Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium - 2023
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium (CIF) - 2022
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium (FOB) - 2023
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium (CIF) - 2022
In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $604 per ton, picking up by 36% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by +38.0% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 44%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($782 per ton), while the price for France ($355 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium (FOB) - 2023
The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $478 per ton in October 2023, reducing by -10.4% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 41% m-o-m. As a result, the export price reached the peak level of $755 per ton. From September 2023 to October 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +2.3% per month.
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium
In 2022, supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -22.3% to 6.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 113%.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) expanded sharply to $4M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 614 | 1,115 | 1,260 | 1,757 | 42.0% |
| Poland | 409 | 732 | 921 | 1,124 | 40.1% |
| Italy | 607 | 620 | 746 | 964 | 16.7% |
| France | 46.2 | 977 | 864 | 153 | 49.1% |
| Others | 128 | 40.6 | 36.9 | 50.1 | -26.9% |
| Total | 1,805 | 3,485 | 3,827 | 4,048 | 30.9% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Belgium in 2022:
- Netherlands (3.0K tons)
- Poland (2.0K tons)
- Italy (1.2K tons)
- France (0.4K tons)
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium
In 2022, shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -9.6% to 1.4K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 192% against the previous year. As a result, the exports reached the peak of 4.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) surged to $682K in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 216% against the previous year. As a result, the exports reached the peak of $1.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 230 | 140 | 145 | 191 | -6.0% |
| France | 222 | 170 | 207 | 188 | -5.4% |
| United Kingdom | 0.6 | 0.8 | 0.2 | 151 | 531.4% |
| Germany | 24.2 | 58.6 | 73.3 | 80.6 | 49.3% |
| Denmark | 30.9 | 32.0 | 25.8 | 29.4 | -1.6% |
| Algeria | 0.6 | 1,275 | N/A | N/A | 212400.0% |
| Others | 31.3 | 30.5 | 48.1 | 40.6 | 9.1% |
| Total | 540 | 1,707 | 499 | 682 | 8.1% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Belgium in 2022:
- Germany (472.2 tons)
- France (287.9 tons)
- Netherlands (287.0 tons)
- United Kingdom (268.2 tons)
- Denmark (41.6 tons)
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