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

Contents:

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

Price for Cereal Flour; of Maize (Corn) in Singapore (CIF) - 2022

The average import price for cereal flour; of maize (corn) stood at $971 per ton in 2022, surging by 12% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 21% against the previous year. Over the period under review, average import prices reached the maximum at $987 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,086 per ton), while the price for Ukraine ($554 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cereal flour; of maize (corn) amounted to $1,195 per ton, with a decrease of -15.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. As a result, the export price reached the peak level of $1,598 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($1,780 per ton), while the average price for exports to Malaysia ($1,059 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 Fiji (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of cereal flour; of maize (corn) decreased by -6.6% to 1.2K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cereal flour; of maize (corn) imports expanded slightly to $1.2M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +56.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

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

1. Malaysia (684.2 tons)
2. China (228.2 tons)
3. Ukraine (168.0 tons)
4. Mexico (44.2 tons)
5. India (26.8 tons)
6. Germany (23.5 tons)
7. Netherlands (22.0 tons)

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

In 2022, approx. 276 tons of cereal flour; of maize (corn) were exported from Singapore; increasing by 6.3% compared with the previous year. Overall, total exports indicated resilient growth from 2019 to 2022: its volume 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 +61.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cereal flour; of maize (corn) exports declined to $330K in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 111%. As a result, the exports reached the peak of $368K, and then declined in the following year.

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

1. Brunei Darussalam (99.8 tons)
2. Malaysia (47.0 tons)
3. Hong Kong SAR (32.8 tons)
4. Fiji (29.0 tons)
5. Australia (19.0 tons)
6. Papua New Guinea (12.6 tons)
7. Maldives (8.3 tons)
8. Vanuatu (8.2 tons)
9. Myanmar (4.2 tons)

Source: IndexBox Market Intelligence Platform