Price for Cereal Flour; of Maize (Corn) in Peru - 2021

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Peru (CIF) - 2021
2. Price for Cereal Flour; of Maize (Corn) in Peru (FOB) - 2022
3. Imports of Cereal Flour; of Maize (Corn) in Peru
4. Exports of Cereal Flour; of Maize (Corn) in Peru

Price for Cereal Flour; of Maize (Corn) in Peru (CIF) - 2021

The average import price for cereal flour; of maize (corn) stood at $844 per ton in April 2020, with a decrease of -5.1% against the previous month. Over the period under review, the import price showed a deep setback. As a result, import price reached the peak level of $1,004 per ton. From February 2020 to April 2020, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In April 2020, the countries with the highest prices were Colombia ($926 per ton) and the United States ($850 per ton), while the price for Mexico ($667 per ton) and Venezuela ($809 per ton) were amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Venezuela (+0.6%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Flour; of Maize (Corn) in Peru (FOB) - 2022

In 2022, the average export price for cereal flour; of maize (corn) amounted to $2,196 per ton, increasing by 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. The export price peaked at $2,622 per ton in 2014; however, from 2015 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 France ($7,923 per ton), while the average price for exports to Chile ($763 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 Chile (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flour; of Maize (Corn) in Peru

In 2022, approx. 20K tons of cereal flour; of maize (corn) were imported into Peru; growing by 3.5% compared with 2021 figures. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 71% against the previous year. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cereal flour; of maize (corn) imports totaled $16M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 69%. As a result, imports reached the peak of $18M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Cereal Flour; of Maize (Corn) to Peru in 2022:

1. Italy (9.4K tons)
2. France (0.4K tons)

Exports of Cereal Flour; of Maize (Corn) in Peru

In 2022, after three years of growth, there was significant decline in shipments abroad of cereal flour; of maize (corn), when their volume decreased by -15.3% to 319 tons. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.2% 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 +69.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, the exports reached the peak of 377 tons, and then declined remarkably in the following year.

In value terms, cereal flour; of maize (corn) exports reduced to $701K in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 41%.

Top Export Markets for Cereal Flour; of Maize (Corn) from Peru in 2022:

1. Chile (87.8 tons)
2. Australia (49.7 tons)
3. United States (35.6 tons)
4. Spain (27.6 tons)
5. Singapore (22.5 tons)
6. France (4.6 tons)
7. Italy (3.8 tons)
8. Germany (1.4 tons)

Source: IndexBox Market Intelligence Platform