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

Contents:

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

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

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $77 per ton in 2022, dropping by -39.9% against the previous year. Over the period under review, the export price faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 17%. Over the period under review, the average export prices reached the maximum at $343 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($91 per ton), while the average price for exports to Kazakhstan ($60 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 Indonesia (-2.0%), while the prices for the other major destinations experienced a decline.

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

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $1,068 per ton in 2022, shrinking by -51.8% against the previous year. Over the period under review, the import price, however, posted a notable expansion. The growth pace was the most rapid in 2017 when the average import price increased by 75%. The import price peaked at $2,214 per ton in 2021, and then contracted significantly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($1,260 per ton), while the price for Jordan totaled $923 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+85.1%), 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 Pakistan

Exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Pakistan surged to 34K tons in 2022, rising by 61% compared with the year before. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 746%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) reduced slightly to $2.6M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 889%. As a result, the exports reached the peak of $2.7M, and then fell slightly in the following year.

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

1. Afghanistan (29.4K tons)
2. Malaysia (2.3K tons)
3. Kazakhstan (1.3K tons)
4. Kyrgyzstan (0.9K tons)

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

For the third year in a row, Pakistan recorded decline in supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), which decreased by -48% to 1.1 tons in 2022. In general, imports showed a precipitous contraction.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) contracted significantly to $1.2K in 2022. Over the period under review, imports continue to indicate a sharp reduction. The smallest decline of -49.9% was in 2021.

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

1. Jordan (633.0 kg)
2. Austria (477.0 kg)

Source: IndexBox Market Intelligence Platform