Price for Cereal Groats and Meal; of Maize (Corn) in Singapore - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Singapore (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Singapore (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Singapore
- Exports of Cereal Groats and Meal; of Maize (Corn) in Singapore
Price for Cereal Groats and Meal; of Maize (Corn) in Singapore (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $1,044 per ton in 2022, picking up by 5.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2013 an increase of 24%. The import price peaked at $1,069 per ton in 2018; however, from 2019 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 ($2,835 per ton), while the price for Malaysia ($748 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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Maize (Corn) in Singapore (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $1,849 per ton, jumping by 94% against the previous year. Over the period under review, the export price showed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($3,029 per ton), while the average price for exports to Malaysia amounted to $1,826 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereal Groats and Meal; of Maize (Corn) in Singapore
In 2022, supplies from abroad of cereal groats and meal; of maize (corn)s was finally on the rise to reach 163 tons after two years of decline. Over the period under review, imports, however, showed a abrupt downturn.
In value terms, imports of cereal groats and meal; of maize (corn)s skyrocketed to $171K in 2022. Overall, imports, however, recorded a pronounced slump.
| Import of Cereal Groats and Meal; of Maize (Corn) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 100 | 81.4 | 74.3 | 88.6 | -4.0% |
| Thailand | 44.4 | 46.9 | 38.0 | 44.5 | 0.1% |
| Spain | N/A | 5.1 | N/A | 19.1 | 93.5% |
| China | 4.2 | 12.3 | 6.3 | 5.9 | 12.0% |
| Italy | 24.8 | 20.5 | 2.1 | 4.7 | -42.6% |
| Others | 10.0 | 15.1 | 12.1 | 7.8 | -7.9% |
| Total | 183 | 181 | 133 | 171 | -2.2% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Singapore in 2022:
- Malaysia (118.5 tons)
- Thailand (24.0 tons)
- Spain (8.2 tons)
- China (5.4 tons)
- Italy (3.9 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Singapore
In 2022, overseas shipments of cereal groats and meal; of maize (corn)s decreased by -83% to 33 tons, falling for the second consecutive year after two years of growth. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 34%. As a result, the exports reached the peak of 294 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereal groats and meal; of maize (corn)s dropped significantly to $61K in 2022. Overall, exports recorded a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. As a result, the exports reached the peak of $242K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cereal Groats and Meal; of Maize (Corn) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 31.8 | 44.7 | 48.2 | 58.6 | 22.6% |
| Maldives | 0.7 | 1.2 | 2.5 | 1.8 | 37.0% |
| Indonesia | 181 | 196 | 133 | N/A | -14.3% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 213 | 242 | 183 | 60.5 | -34.3% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Singapore in 2022:
- Malaysia (32.1 tons)
- Maldives (0.6 tons)
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