Price for Cereals; Maize (Corn), Other than Seed in Egypt - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Egypt (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Egypt (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Egypt
- Exports of Cereals; Maize (Corn), Other than Seed in Egypt
Price for Cereals; Maize (Corn), Other than Seed in Egypt (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $345 per ton in 2022, jumping by 19% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($345 per ton) and Romania ($345 per ton), while the price for Brazil ($345 per ton) and the United States ($345 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Egypt (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $293 per ton, picking up by 19% against the previous year. In general, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30% against the previous year. The export price peaked at $343 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($293 per ton) and Albania ($293 per ton), while the average price for exports to Jordan ($293 per ton) and Sudan ($293 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Other than Seed in Egypt
In 2022, purchases abroad of cereals; maize (corn), other than seeds decreased by -12.8% to 7.2M tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of 8.5M tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cereals; maize (corn), other than seeds expanded to $2.5B in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Maize (Corn), Other than Seed in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 564 | 477 | 603 | 1,371 | 34.5% |
| Argentina | 532 | 732 | 888 | 623 | 5.4% |
| Ukraine | 643 | 492 | 441 | 340 | -19.1% |
| Romania | 87.5 | 113 | 111 | 110 | 7.9% |
| United States | 52.1 | 13.6 | 99.5 | 10.3 | -41.7% |
| Others | 46.9 | 51.6 | 269 | 45.5 | -1.0% |
| Total | 1,926 | 1,879 | 2,411 | 2,499 | 9.1% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Egypt in 2022:
- Brazil (4.0M tons)
- Argentina (1.8M tons)
- Ukraine (1.0M tons)
- Romania (0.3M tons)
Exports of Cereals; Maize (Corn), Other than Seed in Egypt
In 2022, overseas shipments of cereals; maize (corn), other than seeds decreased by -55.6% to 3K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 75%. As a result, the exports reached the peak of 9.8K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; maize (corn), other than seeds shrank markedly to $881K in 2022. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cereals; Maize (Corn), Other than Seed in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 62.0 | 393 | 82.4 | 201 | 48.0% |
| Jordan | 384 | 304 | 65.7 | 140 | -28.6% |
| Albania | N/A | N/A | 171 | 117 | -31.6% |
| Palestine | 25.4 | 83.9 | 99.8 | 111 | 63.5% |
| Saudi Arabia | 24.0 | 174 | 591 | 94.7 | 58.0% |
| Sudan | N/A | 30.9 | 10.4 | 69.2 | 49.6% |
| Yemen | 371 | 94.9 | 44.8 | 54.5 | -47.2% |
| Libya | 160 | 228 | 22.6 | 7.4 | -64.1% |
| Algeria | N/A | N/A | 189 | N/A | 0% |
| Turkey | 71.9 | N/A | 103 | N/A | 19.7% |
| Others | 19.7 | 542 | 283 | 86.6 | 63.8% |
| Total | 1,118 | 1,849 | 1,663 | 881 | -7.6% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Egypt in 2022:
- Oman (685.4 tons)
- Jordan (476.7 tons)
- Albania (397.8 tons)
- Palestine (378.7 tons)
- Saudi Arabia (322.9 tons)
- Sudan (236.1 tons)
- Yemen (185.9 tons)
- Libya (25.3 tons)
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This report provides an in-depth analysis of the maize market in Egypt.
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This report provides an in-depth analysis of the global grain market.
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