Price for Cereal Flour; of Maize (Corn) in Uruguay - 2022
Contents:
- Price for Cereal Flour; of Maize (Corn) in Uruguay (CIF) - 2022
- Price for Cereal Flour; of Maize (Corn) in Uruguay (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Uruguay
- Exports of Cereal Flour; of Maize (Corn) in Uruguay
Price for Cereal Flour; of Maize (Corn) in Uruguay (CIF) - 2022
In 2022, the average import price for cereal flour; of maize (corn) amounted to $901 per ton, jumping by 20% against the previous year. Overall, the import price, however, saw a slight contraction. Over the period under review, average import prices attained the peak figure at $1,001 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($1,240 per ton) and Colombia ($973 per ton), while the price for Argentina ($842 per ton) and the United States ($891 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+3.0%), while the prices for the other major suppliers experienced a decline.
Price for Cereal Flour; of Maize (Corn) in Uruguay (FOB) - 2022
The average export price for cereal flour; of maize (corn) stood at $1,203 per ton in 2022, increasing by 1.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $1,288 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,291 per ton), while the average price for exports to the Netherlands totaled $1,199 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereal Flour; of Maize (Corn) in Uruguay
In 2022, the amount of cereal flour; of maize (corn) imported into Uruguay totaled 1.2K tons, leveling off at the year before. The total import volume increased at an average annual rate of +6.2% 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 imports increased by 45% against the previous year. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereal flour; of maize (corn) imports surged to $1M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereal Flour; of Maize (Corn) in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 508 | 593 | 544 | 606 | 6.1% |
| United States | 259 | 456 | 220 | 241 | -2.4% |
| Italy | N/A | N/A | 17.5 | 155 | 785.7% |
| Colombia | 25.6 | 91.2 | 77.8 | 36.1 | 12.1% |
| Others | 20.6 | 20.3 | 0.2 | 0.3 | -75.6% |
| Total | 814 | 1,161 | 860 | 1,038 | 8.4% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Uruguay in 2022:
- Argentina (719.6 tons)
- United States (270.5 tons)
- Italy (125.0 tons)
- Colombia (37.1 tons)
Exports of Cereal Flour; of Maize (Corn) in Uruguay
In 2022, the amount of cereal flour; of maize (corn) exported from Uruguay skyrocketed to 31 tons, with an increase of 75% on 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 139%. As a result, the exports attained the peak of 40 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, cereal flour; of maize (corn) exports soared to $37K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 139% against the previous year. As a result, the exports reached the peak of $48K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereal Flour; of Maize (Corn) in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.1 | 39.1 | 19.4 | 35.2 | 104.8% |
| United States | 1.1 | 1.5 | 1.0 | 1.8 | 17.8% |
| Spain | 14.9 | 6.5 | N/A | N/A | -56.4% |
| Others | 0.2 | 1.3 | 0.4 | 0.1 | -20.6% |
| Total | 20.3 | 48.4 | 20.8 | 37.1 | 22.3% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Uruguay in 2022:
- Netherlands (29.4 tons)
- United States (1.4 tons)
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This report provides an in-depth analysis of the cereal flour market in Uruguay.
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