U.S. Wet Corn Market. Analysis And Forecast to 2030
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View PricingWet Corn Price in the United States - 2023
Contents:
- Wet Corn Price in the United States (FOB) - 2023
- Wet Corn Price in the United States (CIF) - 2023
- Wet Corn Exports in the United States
- Wet Corn Imports in the United States
Wet Corn Price in the United States (FOB) - 2023
The average wet corn export price stood at $741 per ton in August 2023, rising by 16% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $829 per ton in March 2023; however, from April 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kuwait ($1,721 per ton), while the average price for exports to Ireland ($260 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Wet Corn Price in the United States (CIF) - 2023
In August 2023, the average wet corn import price amounted to $1,074 per ton, remaining constant against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 9.5% month-to-month. Over the period under review, average import prices attained the peak figure at $1,122 per ton in June 2023; afterwards, it flattened through to August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($4,571 per ton), while the price for Canada ($545 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Wet Corn Exports in the United States
In 2022, wet corn exports from the United States declined slightly to 3.8M tons, shrinking by -4.1% compared with 2021 figures. In general, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 1%.
In value terms, wet corn exports expanded markedly to $2.6B in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Wet Corn in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 640 | 596 | 627 | 787 | 7.1% |
| Canada | 329 | 334 | 396 | 479 | 13.3% |
| Ireland | 65.4 | 72.3 | 103 | 121 | 22.8% |
| Colombia | 70.9 | 73.9 | 98.8 | 118 | 18.5% |
| Chile | 76.0 | 79.5 | 124 | 102 | 10.3% |
| Indonesia | 96.2 | 86.2 | 114 | 98.0 | 0.6% |
| Egypt | 102 | 87.4 | 90.3 | 49.0 | -21.7% |
| Israel | 43.6 | 38.6 | 44.3 | 32.2 | -9.6% |
| New Zealand | 9.7 | 11.1 | 12.3 | 19.7 | 26.6% |
| Others | 656 | 619 | 708 | 782 | 6.0% |
| Total | 2,088 | 1,999 | 2,318 | 2,587 | 7.4% |
Top Export Markets for Wet Corn from the United States in 2022:
- Mexico (1493.9K tons)
- Canada (602.1K tons)
- Ireland (335.9K tons)
- Indonesia (172.4K tons)
- Colombia (154.0K tons)
- Chile (127.1K tons)
- Israel (115.8K tons)
- New Zealand (60.8K tons)
- Egypt (57.6K tons)
Wet Corn Imports in the United States
In 2022, the amount of wet corn imported into the United States skyrocketed to 1.4M tons, increasing by 18% on the year before. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, wet corn imports soared to $1.4B in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +62.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wet Corn in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 171 | 146 | 183 | 261 | 15.1% |
| Thailand | 128 | 125 | 137 | 176 | 11.2% |
| Mexico | 91.8 | 102 | 128 | 144 | 16.2% |
| China | 30.5 | 35.7 | 43.2 | 77.2 | 36.3% |
| Germany | 82.8 | 50.4 | 56.2 | 76.1 | -2.8% |
| Netherlands | 53.4 | 53.8 | 64.0 | 74.4 | 11.7% |
| France | 45.3 | 46.8 | 49.0 | 73.3 | 17.4% |
| Taiwan (Chinese) | 19.9 | 19.3 | 36.7 | 53.5 | 39.0% |
| Australia | 4.0 | 12.6 | 23.7 | 50.2 | 132.4% |
| Pakistan | 29.8 | 30.9 | 40.5 | 50.0 | 18.8% |
| Denmark | 26.3 | 37.7 | 32.5 | 38.2 | 13.2% |
| Brazil | 10.9 | 16.3 | 24.0 | 33.8 | 45.8% |
| Turkey | 6.4 | 9.0 | 11.9 | 29.3 | 66.0% |
| Others | 163 | 164 | 218 | 245 | 14.5% |
| Total | 862 | 849 | 1,048 | 1,382 | 17.0% |
Top Suppliers of Wet Corn to the United States in 2022:
- Canada (551.4K tons)
- Thailand (211.2K tons)
- Mexico (68.1K tons)
- Germany (63.0K tons)
- Netherlands (52.8K tons)
- China (47.3K tons)
- Pakistan (43.1K tons)
- Australia (41.7K tons)
- France (40.1K tons)
- Denmark (40.0K tons)
- Turkey (35.7K tons)
- Brazil (29.4K tons)
- Taiwan (Chinese) (26.1K tons)
This report provides an in-depth analysis of the wet corn market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 311221 - Wet corn milling
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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