Price for Cereals; Maize (Corn), Seed in Ethiopia - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Ethiopia (CIF) - 2022
- Imports of Cereals; Maize (Corn), Seed in Ethiopia
Price for Cereals; Maize (Corn), Seed in Ethiopia (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $3,064 per ton, declining by -34.3% against the previous year. In general, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2018 when the average import price increased by 108% against the previous year. The import price peaked at $4,663 per ton in 2021, and then contracted sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($7,064 per ton), while the price for Kenya ($134 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Ethiopia
Cereals; maize (corn), seed imports into Ethiopia shrank sharply to 337 tons in 2022, waning by -33% on 2021 figures. In general, imports continue to indicate a dramatic slump. The smallest decline of -10.6% was in 2021.
In value terms, cereals; maize (corn), seed imports dropped dramatically to $1M in 2022. Over the period under review, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $2.3M, and then fell significantly in the following year.
| Import of Cereals; Maize (Corn), Seed in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2,057 | 1,445 | 2,293 | 954 | -22.6% |
| Zambia | 107 | 154 | 18.8 | 74.8 | -11.2% |
| Kenya | 0.2 | 0.2 | N/A | 3.0 | 146.6% |
| Argentina | 7.6 | 4.7 | 4.1 | N/A | -26.6% |
| India | 13.8 | 12.9 | 16.6 | N/A | 9.7% |
| Others | 13.6 | 6.1 | 11.7 | 0.1 | -80.6% |
| Total | 2,199 | 1,623 | 2,344 | 1,032 | -22.3% |
Top Suppliers of Cereals; Maize (Corn), Seed to Ethiopia in 2022:
- Zambia (178.5 tons)
- South Africa (135.1 tons)
- Kenya (22.5 tons)
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This report provides an in-depth analysis of the maize market in Ethiopia.
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This report provides an in-depth analysis of the grain market in Ethiopia.
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This report provides an in-depth analysis of the global maize market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the maize market in Ethiopia.
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This report provides an in-depth analysis of the global maize market.
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Discover the key import markets for maize globally, including China, Mexico, Japan, and more. Learn about the demand drivers and trends shaping the maize trade.
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The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
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The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
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In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
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Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
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Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
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The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
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Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
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In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
