Price for Cereal Groats and Meal; of Maize (Corn) in Austria - 2023

Contents:

1. Price for Cereal Groats and Meal; of Maize (Corn) in Austria (FOB) - 2023
2. Price for Cereal Groats and Meal; of Maize (Corn) in Austria (CIF) - 2022
3. Exports of Cereal Groats and Meal; of Maize (Corn) in Austria
4. Imports of Cereal Groats and Meal; of Maize (Corn) in Austria

Price for Cereal Groats and Meal; of Maize (Corn) in Austria (FOB) - 2023

In October 2023, the average export price for cereal groats and meal; of maize (corn)s amounted to $7,151 per ton, with an increase of 532% against the previous month. Overall, the export price enjoyed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Moldova ($15,622 per ton), while the average price for exports to Montenegro ($1,211 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Maize (Corn) in Austria (CIF) - 2022

The average import price for cereal groats and meal; of maize (corn)s stood at $746 per ton in 2022, falling by -7.9% against the previous year. In general, the import price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 an increase of 77% against the previous year. The import price peaked at $894 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,735 per ton), while the price for Hungary ($358 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Groats and Meal; of Maize (Corn) in Austria

For the fourth year in a row, Austria recorded growth in shipments abroad of cereal groats and meal; of maize (corn)s, which increased by 29% to 3.3K tons in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 49%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of maize (corn)s soared to $2.8M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Austria in 2022:

1. Germany (2832.9 tons)
2. Romania (393.6 tons)
3. Italy (7.0 tons)

Imports of Cereal Groats and Meal; of Maize (Corn) in Austria

Imports of cereal groats and meal; of maize (corn)s into Austria surged to 812 tons in 2022, picking up by 17% compared with the year before. In general, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 59%.

In value terms, imports of cereal groats and meal; of maize (corn)s stood at $605K in 2022. Overall, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 44%.

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Austria in 2022:

1. Hungary (532.8 tons)
2. Germany (149.3 tons)
3. France (25.4 tons)
4. Netherlands (24.5 tons)
5. Poland (24.3 tons)
6. Italy (18.3 tons)
7. Switzerland (15.3 tons)

Source: IndexBox Market Intelligence Platform