Price for Cereal Groats and Meal; of Maize (Corn) in Indonesia - 2022

Contents:

1. Price for Cereal Groats and Meal; of Maize (Corn) in Indonesia (CIF) - 2022
2. Price for Cereal Groats and Meal; of Maize (Corn) in Indonesia (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Maize (Corn) in Indonesia
4. Exports of Cereal Groats and Meal; of Maize (Corn) in Indonesia

Price for Cereal Groats and Meal; of Maize (Corn) in Indonesia (CIF) - 2022

The average import price for cereal groats and meal; of maize (corn)s stood at $380 per ton in March 2022, standing approximately at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in September 2021 when the average import price increased by 8.7% month-to-month. The import price peaked in March 2022.

As there is only one major supplying country, the average price level is determined by prices for India.

From March 2021 to March 2022, the rate of growth in terms of prices for India amounted to +1.5% per month.

Price for Cereal Groats and Meal; of Maize (Corn) in Indonesia (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $1,370 per ton, which is down by -7.5% against the previous year. Overall, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2016 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs at $1,481 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($1,572 per ton), while the average price for exports to Malaysia amounted to $548 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Maize (Corn) in Indonesia

In 2022, the amount of cereal groats and meal; of maize (corn)s imported into Indonesia reached 9.3K tons, growing by 3.7% against 2021. The total import volume increased at an average annual rate of +4.5% 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 with an increase of 37%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of cereal groats and meal; of maize (corn)s surged to $3.7M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.9% 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 +63.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Indonesia in 2022:

1. India (9.3K tons)

Exports of Cereal Groats and Meal; of Maize (Corn) in Indonesia

In 2022, after two years of decline, there was significant growth in overseas shipments of cereal groats and meal; of maize (corn)s, when their volume increased by 184% to 4.9 tons. In general, exports, however, recorded a dramatic setback.

In value terms, exports of cereal groats and meal; of maize (corn)s soared to $6.7K in 2022. Over the period under review, exports, however, showed a precipitous shrinkage.

Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Indonesia in 2022:

1. Saudi Arabia (4.0 tons)
2. Malaysia (1.0 tons)

Source: IndexBox Market Intelligence Platform