Price for Cereal Groats and Meal; of Maize (Corn) in Hungary - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Hungary (FOB) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in Hungary (CIF) - 2023
- Exports of Cereal Groats and Meal; of Maize (Corn) in Hungary
- Imports of Cereal Groats and Meal; of Maize (Corn) in Hungary
Price for Cereal Groats and Meal; of Maize (Corn) in Hungary (FOB) - 2023
The average export price for cereal groats and meal; of maize (corn)s stood at $647 per ton in October 2023, growing by 8.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.5%. The pace of growth was the most pronounced in December 2022 when the average export price increased by 19% m-o-m. The export price peaked in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($1,908 per ton), while the average price for exports to North Macedonia ($433 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Hungary (CIF) - 2023
The average import price for cereal groats and meal; of maize (corn)s stood at $217 per ton in October 2023, shrinking by -4.7% against the previous month. In general, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in December 2022 an increase of 113% against the previous month. As a result, import price attained the peak level of $1,853 per ton. From January 2023 to October 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From October 2022 to October 2023, the rate of growth in terms of prices for Ukraine amounted to -4.3% per month.
Exports of Cereal Groats and Meal; of Maize (Corn) in Hungary
In 2022, the amount of cereal groats and meal; of maize (corn)s exported from Hungary rose remarkably to 39K tons, increasing by 13% on the year before. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of maize (corn)s soared to $17M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 2.8 | 2.8 | 5.8 | 7.7 | 40.1% |
| Italy | 2.7 | 1.7 | 2.7 | 3.9 | 13.0% |
| Netherlands | N/A | N/A | 0.1 | 1.5 | 1400.0% |
| Slovakia | 0.8 | 0.9 | 0.5 | 1.1 | 11.2% |
| Belgium | 0.2 | 1.7 | 0.5 | 0.6 | 44.2% |
| Congo | 1.5 | 0.6 | 0.3 | 0.4 | -35.6% |
| Cyprus | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Austria | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Cote d'Ivoire | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Poland | 1.4 | 0.6 | 0.1 | N/A | -73.3% |
| Others | 1.2 | 2.0 | 1.8 | 1.3 | 2.7% |
| Total | 11.4 | 10.7 | 12.2 | 17.2 | 14.7% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Hungary in 2022:
- Romania (17.1K tons)
- Italy (9.1K tons)
- Netherlands (4.1K tons)
- Slovakia (2.3K tons)
- Belgium (1.4K tons)
- Cyprus (0.9K tons)
- Austria (0.7K tons)
- Congo (0.5K tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in Hungary
In 2022, overseas purchases of cereal groats and meal; of maize (corn)s were finally on the rise to reach 792 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of cereal groats and meal; of maize (corn)s surged to $423K in 2022. Overall, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Maize (Corn) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | N/A | N/A | N/A | 273 | 0% |
| Germany | 88.6 | 107 | 112 | 111 | 7.8% |
| Ukraine | N/A | N/A | N/A | 22.3 | 0% |
| Czech Republic | 2.1 | 3.2 | 9.3 | 15.1 | 93.0% |
| Poland | 9.1 | 26.7 | 5.9 | 0.8 | -55.5% |
| Romania | 207 | 101 | 0.5 | 0.2 | -90.1% |
| Belgium | N/A | 31.7 | N/A | N/A | 0% |
| Others | 6.2 | 0.1 | 0.2 | 0.4 | -59.9% |
| Total | 313 | 269 | 128 | 423 | 10.6% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Hungary in 2022:
- Serbia (653.9 tons)
- Germany (62.0 tons)
- Ukraine (56.5 tons)
- Czech Republic (17.2 tons)
- Poland (1.1 tons)
- Romania (0.9 tons)
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