Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru - 2022

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru (FOB) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru (CIF) - 2022
3. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru
4. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $1,192 per ton, which is down by -24.8% against the previous year. Overall, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. The export price peaked at $2,520 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,382 per ton), while the average price for exports to Chile ($155 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 the United States (+0.1%), while the prices for the other major destinations experienced a decline.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru (CIF) - 2022

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $236 per ton in 2022, with an increase of 4.3% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21%. The import price peaked at $484 per ton in 2012; however, from 2013 to 2022, 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 2022, the rate of growth in terms of prices for Brazil amounted to -6.9% per year.

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru

For the fourth year in a row, Peru recorded growth in shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), which increased by 8.2% to 1.4K tons in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 +52.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) declined notably to $1.6M in 2022. Overall, exports, however, showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 4.7% against the previous year. As a result, the exports reached the peak of $2M, and then contracted dramatically in the following year.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Peru in 2022:

1. Chile (684.7 tons)
2. United States (467.8 tons)
3. Spain (172.5 tons)

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Peru

In 2022, after two years of decline, there was significant growth in overseas purchases of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), when their volume increased by 111% to 1.3K tons. Overall, imports, however, faced a sharp decline.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $316K in 2022. In general, imports, however, recorded a dramatic shrinkage.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Peru in 2022:

1. Brazil (1.3K tons)

Source: IndexBox Market Intelligence Platform