Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the Czech Republic - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the Czech Republic (FOB) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the Czech Republic (CIF) - 2023
3. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the Czech Republic
4. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in the Czech Republic

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

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $53 per ton, picking up by 13% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 64%. As a result, the export price attained the peak level of $125 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($302 per ton), while the average price for exports to Germany totaled $43 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.9%), 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 the Czech Republic (CIF) - 2023

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $874 per ton in October 2023, with a decrease of -28.8% against the previous month. Over the period under review, import price indicated a mild expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -28.8% against September 2023 indices. The growth pace was the most rapid in February 2023 when the average import price increased by 62% against the previous month. As a result, import price reached the peak level of $1,436 per ton. From March 2023 to October 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($1,059 per ton), while the price for Slovakia stood at $418 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+1.7%).

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

In 2022, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from the Czech Republic soared to 31K tons, rising by 48% compared with 2021 figures. In general, exports, however, recorded a deep downturn.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $1.7M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern.

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

1. Germany (29.8K tons)
2. Poland (1.2K tons)

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

Imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) into the Czech Republic soared to 1.1K tons in 2022, growing by 71% on 2021 figures. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 79%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $907K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 174% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Italy (736.4 tons)
2. Slovakia (319.8 tons)
3. Germany (81.7 tons)

Source: IndexBox Market Intelligence Platform