Price for Cereals; Maize (Corn), Other than Seed in Ecuador - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Ecuador (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Ecuador (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Ecuador
- Exports of Cereals; Maize (Corn), Other than Seed in Ecuador
Price for Cereals; Maize (Corn), Other than Seed in Ecuador (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $376 per ton in 2022, increasing by 15% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereals; maize (corn), other than seeds increased by +56.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($461 per ton), while the price for Argentina amounted to $365 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Other than Seed in Ecuador (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $1,962 per ton in 2022, growing by 515% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +0.8% per year.
Imports of Cereals; Maize (Corn), Other than Seed in Ecuador
Imports of cereals; maize (corn), other than seeds into Ecuador surged to 190K tons in 2022, with an increase of 186% against the year before. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereals; maize (corn), other than seeds surged to $72M in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cereals; Maize (Corn), Other than Seed in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 4.9 | 14.2 | 13.3 | 61.8 | 132.8% |
United States | 5.9 | 3.9 | 8.1 | 9.5 | 17.2% |
Others | 0.1 | 0.4 | 0.3 | 0.3 | 44.2% |
Total | 10.9 | 18.5 | 21.7 | 71.6 | 87.3% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Ecuador in 2022:
- Argentina (169.2K tons)
- United States (20.5K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Ecuador
In 2022, the amount of cereals; maize (corn), other than seeds exported from Ecuador reduced notably to 18 tons, with a decrease of -99.6% against the year before. Overall, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2021 when exports increased by 218% against the previous year.
In value terms, exports of cereals; maize (corn), other than seeds dropped dramatically to $36K in 2022. Over the period under review, exports saw a sharp setback. The smallest decline of -0.9% was in 2020.
Export of Cereals; Maize (Corn), Other than Seed in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 42.4 | 1,133 | 18.8 | 35.3 | -5.9% |
Colombia | 1,466 | N/A | 1,464 | N/A | -0.1% |
Italy | 5.6 | 329 | 2.8 | N/A | -29.3% |
Others | N/A | 38.0 | 0.6 | 0.3 | -91.1% |
Total | 1,514 | 1,500 | 1,486 | 35.7 | -71.3% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Ecuador in 2022:
- United States (17.9 tons)
This report provides an in-depth analysis of the maize market in Ecuador.
This report provides an in-depth analysis of the grain market in Ecuador.
This report provides an in-depth analysis of the global maize market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the maize market in Ecuador.
This report provides an in-depth analysis of the global maize market.
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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