Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada - 2023
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada (FOB) - 2023
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada (CIF) - 2022
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada (FOB) - 2023
In December 2023, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $391 per ton, flattening at the previous month. In general, the export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices reached the peak figure at $497 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In December 2023, the country with the highest price was the United States ($428 per ton), while the average price for exports to Japan totaled $369 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.9%), while the prices for the other major destinations experienced a decline.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada (CIF) - 2022
The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $585 per ton in 2022, with an increase of 57% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74% against the previous year. Over the period under review, average import prices hit record highs at $598 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.3% per year.
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada
In 2022, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Canada reduced remarkably to 18K tons, with a decrease of -41.4% against 2021. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 62% against the previous year. As a result, the exports reached the peak of 32K tons, and then declined remarkably in the following year.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) declined dramatically to $8.3M in 2022. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 53% against the previous year.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.3 | 3.5 | 4.3 | 4.9 | 4.5% |
| Japan | 5.3 | 3.7 | 3.9 | 3.4 | -13.8% |
| United Arab Emirates | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Qatar | 1.6 | N/A | 2.8 | N/A | 32.3% |
| Others | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| Total | 12.0 | 7.4 | 11.2 | 8.3 | -11.6% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Canada in 2022:
- United States (9.9K tons)
- Japan (8.5K tons)
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada
In 2022, the amount of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) imported into Canada rose slightly to 5.5K tons, with an increase of 3.1% on the previous year. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 230%. As a result, imports reached the peak of 8.1K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $3.2M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 732 | 1,462 | 1,669 | 2,887 | 58.0% |
| China | 247 | 30.5 | 102 | 32.2 | -49.3% |
| Others | 95.8 | 230 | 197 | 273 | 41.8% |
| Total | 1,075 | 1,722 | 1,969 | 3,193 | 43.7% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Canada in 2022:
- United States (5.3K tons)
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