals; maize (corn), seed exports amounted to $69M in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 0.4 | 1.4 | 7.3 | 20.1 | 269.0% |
| Germany | 7.5 | 8.0 | 10.4 | 14.8 | 25.4% |
| Poland | 12.4 | 12.4 | 14.7 | 9.2 | -9.5% |
| Czech Republic | 5.3 | 6.9 | 12.0 | 7.6 | 12.8% |
| Austria | 4.8 | 4.5 | 11.0 | 6.5 | 10.6% |
| Belarus | 3.0 | 5.3 | 4.3 | 3.6 | 6.3% |
| Italy | 0.1 | N/A | 0.1 | 1.8 | 162.1% |
| Others | 0.7 | 2.5 | 6.5 | 4.9 | 91.3% |
| Total | 34.2 | 41.0 | 66.2 | 68.6 | 26.1% |
Top Export Markets for Cereals; Maize (Corn), Seed from Slovakia in 2022:
- Hungary (30.0K tons)
- Germany (6.8K tons)
- Austria (6.1K tons)
- Poland (5.1K tons)
- Czech Republic (4.3K tons)
- Italy (3.7K tons)
- Belarus (0.7K tons)
Imports of Cereals; Maize (Corn), Seed in Slovakia
In 2022, supplies from abroad of cereals; maize (corn), seeds decreased by -7.8% to 7.9K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. As a result, imports attained the peak of 9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; maize (corn), seed imports fell slightly to $31M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports attained the peak of $34M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereals; Maize (Corn), Seed in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 16.1 | 23.1 | 19.4 | 22.1 | 11.1% |
| Germany | 1.4 | 2.4 | 1.8 | 3.8 | 39.5% |
| France | 4.4 | 4.4 | 5.2 | 2.5 | -17.2% |
| Austria | 1.4 | 1.4 | 3.1 | 0.7 | -20.6% |
| Czech Republic | 0.4 | 0.4 | 0.8 | 0.3 | -9.1% |
| Romania | 1.5 | 2.1 | 0.7 | 0.2 | -48.9% |
| Serbia | 1.0 | 0.3 | 0.4 | 0.2 | -41.5% |
| Others | 0.2 | 0.2 | 0.5 | 0.8 | 58.7% |
| Total | 26.5 | 34.4 | 32.0 | 30.6 | 4.9% |
Top Suppliers of Cereals; Maize (Corn), Seed to Slovakia in 2022:
- Hungary (4730.9 tons)
- Germany (1443.6 tons)
- France (662.1 tons)
- Austria (359.6 tons)
- Czech Republic (188.1 tons)
- Serbia (88.0 tons)
- Romania (54.7 tons)
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