Price for Cereal Flour; of Maize (Corn) in Italy - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Italy (FOB) - 2023
- Price for Cereal Flour; of Maize (Corn) in Italy (CIF) - 2022
- Exports of Cereal Flour; of Maize (Corn) in Italy
- Imports of Cereal Flour; of Maize (Corn) in Italy
Price for Cereal Flour; of Maize (Corn) in Italy (FOB) - 2023
The average export price for cereal flour; of maize (corn) stood at $1,158 per ton in June 2023, remaining stable against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in November 2022 an increase of 11% against the previous month. Over the period under review, the average export prices reached the maximum in June 2023.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the UK ($1,408 per ton), while the average price for exports to Israel ($708 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Italy (CIF) - 2022
The average import price for cereal flour; of maize (corn) stood at $466 per ton in 2022, jumping by 48% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour; of maize (corn) import price increased by +65.9% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Spain ($1,294 per ton), while the price for Germany ($254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flour; of Maize (Corn) in Italy
Cereal flour; of maize (corn) exports from Italy expanded significantly to 53K tons in 2022, picking up by 8.9% on the previous year. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 11% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, cereal flour; of maize (corn) exports skyrocketed to $46M in 2022. The total export value increased at an average annual rate of +12.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flour; of Maize (Corn) in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.2 | 8.0 | 13.1 | 17.1 | 40.2% |
| Germany | 3.6 | 3.5 | 3.6 | 5.5 | 15.2% |
| France | 4.5 | 4.5 | 4.4 | 5.0 | 3.6% |
| United States | 8.1 | 8.0 | 4.5 | 3.8 | -22.3% |
| Netherlands | 1.4 | 2.0 | 3.2 | 3.2 | 31.7% |
| United Kingdom | 1.8 | 2.3 | 2.4 | 2.0 | 3.6% |
| Austria | 1.0 | 1.2 | 1.3 | 1.4 | 11.9% |
| Portugal | 0.1 | 0.3 | 1.0 | 1.1 | 122.4% |
| Israel | 0.5 | 0.6 | 0.6 | 1.0 | 26.0% |
| Sweden | 0.4 | 0.4 | 0.5 | 0.8 | 26.0% |
| Poland | 0.8 | 1.2 | 0.8 | 0.4 | -20.6% |
| Others | 4.2 | 4.4 | 4.4 | 4.9 | 5.3% |
| Total | 32.7 | 36.5 | 39.6 | 46.1 | 12.1% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Italy in 2022:
- Spain (17.3K tons)
- France (9.2K tons)
- Germany (7.0K tons)
- Netherlands (3.5K tons)
- United States (3.4K tons)
- United Kingdom (1.9K tons)
- Israel (1.5K tons)
- Austria (1.4K tons)
- Portugal (1.0K tons)
- Sweden (1.0K tons)
- Poland (0.6K tons)
Imports of Cereal Flour; of Maize (Corn) in Italy
In 2022, cereal flour; of maize (corn) imports into Italy skyrocketed to 23K tons, increasing by 44% against the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) imports soared to $11M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 514 | 654 | 1,776 | 2,410 | 67.4% |
| Hungary | 904 | 854 | 622 | 2,362 | 37.7% |
| Austria | 1,256 | 1,410 | 717 | 2,035 | 17.5% |
| Spain | 23.7 | 70.9 | 37.3 | 1,071 | 256.2% |
| France | 31.1 | 5.8 | 282 | 999 | 217.9% |
| Germany | 131 | 236 | 735 | 748 | 78.7% |
| Poland | N/A | N/A | 122 | 682 | 459.0% |
| Others | 1,264 | 985 | 833 | 602 | -21.9% |
| Total | 4,124 | 4,216 | 5,124 | 10,909 | 38.3% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Italy in 2022:
- Slovenia (6.8K tons)
- Hungary (5.7K tons)
- Austria (4.8K tons)
- Germany (2.9K tons)
- France (1.2K tons)
- Spain (0.8K tons)
- Poland (0.6K tons)
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This report provides an in-depth analysis of the global non-wheat flour market.
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This report provides an in-depth analysis of the cereal flour market in Italy.
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This report provides an in-depth analysis of the non-wheat flour market in Italy.
2543
This report provides an in-depth analysis of the global cereal flour market.
765
This report provides an in-depth analysis of the global non-wheat flour market.
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Cereal Flour experienced its highest growth rate in March 2023, seeing a 27% increase compared to the previous month. However, by December 2023, the value of cereal flour exports had notably decreased to $27M.
113
Cereal Flour experienced its highest growth rate in March 2023, seeing a 27% increase compared to the previous month. However, by December 2023, the value of cereal flour exports had notably decreased to $27M.
