Price for Cereal Flour; of Maize (Corn) in Nigeria - 2022
Contents:
- Price for Cereal Flour; of Maize (Corn) in Nigeria (CIF) - 2022
- Price for Cereal Flour; of Maize (Corn) in Nigeria (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Nigeria
- Exports of Cereal Flour; of Maize (Corn) in Nigeria
Price for Cereal Flour; of Maize (Corn) in Nigeria (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $331 per ton, picking up by 5.5% against the previous year. In general, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 157%. As a result, import price reached the peak level of $1,766 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($696 per ton), while the price for China ($260 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.3%), while the prices for the other major suppliers experienced a decline.
Price for Cereal Flour; of Maize (Corn) in Nigeria (FOB) - 2022
In 2022, the average export price for cereal flour; of maize (corn) amounted to $556 per ton, growing by 24% against the previous year. Overall, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 103%. As a result, the export price reached the peak level of $712 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,176 per ton), while the average price for exports to Niger ($162 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 Niger (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in Nigeria
In 2022, supplies from abroad of cereal flour; of maize (corn) increased by 6.3% to 500 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt descent.
In value terms, cereal flour; of maize (corn) imports reached $165K in 2022. Overall, imports, however, showed a dramatic curtailment.
| Import of Cereal Flour; of Maize (Corn) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 375 | 123 | 75.9 | 104 | -34.8% |
| Indonesia | 45.5 | 21.6 | 14.0 | 20.8 | -23.0% |
| Turkey | 86.8 | 24.8 | 48.2 | 17.7 | -41.1% |
| Others | 49.2 | 14.2 | 9.2 | 22.7 | -22.7% |
| Total | 557 | 183 | 147 | 165 | -33.3% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Nigeria in 2022:
- China (400.6 tons)
- Indonesia (45.1 tons)
- Turkey (33.0 tons)
Exports of Cereal Flour; of Maize (Corn) in Nigeria
In 2022, approx. 603 tons of cereal flour; of maize (corn) were exported from Nigeria; which is down by -15.4% against the previous year's figure. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 6.6% against the previous year.
In value terms, cereal flour; of maize (corn) exports expanded to $335K in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 36%. As a result, the exports attained the peak of $350K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereal Flour; of Maize (Corn) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 0.9 | 221 | 200 | 238 | 541.9% |
| Canada | 31.6 | 24.1 | 26.0 | 41.0 | 9.1% |
| United States | 52.4 | 31.5 | 23.6 | 22.3 | -24.8% |
| Niger | 131 | 49.0 | 35.0 | 1.2 | -79.1% |
| Others | 41.5 | 24.4 | 36.8 | 32.9 | -7.4% |
| Total | 257 | 350 | 321 | 335 | 9.2% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Nigeria in 2022:
- Ghana (473.1 tons)
- Canada (77.0 tons)
- United States (10.2 tons)
- Niger (7.2 tons)
451
This report provides an in-depth analysis of the cereal flour market in Nigeria.
460
This report provides an in-depth analysis of the non-wheat flour market in Nigeria.
2545
This report provides an in-depth analysis of the global cereal flour market.
766
This report provides an in-depth analysis of the global non-wheat flour market.
451
This report provides an in-depth analysis of the cereal flour market in Nigeria.
460
This report provides an in-depth analysis of the non-wheat flour market in Nigeria.
2545
This report provides an in-depth analysis of the global cereal flour market.
766
This report provides an in-depth analysis of the global non-wheat flour market.
Nothing found. Please try again.
