Price for Cereals; Maize (Corn), Seed in Morocco - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Morocco (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Morocco (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Morocco
- Exports of Cereals; Maize (Corn), Seed in Morocco
Price for Cereals; Maize (Corn), Seed in Morocco (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $3,817 per ton, shrinking by -3.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. Over the period under review, average import prices reached the maximum at $4,207 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,199 per ton), while the price for Turkey ($2,059 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Seed in Morocco (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $4,019 per ton in 2022, picking up by 10% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; maize (corn), seed export price decreased by -27.3% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 121%. As a result, the export price attained the peak level of $5,530 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($13,896 per ton), while the average price for exports to France ($2,860 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Seed in Morocco
In 2022, after three years of growth, there was significant decline in purchases abroad of cereals; maize (corn), seeds, when their volume decreased by -7.1% to 2.9K tons. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +68.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 60% against the previous year.
In value terms, cereals; maize (corn), seed imports contracted to $11M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 70%.
| Import of Cereals; Maize (Corn), Seed in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.8 | 4.7 | 2.7 | 4.1 | 13.6% |
| Italy | 1.6 | 2.0 | 2.3 | 3.5 | 29.8% |
| Turkey | 0.9 | 2.3 | 1.2 | 1.3 | 13.0% |
| Serbia | 0.3 | 0.5 | 0.1 | 0.4 | 10.1% |
| Romania | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| Hungary | 0.2 | 0.3 | 0.2 | 0.3 | 14.5% |
| Spain | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.4 | 0.6 | 5.4 | 0.9 | 31.0% |
| Total | 6.3 | 10.7 | 12.3 | 11.0 | 20.4% |
Top Suppliers of Cereals; Maize (Corn), Seed to Morocco in 2022:
- France (1025.7 tons)
- Italy (845.0 tons)
- Turkey (637.9 tons)
- Serbia (110.4 tons)
- Hungary (86.4 tons)
- Romania (65.1 tons)
- Spain (48.7 tons)
Exports of Cereals; Maize (Corn), Seed in Morocco
In 2022, after two years of decline, there was significant growth in overseas shipments of cereals; maize (corn), seeds, when their volume increased by 58% to 6.7 tons. In general, exports, however, saw a sharp decrease.
In value terms, cereals; maize (corn), seed exports soared to $27K in 2022. Over the period under review, exports, however, recorded a dramatic descent.
| Export of Cereals; Maize (Corn), Seed in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 36.2 | 20.9 | 7.4 | 11.9 | -31.0% |
| Italy | 21.0 | 13.8 | 5.6 | 10.2 | -21.4% |
| Senegal | 4.6 | 3.9 | 2.6 | 5.0 | 2.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 61.8 | 38.7 | 15.6 | 27.1 | -24.0% |
Top Export Markets for Cereals; Maize (Corn), Seed from Morocco in 2022:
- France (4.2 tons)
- Italy (2.2 tons)
- Senegal (0.4 tons)
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