Price for Cereals; Maize (Corn), Seed in the United States - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in the United States (FOB) - 2023
- Price for Cereals; Maize (Corn), Seed in the United States (CIF) - 2022
- Exports of Cereals; Maize (Corn), Seed in the United States
- Imports of Cereals; Maize (Corn), Seed in the United States
Price for Cereals; Maize (Corn), Seed in the United States (FOB) - 2023
In August 2023, the average cereals; maize (corn), seed export price amounted to $2,451 per ton, rising by 17% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 141% against the previous month. As a result, the export price attained the peak level of $5,639 per ton. From June 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Canada ($26,609 per ton), while the average price for exports to South Korea ($456 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in the United States (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $5,437 per ton, with an increase of 27% against the previous year. Over the period under review, the import price showed a temperate increase. The growth pace was the most rapid in 2020 an increase of 89%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Canada ($5,837 per ton), while the price for Mexico ($2,604 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Maize (Corn), Seed in the United States
Cereals; maize (corn), seed exports from the United States expanded notably to 83K tons in 2022, growing by 12% compared with the previous year. In general, exports, however, showed a pronounced downturn.
In value terms, cereals; maize (corn), seed exports rose notably to $291M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern.
| Export of Cereals; Maize (Corn), Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 157 | 167 | 137 | 131 | -5.9% |
| Pakistan | 22.0 | 22.5 | 33.4 | 37.6 | 19.6% |
| Mexico | 32.4 | 23.7 | 33.0 | 32.3 | -0.1% |
| Argentina | 11.5 | 11.2 | 18.5 | 27.0 | 32.9% |
| South Africa | 23.3 | 9.6 | 9.4 | 10.7 | -22.8% |
| South Korea | 1.0 | 3.2 | 3.0 | 8.5 | 104.1% |
| Japan | 0.3 | 1.3 | 2.4 | 8.3 | 202.4% |
| France | 11.1 | 4.5 | 4.0 | 6.6 | -15.9% |
| Malaysia | 0.2 | N/A | N/A | 2.5 | 132.1% |
| Taiwan (Chinese) | 4.8 | N/A | N/A | N/A | 0% |
| Others | 30.1 | 25.6 | 30.0 | 26.4 | -4.3% |
| Total | 294 | 269 | 271 | 291 | -0.3% |
Top Export Markets for Cereals; Maize (Corn), Seed from the United States in 2022:
- Canada (32.0K tons)
- Mexico (14.5K tons)
- Pakistan (13.4K tons)
- Argentina (6.6K tons)
- South Korea (5.3K tons)
- Malaysia (2.8K tons)
- Japan (2.6K tons)
- South Africa (1.3K tons)
- France (1.1K tons)
Imports of Cereals; Maize (Corn), Seed in the United States
In 2022, the amount of cereals; maize (corn), seeds imported into the United States contracted sharply to 23K tons, declining by -29% compared with the previous year's figure. Over the period under review, imports faced a sharp decline. The smallest decline of -10% was in 2021.
In value terms, cereals; maize (corn), seed imports declined to $125M in 2022. Overall, imports faced a abrupt contraction.
| Import of Cereals; Maize (Corn), Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 26.4 | 51.7 | 54.2 | 55.1 | 27.8% |
| Chile | 71.0 | 66.0 | 53.4 | 51.3 | -10.3% |
| Argentina | 12.2 | 27.1 | 17.8 | 9.2 | -9.0% |
| Brazil | 67.9 | 2.5 | 6.3 | 2.3 | -67.6% |
| Mexico | 1.1 | 1.2 | 1.2 | 1.4 | 8.4% |
| Paraguay | 17.1 | N/A | N/A | N/A | 0% |
| Myanmar | 0.1 | N/A | N/A | N/A | 0% |
| Others | 7.7 | 8.5 | 6.1 | 5.7 | -9.5% |
| Total | 203 | 157 | 139 | 125 | -14.9% |
Top Suppliers of Cereals; Maize (Corn), Seed to the United States in 2022:
- Chile (9.7K tons)
- Canada (9.4K tons)
- Argentina (2.1K tons)
- Brazil (0.7K tons)
- Mexico (0.5K tons)
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