Price for Cereals; Maize (Corn), Seed in Portugal - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Portugal (CIF) - 2023
- Price for Cereals; Maize (Corn), Seed in Portugal (FOB) - 2023
- Imports of Cereals; Maize (Corn), Seed in Portugal
- Exports of Cereals; Maize (Corn), Seed in Portugal
Price for Cereals; Maize (Corn), Seed in Portugal (CIF) - 2023
In July 2023, the average cereals; maize (corn), seed import price amounted to $1,826 per ton, declining by -26.2% against the previous month. Overall, the import price recorded a slight descent. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 146% month-to-month. The import price peaked at $6,115 per ton in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($5,321 per ton), while the price for Spain ($1,734 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Seed in Portugal (FOB) - 2023
The average cereals; maize (corn), seed export price stood at $4,972 per ton in July 2023, reducing by -26.6% against the previous month. Over the period under review, the export price, however, showed a modest increase. The growth pace was the most rapid in February 2023 when the average export price increased by 816% month-to-month. Over the period under review, the average export prices attained the maximum at $6,772 per ton in June 2023, and then shrank rapidly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($8,269 per ton), while the average price for exports to Sao Tome and Principe ($375 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Portugal
In 2022, the amount of cereals; maize (corn), seeds imported into Portugal skyrocketed to 7.7K tons, picking up by 37% against the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed imports skyrocketed to $29M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.9 | 12.3 | 14.1 | 13.1 | 0.5% |
| Spain | 8.2 | 7.8 | 6.4 | 12.2 | 14.2% |
| Italy | 1.6 | N/A | 0.7 | 2.0 | 7.7% |
| Hungary | N/A | 0.1 | 0.1 | 0.8 | 182.8% |
| Others | 0.5 | 0.5 | 0.4 | 1.1 | 30.1% |
| Total | 23.2 | 20.8 | 21.8 | 29.2 | 8.0% |
Top Suppliers of Cereals; Maize (Corn), Seed to Portugal in 2022:
- Spain (4.6K tons)
- France (2.4K tons)
- Italy (0.3K tons)
- Hungary (0.2K tons)
Exports of Cereals; Maize (Corn), Seed in Portugal
In 2022, the amount of cereals; maize (corn), seeds exported from Portugal rose notably to 2.8K tons, increasing by 7.4% compared with the previous year. Overall, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year.
In value terms, cereals; maize (corn), seed exports rose notably to $4.8M in 2022. Over the period under review, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cereals; Maize (Corn), Seed in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.9 | 1.5 | 2.8 | 3.3 | 20.2% |
| Spain | 2.7 | 1.1 | 1.4 | 0.9 | -30.7% |
| Cabo Verde | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Others | N/A | 0.1 | 0.3 | 0.2 | 41.4% |
| Total | 4.6 | 2.7 | 4.5 | 4.8 | 1.4% |
Top Export Markets for Cereals; Maize (Corn), Seed from Portugal in 2022:
- Cabo Verde (1064.7 tons)
- Spain (1006.8 tons)
- France (682.4 tons)
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