Price for Cereal Flour; of Maize (Corn) in Ireland - 2023

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

The average import price for cereal flour; of maize (corn) stood at $451 per ton in 2022, remaining constant against the previous year. Over the period under review, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2013 an increase of 71%. The import price peaked at $1,499 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($3,409 per ton), while the price for the UK ($298 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cereal flour; of maize (corn) stood at $1,503 per ton in 2022, remaining stable against the previous year. Overall, the export price showed a noticeable slump. The pace of growth was the most pronounced in 2015 an increase of 135%. Over the period under review, the average export prices hit record highs at $4,596 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -5.0% per year.

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

In 2022, overseas purchases of cereal flour; of maize (corn) decreased by 0% to 2.6K tons, falling for the second year in a row after two years of growth. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 70%. As a result, imports reached the peak of 3.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cereal flour; of maize (corn) imports totaled $1.2M in 2022. In general, imports saw a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, imports attained the peak of $1.5M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Cereal Flour; of Maize (Corn) in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	747	1,140	N/A	657	-4.2%
France	12.2	17.2	N/A	162	136.8%
Poland	103	130	N/A	133	8.9%
Belgium	N/A	N/A	N/A	48.3	0%
Others	258	182	N/A	165	-13.8%
Total	1,120	1,470	N/A	1,165	1.3%

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

United Kingdom (2206.7 tons)
France (177.3 tons)
Belgium (66.0 tons)
Poland (39.0 tons)

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

In 2022, shipments abroad of cereal flour; of maize (corn) decreased by 0% to 112 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 5.8% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cereal flour; of maize (corn) exports amounted to $168K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 9.2%. The exports peaked in 2022 and are expected to retain growth in the immediate term.