Price for Cereals; Maize (Corn), Seed in Vietnam - 2021
Contents:
- Price for Cereals; Maize (Corn), Seed in Vietnam (CIF) - 2021
- Price for Cereals; Maize (Corn), Seed in Vietnam (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Vietnam
- Exports of Cereals; Maize (Corn), Seed in Vietnam
Price for Cereals; Maize (Corn), Seed in Vietnam (CIF) - 2021
In December 2021, the average cereals; maize (corn), seed import price amounted to $3,926 per ton, reducing by -25.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2021 an increase of 190% against the previous month. Over the period under review, average import prices reached the peak figure at $6,463 per ton in August 2021; however, from September 2021 to December 2021, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($6,238 per ton), while the price for Indonesia ($3,007 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Seed in Vietnam (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $3,634 per ton in 2022, therefore, remained relatively stable against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; maize (corn), seed export price increased by +27.8% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 52% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,386 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($4,535 per ton), while the average price for exports to Myanmar ($2,562 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 the Philippines (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Vietnam
Cereals; maize (corn), seed imports into Vietnam shrank notably to 5.9K tons in 2022, with a decrease of -29.3% against the previous year's figure. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of 8.3K tons, and then fell notably in the following year.
In value terms, cereals; maize (corn), seed imports declined modestly to $20M in 2022. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 1.4% against the previous year.
| Import of Cereals; Maize (Corn), Seed in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.8 | 4.9 | 14.0 | 13.3 | 155.2% |
| Thailand | 17.1 | 8.6 | 3.1 | 3.9 | -38.9% |
| China | 3.2 | 2.3 | 1.4 | 1.3 | -25.9% |
| Pakistan | 0.8 | 0.6 | 0.4 | 0.3 | -27.9% |
| Others | 2.4 | 3.7 | 1.5 | 1.5 | -14.5% |
| Total | 24.3 | 20.1 | 20.4 | 20.3 | -5.8% |
Top Suppliers of Cereals; Maize (Corn), Seed to Vietnam in 2022:
- China (undefinedK tons)
- Myanmar (5.4K tons)
- Pakistan (0.3K tons)
- Thailand (0.1K tons)
Exports of Cereals; Maize (Corn), Seed in Vietnam
Cereals; maize (corn), seed exports from Vietnam totaled 1.7K tons in 2022, growing by 2.1% compared with the previous year. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. As a result, the exports reached the peak of 1.8K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; maize (corn), seed exports totaled $6.3M in 2022. The total export value increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 40%. As a result, the exports attained the peak of $6.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Maize (Corn), Seed in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 2.8 | 3.7 | 2.9 | 2.9 | 1.2% |
| Lao People's Democratic Republic | 0.3 | 1.3 | 1.7 | 1.6 | 74.7% |
| Myanmar | 0.9 | 1.1 | 1.4 | 1.5 | 18.6% |
| Cambodia | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 4.5 | 6.4 | 6.2 | 6.3 | 11.9% |
Top Export Markets for Cereals; Maize (Corn), Seed from Vietnam in 2022:
- Philippines (702.3 tons)
- Myanmar (584.5 tons)
- Lao People's Democratic Republic (372.4 tons)
- Cambodia (53.5 tons)
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
