Price for Cereal Flour; of Maize (Corn) in Romania - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Romania (FOB) - 2023
- Price for Cereal Flour; of Maize (Corn) in Romania (CIF) - 2023
- Exports of Cereal Flour; of Maize (Corn) in Romania
- Imports of Cereal Flour; of Maize (Corn) in Romania
Price for Cereal Flour; of Maize (Corn) in Romania (FOB) - 2023
In June 2023, the average export price for cereal flour; of maize (corn) amounted to $602 per ton, dropping by -2.9% against the previous month. Overall, export price indicated a slight expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cereal flour; of maize (corn) export price decreased by -21.6% against April 2023 indices. The growth pace was the most rapid in October 2022 when the average export price increased by 107% against the previous month. The export price peaked at $768 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Belgium ($871 per ton), while the average price for exports to Bulgaria ($438 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Romania (CIF) - 2023
The average import price for cereal flour; of maize (corn) stood at $535 per ton in May 2023, declining by -20.9% against the previous month. In general, the import price, however, showed a pronounced expansion. The pace of growth was the most pronounced in August 2022 when the average import price increased by 139% month-to-month. As a result, import price attained the peak level of $862 per ton. From September 2022 to May 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,584 per ton), while the price for Spain ($466 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flour; of Maize (Corn) in Romania
For the fourth year in a row, Romania recorded growth in overseas shipments of cereal flour; of maize (corn), which increased by 70% to 14K tons in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) exports skyrocketed to $6.7M in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 42%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Cereal Flour; of Maize (Corn) in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 583 | 751 | 960 | 1,342 | 32.0% |
| Poland | 120 | 414 | 1,223 | 1,234 | 117.5% |
| Bulgaria | 81.6 | 282 | 409 | 925 | 124.6% |
| Spain | 532 | 759 | 694 | 748 | 12.0% |
| Netherlands | 0.5 | 0.5 | 6.4 | 583 | 952.5% |
| Germany | 166 | 299 | 396 | 519 | 46.2% |
| France | 278 | 373 | 424 | 371 | 10.1% |
| Moldova | 86.1 | 61.2 | 88.2 | 276 | 47.4% |
| Italy | 140 | 181 | 164 | 207 | 13.9% |
| Czech Republic | 146 | 67.2 | 5.5 | 2.9 | -72.9% |
| Others | 394 | 410 | 428 | 449 | 4.5% |
| Total | 2,528 | 3,597 | 4,798 | 6,655 | 38.1% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Romania in 2022:
- Czech Republic (undefinedK tons)
- Bulgaria (3.3K tons)
- Poland (3.1K tons)
- United Kingdom (1.8K tons)
- Netherlands (1.3K tons)
- Spain (1.2K tons)
- Germany (1.0K tons)
- France (0.9K tons)
- Moldova (0.5K tons)
- Italy (0.3K tons)
Imports of Cereal Flour; of Maize (Corn) in Romania
In 2022, approx. 12K tons of cereal flour; of maize (corn) were imported into Romania; jumping by 81% against 2021. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) imports skyrocketed to $5.6M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 8.5 | 1,006 | 2,925 | 1755.0% |
| Italy | 1,026 | 1,124 | 1,124 | 1,182 | 4.8% |
| Hungary | 472 | 510 | 1,006 | 1,158 | 34.9% |
| Bulgaria | 1,068 | 562 | 46.5 | 0.9 | -90.6% |
| Others | 249 | 226 | 253 | 311 | 7.7% |
| Total | 2,816 | 2,431 | 3,435 | 5,577 | 25.6% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Romania in 2022:
- Bulgaria (undefinedK tons)
- Spain (8.5K tons)
- Hungary (2.5K tons)
- Italy (1.0K tons)
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This report provides an in-depth analysis of the cereal flour market in Romania.
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