Price for Cereal Groats and Meal; of Maize (Corn) in the Netherlands - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in the Netherlands (CIF) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in the Netherlands (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in the Netherlands
- Exports of Cereal Groats and Meal; of Maize (Corn) in the Netherlands
Price for Cereal Groats and Meal; of Maize (Corn) in the Netherlands (CIF) - 2023
The average import price for cereal groats and meal; of maize (corn)s stood at $1,082 per ton in October 2023, falling by -11% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 15% m-o-m. As a result, import price reached the peak level of $1,260 per ton. From September 2023 to October 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Brazil ($1,335 per ton), while the price for the UK amounted to $976 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Brazil (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in the Netherlands (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $1,032 per ton in 2022, surging by 4.3% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($5,411 per ton), while the average price for exports to Italy ($716 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 Germany (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Maize (Corn) in the Netherlands
In 2022, imports of cereal groats and meal; of maize (corn)s into the Netherlands surged to 18K tons, growing by 16% on the year before. In general, imports, however, showed a slight slump.
In value terms, imports of cereal groats and meal; of maize (corn)s soared to $19M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Maize (Corn) in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.2 | 8.6 | 6.0 | 9.0 | 7.7% |
| Germany | 4.9 | 5.3 | 5.5 | 4.8 | -0.7% |
| Hungary | N/A | N/A | 0.1 | 1.6 | 1500.0% |
| Italy | 0.4 | 1.0 | 1.1 | 1.5 | 55.4% |
| Poland | 1.2 | 1.1 | 1.2 | 1.3 | 2.7% |
| Belgium | 0.7 | 1.1 | 0.9 | 1.0 | 12.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Total | 14.5 | 17.2 | 14.9 | 19.4 | 10.2% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to the Netherlands in 2022:
- Germany (5.4K tons)
- France (4.9K tons)
- Hungary (2.6K tons)
- Italy (1.9K tons)
- Poland (1.6K tons)
- Belgium (1.4K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in the Netherlands
In 2022, the amount of cereal groats and meal; of maize (corn)s exported from the Netherlands fell dramatically to 1.2K tons, shrinking by -35.1% against 2021 figures. Overall, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 144%. As a result, the exports reached the peak of 1.8K tons, and then fell notably in the following year.
In value terms, exports of cereal groats and meal; of maize (corn)s shrank rapidly to $1.2M in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 172% against the previous year. As a result, the exports reached the peak of $1.8M, and then dropped notably in the following year.
| Export of Cereal Groats and Meal; of Maize (Corn) in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 96.3 | 51.5 | 515 | 647 | 88.7% |
| France | 18.8 | 92.1 | 553 | 302 | 152.3% |
| Bahrain | N/A | N/A | N/A | 113 | 0% |
| Denmark | 68.0 | 57.9 | 20.9 | 21.2 | -32.2% |
| Portugal | 24.4 | 18.0 | 25.6 | 19.4 | -7.4% |
| Italy | 11.1 | 6.3 | 53.8 | 14.6 | 9.6% |
| United Arab Emirates | 37.0 | N/A | N/A | 9.5 | -36.4% |
| Germany | 69.4 | 72.9 | 230 | 8.4 | -50.5% |
| United Kingdom | 108 | 17.2 | N/A | 3.7 | -67.5% |
| Poland | 74.4 | 4.6 | 259 | 0.4 | -82.5% |
| Others | 114 | 346 | 152 | 86.2 | -8.9% |
| Total | 621 | 666 | 1,810 | 1,225 | 25.4% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from the Netherlands in 2022:
- Belgium (708.2 tons)
- France (304.1 tons)
- Portugal (26.1 tons)
- Bahrain (20.9 tons)
- Italy (20.4 tons)
- Denmark (17.5 tons)
- United Arab Emirates (9.4 tons)
- Germany (8.6 tons)
- United Kingdom (4.4 tons)
- Poland (0.4 tons)
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