Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary (FOB) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary (CIF) - 2022
3. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary
4. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $396 per ton, jumping by 26% against the previous year. Overall, the export price, however, recorded a drastic downturn. The export price peaked at $1,635 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2013 to 2022, the rate of growth in terms of prices for Germany amounted to +2.4% per year.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary (CIF) - 2022

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $1,225 per ton, increasing by 7.1% against the previous year. Overall, import price indicated a buoyant increase from 2014 to 2022: its price increased at an average annual rate of +6.8% over the last eight years. 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 +50.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 41%. Over the period under review, average import prices attained the maximum 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 Poland ($1,234 per ton), while the price for Germany ($816 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary

After three years of growth, overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) decreased by -54.7% to 1.2K tons in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 338% against the previous year.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) fell notably to $484K in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 204% against the previous year. As a result, the exports attained the peak of $849K, and then contracted dramatically in the following year.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Hungary in 2022:

1. Romania (1.2K tons)

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Hungary

Imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) into Hungary soared to 107 tons in 2022, rising by 115% compared with the previous year. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 3,022% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) surged to $131K in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 4,299%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Hungary in 2022:

1. Poland (104.0 tons)
2. Austria (2.2 tons)
3. Germany (1.0 tons)

Source: IndexBox Market Intelligence Platform