Price for Cereals; Maize (Corn), Other than Seed in Romania - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Romania (FOB) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Romania (CIF) - 2023
- Exports of Cereals; Maize (Corn), Other than Seed in Romania
- Imports of Cereals; Maize (Corn), Other than Seed in Romania
Price for Cereals; Maize (Corn), Other than Seed in Romania (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $319 per ton, picking up by 24% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereals; maize (corn), other than seeds increased by +80.3% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 35% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Lebanon ($354 per ton) and South Korea ($334 per ton), while the average price for exports to Iran ($293 per ton) and Morocco ($302 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 Morocco (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Romania (CIF) - 2023
In August 2023, the average import price for cereals; maize (corn), other than seeds amounted to $249 per ton, with a decrease of -4.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 18% month-to-month. As a result, import price reached the peak level of $278 per ton. From July 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($920 per ton), while the price for Moldova ($200 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hungary (-1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Cereals; Maize (Corn), Other than Seed in Romania
Exports of cereals; maize (corn), other than seeds from Romania contracted markedly to 5.5M tons in 2022, falling by -19.8% compared with the previous year. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 22%. As a result, the exports reached the peak of 6.8M tons, and then contracted rapidly in the following year.
In value terms, exports of cereals; maize (corn), other than seeds reduced modestly to $1.7B in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. As a result, the exports reached the peak of $1.8B, leveling off in the following year.
| Export of Cereals; Maize (Corn), Other than Seed in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 169 | 160 | 339 | 331 | 25.1% |
| Italy | 121 | 78.6 | 87.9 | 199 | 18.0% |
| Netherlands | 98.6 | 102 | 98.4 | 178 | 21.8% |
| South Korea | 33.3 | 63.0 | 71.4 | 160 | 68.7% |
| Egypt | 88.8 | 98.7 | 144 | 132 | 14.1% |
| Iran | 39.0 | 55.4 | 340 | 107 | 40.0% |
| Portugal | 22.9 | 31.9 | 69.0 | 87.2 | 56.2% |
| Turkey | 238 | 97.3 | 102 | 60.4 | -36.7% |
| Morocco | N/A | N/A | N/A | 51.8 | 0% |
| United Kingdom | 17.8 | 24.3 | 9.6 | 47.8 | 39.0% |
| Hungary | 13.9 | 2.8 | 19.1 | 46.9 | 50.0% |
| Lebanon | 58.4 | 41.1 | 52.4 | 42.9 | -9.8% |
| Israel | 34.8 | 27.7 | 78.3 | 40.9 | 5.5% |
| Others | 255 | 292 | 353 | 263 | 1.0% |
| Total | 1,192 | 1,074 | 1,764 | 1,749 | 13.6% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Romania in 2022:
- Spain (1042.2K tons)
- Italy (604.3K tons)
- Netherlands (546.3K tons)
- South Korea (479.7K tons)
- Egypt (435.4K tons)
- Iran (366.1K tons)
- Portugal (285.8K tons)
- Turkey (183.8K tons)
- Morocco (171.1K tons)
- United Kingdom (156.8K tons)
- Hungary (151.9K tons)
- Israel (134.9K tons)
- Lebanon (121.3K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Romania
Imports of cereals; maize (corn), other than seeds into Romania soared to 1.3M tons in 2022, increasing by 37% on the year before. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 114%. As a result, imports attained the peak of 1.3M tons; afterwards, it flattened through to 2022.
In value terms, imports of cereals; maize (corn), other than seeds surged to $365M in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 116%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 187 | 0% |
| Bulgaria | 87.5 | 77.0 | 89.7 | 77.5 | -4.0% |
| Moldova | 6.0 | 4.0 | 4.4 | 60.8 | 116.4% |
| Hungary | 6.2 | 121 | 122 | 16.2 | 37.7% |
| Serbia | 6.6 | 13.8 | 2.8 | 3.8 | -16.8% |
| Others | 3.3 | 21.0 | 12.4 | 19.9 | 82.0% |
| Total | 110 | 236 | 231 | 365 | 49.2% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Romania in 2022:
- Ukraine (754.6K tons)
- Bulgaria (222.7K tons)
- Moldova (215.4K tons)
- Hungary (54.8K tons)
- Serbia (13.4K tons)
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