Price for Cereal Groats and Meal; of Maize (Corn) in China - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in China (FOB) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in China (CIF) - 2022
- Exports of Cereal Groats and Meal; of Maize (Corn) in China
- Imports of Cereal Groats and Meal; of Maize (Corn) in China
Price for Cereal Groats and Meal; of Maize (Corn) in China (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $607 per ton in 2022, rising by 5.9% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27%. The export price peaked at $1,156 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,417 per ton), while the average price for exports to South Korea ($523 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 Bangladesh (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Maize (Corn) in China (CIF) - 2022
In 2021, the average import price for cereal groats and meal; of maize (corn)s amounted to $1,225 per ton, declining by -44.1% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 22%. The import price peaked at $3,638 per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +19.6% per year.
Exports of Cereal Groats and Meal; of Maize (Corn) in China
In 2022, shipments abroad of cereal groats and meal; of maize (corn)s decreased by -52.8% to 379 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 75%.
In value terms, exports of cereal groats and meal; of maize (corn)s reduced rapidly to $230K in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 76%.
| Export of Cereal Groats and Meal; of Maize (Corn) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 135 | 142 | 291 | 81.5 | -15.5% |
| Myanmar | N/A | N/A | 69.1 | 76.7 | 11.0% |
| Bangladesh | N/A | 41.0 | 45.6 | 51.3 | 11.9% |
| Japan | N/A | 26.0 | 27.0 | 12.9 | -29.6% |
| United States | 23.6 | 29.6 | 17.5 | 7.5 | -31.8% |
| Cambodia | N/A | 45.4 | N/A | N/A | 0% |
| Others | 3.3 | N/A | 9.8 | N/A | 72.3% |
| Total | 162 | 284 | 460 | 230 | 12.4% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from China in 2022:
- South Korea (155.8 tons)
- Myanmar (120.0 tons)
- Bangladesh (84.0 tons)
- Japan (13.8 tons)
- United States (5.3 tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in China
In 2021, approx. 280 kg of cereal groats and meal; of maize (corn)s were imported into China; increasing by 155% compared with the year before. Over the period under review, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of maize (corn)s surged to $343 in 2021. In general, imports, however, saw a perceptible reduction.
| Import of Cereal Groats and Meal; of Maize (Corn) in China (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Brazil | 111 | 122 | 343 | 75.8% | |
| United States | 29.0 | N/A | N/A | 0% | |
| Ghana | 237 | N/A | N/A | 0% | |
| Others | N/A | 119 | N/A | 0% | |
| Total | 377 | 241 | 343 | -4.6% | |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to China in 2022:
- Brazil (280.0 kg)
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