Price for Cereal Flour; of Maize (Corn) in South Africa - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in South Africa (FOB) - 2023
- Price for Cereal Flour; of Maize (Corn) in South Africa (CIF) - 2022
- Exports of Cereal Flour; of Maize (Corn) in South Africa
- Imports of Cereal Flour; of Maize (Corn) in South Africa
Price for Cereal Flour; of Maize (Corn) in South Africa (FOB) - 2023
In July 2023, the average export price for cereal flour; of maize (corn) amounted to $351 per ton, approximately mirroring the previous month. In general, the export price showed a slight decrease. The pace of growth was the most pronounced in November 2022 when the average export price increased by 15% month-to-month. Over the period under review, the average export prices hit record highs at $419 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Lesotho ($433 per ton), while the average price for exports to Congo ($229 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+0.6%), while the prices for the other major destinations experienced a decline.
Price for Cereal Flour; of Maize (Corn) in South Africa (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $565 per ton, rising by 2.3% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.6% 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 +14.9% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 106% against the previous year. The import price peaked at $708 per ton in 2017; however, from 2018 to 2022, 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 the United States ($964 per ton), while the price for China ($179 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flour; of Maize (Corn) in South Africa
In 2022, the amount of cereal flour; of maize (corn) exported from South Africa reduced to 48K tons, which is down by -4.2% against the previous year. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 13%.
In value terms, cereal flour; of maize (corn) exports rose to $17M in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 23%.
| Export of Cereal Flour; of Maize (Corn) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 3.4 | 2.9 | 6.5 | 8.5 | 35.7% |
| Lesotho | 2.3 | 2.8 | 3.1 | 4.6 | 26.0% |
| Democratic Republic of the Congo | 0.3 | 0.4 | 0.1 | 0.6 | 26.0% |
| Mozambique | 1.7 | 0.4 | 0.5 | 0.5 | -33.5% |
| Somalia | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Ethiopia | 10.2 | N/A | N/A | N/A | 0% |
| Others | 7.5 | 6.6 | 6.0 | 2.5 | -30.7% |
| Total | 25.8 | 13.4 | 16.4 | 17.1 | -12.8% |
Top Export Markets for Cereal Flour; of Maize (Corn) from South Africa in 2022:
- Ethiopia (undefinedK tons)
- Angola (27.4K tons)
- Lesotho (11.0K tons)
- Democratic Republic of the Congo (1.6K tons)
- Somalia (0.9K tons)
- Mozambique (0.5K tons)
Imports of Cereal Flour; of Maize (Corn) in South Africa
Cereal flour; of maize (corn) imports into South Africa reduced markedly to 302 tons in 2022, falling by -58.4% compared with the previous year's figure. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of 726 tons, and then contracted significantly in the following year.
In value terms, cereal flour; of maize (corn) imports fell remarkably to $171K in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports attained the peak of $401K, and then contracted significantly in the following year.
| Import of Cereal Flour; of Maize (Corn) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 173 | 174 | 245 | 59.0 | -30.1% |
| India | 10.5 | 44.0 | 43.0 | 51.2 | 69.6% |
| United States | 17.4 | 1.9 | 31.7 | 23.4 | 10.4% |
| Italy | 66.5 | 45.3 | 8.8 | 3.0 | -64.4% |
| Lesotho | 9.7 | 3.1 | N/A | 0.4 | -65.5% |
| Netherlands | 34.5 | N/A | N/A | N/A | 0% |
| Others | 16.2 | 6.2 | 72.9 | 33.5 | 27.4% |
| Total | 328 | 274 | 401 | 171 | -19.5% |
Top Suppliers of Cereal Flour; of Maize (Corn) to South Africa in 2022:
- Brazil (125.0 tons)
- India (110.4 tons)
- United States (24.3 tons)
- Italy (2.6 tons)
- Lesotho (1.0 tons)
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