Price for Cereals; Maize (Corn), Seed in the Czech Republic - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in the Czech Republic (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in the Czech Republic (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in the Czech Republic
- Exports of Cereals; Maize (Corn), Seed in the Czech Republic
Price for Cereals; Maize (Corn), Seed in the Czech Republic (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $1,949 per ton, rising by 94% against the previous year. In general, the import price, however, saw a noticeable curtailment. Over the period under review, average import prices attained the peak figure at $4,183 per ton in 2014; however, from 2015 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 Germany ($4,788 per ton), while the price for Slovakia ($803 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in the Czech Republic (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $574 per ton in 2022, increasing by 30% against the previous year. Overall, the export price, however, saw a pronounced decline. The export price peaked at $2,131 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($3,817 per ton), while the average price for exports to Germany ($303 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 Poland (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in the Czech Republic
In 2022, after three years of growth, there was significant decline in purchases abroad of cereals; maize (corn), seeds, when their volume decreased by -41% to 24K tons. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 61%.
In value terms, cereals; maize (corn), seed imports expanded notably to $47M in 2022. The total import value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cereals; Maize (Corn), Seed in the Czech Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | 7.7 | 8.3 | 8.3 | 13.3 | 20.0% |
Slovakia | 7.2 | 8.8 | 14.8 | 12.6 | 20.5% |
France | 11.3 | 13.9 | 11.1 | 9.8 | -4.6% |
Austria | 2.7 | 2.3 | 2.1 | 4.3 | 16.8% |
Romania | 1.6 | 1.3 | 2.4 | 3.1 | 24.7% |
Germany | 1.3 | 2.2 | 1.5 | 2.0 | 15.4% |
Others | 1.2 | 0.4 | 0.5 | 1.5 | 7.7% |
Total | 32.9 | 37.2 | 40.8 | 46.6 | 12.3% |
Top Suppliers of Cereals; Maize (Corn), Seed to the Czech Republic in 2022:
- Slovakia (15.7K tons)
- Hungary (3.0K tons)
- France (2.4K tons)
- Austria (1.1K tons)
- Romania (0.8K tons)
- Germany (0.4K tons)
Exports of Cereals; Maize (Corn), Seed in the Czech Republic
In 2022, after three years of growth, there was significant decline in overseas shipments of cereals; maize (corn), seeds, when their volume decreased by -9.8% to 29K tons. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 82%.
In value terms, cereals; maize (corn), seed exports soared to $17M in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
Export of Cereals; Maize (Corn), Seed in the Czech Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 1.5 | 1.0 | 2.7 | 5.5 | 54.2% |
Poland | 0.9 | 1.1 | 1.7 | 3.2 | 52.6% |
Slovakia | 1.0 | 0.8 | 1.4 | 2.7 | 39.2% |
Germany | 1.7 | 3.5 | 6.0 | 2.5 | 13.7% |
Others | 1.6 | 1.9 | 2.6 | 3.1 | 24.7% |
Total | 6.8 | 8.3 | 14.4 | 16.9 | 35.5% |
Top Export Markets for Cereals; Maize (Corn), Seed from the Czech Republic in 2022:
- Austria (15.0K tons)
- Germany (8.2K tons)
- Poland (2.8K tons)
- Slovakia (2.2K tons)
This report provides an in-depth analysis of the maize market in the Czech Republic.
This report provides an in-depth analysis of the grain market in the Czech Republic.
This report provides an in-depth analysis of the global maize market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the maize market in the Czech Republic.
This report provides an in-depth analysis of the global maize market.
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
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.
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.
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
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>
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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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