Price for Cereals; Maize (Corn), Other than Seed in Luxembourg - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Luxembourg (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Luxembourg (FOB) - 2023
- Imports of Cereals; Maize (Corn), Other than Seed in Luxembourg
- Exports of Cereals; Maize (Corn), Other than Seed in Luxembourg
Price for Cereals; Maize (Corn), Other than Seed in Luxembourg (CIF) - 2022
In 2022, the average import price for cereals; maize (corn), other than seeds amounted to $336 per ton, increasing by 81% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($7,488 per ton), while the price for France ($309 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Maize (Corn), Other than Seed in Luxembourg (FOB) - 2023
The average export price for cereals; maize (corn), other than seeds stood at $326 per ton in July 2023, which is down by -17.7% against the previous month. Overall, the export price, however, saw a prominent increase. The pace of growth was the most pronounced in September 2022 an increase of 1,138% against the previous month. The export price peaked at $2,512 per ton in May 2023; however, from June 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Belgium ($2,722 per ton), while the average price for exports to Germany amounted to $323 per ton.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+24.5%).
Imports of Cereals; Maize (Corn), Other than Seed in Luxembourg
In 2022, approx. 11K tons of cereals; maize (corn), other than seeds were imported into Luxembourg; shrinking by -42.5% compared with 2021. In general, imports faced a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of 19K tons, and then shrank dramatically in the following year.
In value terms, imports of cereals; maize (corn), other than seeds stood at $3.6M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 5.2%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Cereals; Maize (Corn), Other than Seed in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.7 | 2.3 | 3.0 | 2.7 | 0.0% |
| Germany | 0.1 | 0.2 | 0.3 | 0.6 | 81.7% |
| Netherlands | 0.2 | 0.4 | 0.1 | N/A | -29.3% |
| Others | 0.4 | 0.4 | 0.1 | 0.3 | -9.1% |
| Total | 3.4 | 3.3 | 3.5 | 3.6 | 1.9% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Luxembourg in 2022:
- France (8.7K tons)
- Germany (1.8K tons)
- Netherlands (0.1K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Luxembourg
In 2022, overseas shipments of cereals; maize (corn), other than seeds decreased by -32.6% to 7.5K tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cereals; maize (corn), other than seeds reduced remarkably to $2.4M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. As a result, the exports attained the peak of $3.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cereals; Maize (Corn), Other than Seed in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.3 | 3.4 | 2.9 | 2.3 | 0.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 2.4 | 3.6 | 3.0 | 2.4 | 0.0% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Luxembourg in 2022:
- Germany (7.4K tons)
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