Price for Cereals; Maize (Corn), Seed in Ireland - 2023
Contents:
- Price for Cereals; Maize (Corn), Seed in Ireland (CIF) - 2023
- Price for Cereals; Maize (Corn), Seed in Ireland (FOB) - 2023
- Imports of Cereals; Maize (Corn), Seed in Ireland
- Exports of Cereals; Maize (Corn), Seed in Ireland
Price for Cereals; Maize (Corn), Seed in Ireland (CIF) - 2023
The average cereals; maize (corn), seed import price stood at $425 per ton in July 2023, with an increase of 7.3% against the previous month. Overall, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 628% against the previous month. The import price peaked at $4,919 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($1,055 per ton), while the price for the UK stood at $334 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Seed in Ireland (FOB) - 2023
In July 2023, the average cereals; maize (corn), seed export price amounted to $8,073 per ton, increasing by 20% against the previous month. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in March 2023 when the average export price increased by 444% month-to-month. As a result, the export price attained the peak level of $14,743 per ton. From April 2023 to July 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Germany ($8,390 per ton), while the average price for exports to the UK totaled $7,577 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.4%).
Imports of Cereals; Maize (Corn), Seed in Ireland
In 2022, the amount of cereals; maize (corn), seeds imported into Ireland stood at 4.3K tons, growing by 8.7% against 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year. As a result, imports reached the peak of 4.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cereals; maize (corn), seed imports reached $7.2M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Cereals; Maize (Corn), Seed in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.3 | 1.5 | 2.9 | 2.7 | 27.6% |
| Denmark | 0.6 | 0.7 | 0.8 | 1.1 | 22.4% |
| Italy | 0.6 | 0.7 | 0.9 | 1.0 | 18.6% |
| France | 1.3 | 0.7 | 0.8 | 0.8 | -14.9% |
| Spain | 0.6 | 0.6 | 0.9 | 0.8 | 10.1% |
| United Kingdom | 1.3 | 1.0 | 0.3 | 0.4 | -32.5% |
| Others | 0.5 | 0.6 | 0.2 | 0.4 | -7.2% |
| Total | 6.2 | 5.8 | 6.9 | 7.2 | 5.1% |
Top Suppliers of Cereals; Maize (Corn), Seed to Ireland in 2022:
- Germany (1915.0 tons)
- United Kingdom (1046.3 tons)
- Italy (400.7 tons)
- Denmark (372.2 tons)
- Spain (249.5 tons)
- France (201.4 tons)
Exports of Cereals; Maize (Corn), Seed in Ireland
Cereals; maize (corn), seed exports from Ireland surged to 43 tons in 2022, growing by 64% against the year before. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 173% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, cereals; maize (corn), seed exports skyrocketed to $324K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 198% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Cereals; Maize (Corn), Seed in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 170 | N/A | 25.1 | 309 | 22.0% |
| France | N/A | N/A | N/A | 10.2 | 0% |
| Germany | N/A | 52.6 | 125 | N/A | 137.6% |
| Others | 1.9 | N/A | 6.5 | 5.2 | 39.9% |
| Total | 172 | 52.6 | 157 | 324 | 23.5% |
Top Export Markets for Cereals; Maize (Corn), Seed from Ireland in 2022:
- United Kingdom (41.7 tons)
- France (1.1 tons)
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