Price for Cereals; Maize (Corn), Seed in Belarus - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Belarus (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Belarus (FOB) - 2021
- Imports of Cereals; Maize (Corn), Seed in Belarus
- Exports of Cereals; Maize (Corn), Seed in Belarus
Price for Cereals; Maize (Corn), Seed in Belarus (CIF) - 2022
In 2022, the average cereals; maize (corn), seed import price amounted to $2,847 per ton, declining by -9.8% against the previous year. Overall, the import price, however, recorded a mild expansion. The pace of growth was the most pronounced in 2018 an increase of 50%. The import price peaked at $3,622 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($4,370 per ton), while the price for Russia ($1,517 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Seed in Belarus (FOB) - 2021
In May 2021, the average cereals; maize (corn), seed export price amounted to $3,668 per ton, growing by 45% against the previous month. Overall, the export price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in March 2021 when the average export price increased by 153% month-to-month. The export price peaked at $10,319 per ton in December 2020; however, from January 2021 to May 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From May 2020 to May 2021, the rate of growth in terms of prices for Russia amounted to -2.5% per month.
Imports of Cereals; Maize (Corn), Seed in Belarus
In 2022, cereals; maize (corn), seed imports into Belarus expanded notably to 15K tons, increasing by 9.5% against 2021. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports reached the peak of 17K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; maize (corn), seed imports declined modestly to $43M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11%.
| Import of Cereals; Maize (Corn), Seed in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.6 | 5.8 | 6.9 | 10.0 | 14.9% |
| Ukraine | 6.1 | 9.1 | 5.5 | 8.0 | 9.5% |
| Moldova | 7.7 | 5.9 | 3.2 | 5.8 | -9.0% |
| Slovakia | 3.3 | 5.2 | 2.4 | 3.8 | 4.8% |
| Germany | 1.5 | 6.0 | 1.9 | 3.3 | 30.1% |
| Hungary | 4.0 | 2.6 | 1.2 | 2.6 | -13.4% |
| Russia | 1.9 | 1.1 | 1.8 | 2.6 | 11.0% |
| Romania | 1.3 | 1.9 | 1.4 | 2.1 | 17.3% |
| Serbia | 1.8 | 0.6 | 1.3 | 1.9 | 1.8% |
| Others | 2.1 | 2.1 | 17.6 | 2.7 | 8.7% |
| Total | 36.5 | 40.4 | 43.3 | 42.8 | 5.5% |
Top Suppliers of Cereals; Maize (Corn), Seed to Belarus in 2022:
- Ukraine (4.4K tons)
- Moldova (2.5K tons)
- France (2.3K tons)
- Russia (1.7K tons)
- Slovakia (0.9K tons)
- Hungary (0.8K tons)
- Germany (0.8K tons)
- Romania (0.5K tons)
- Serbia (0.4K tons)
Exports of Cereals; Maize (Corn), Seed in Belarus
In 2022, after three years of growth, there was significant decline in overseas shipments of cereals; maize (corn), seeds, when their volume decreased by -35.8% to 225 tons. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 252%. As a result, the exports attained the peak of 350 tons, and then declined markedly in the following year.
In value terms, cereals; maize (corn), seed exports contracted notably to $635K in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 225%. As a result, the exports reached the peak of $972K, and then shrank rapidly in the following year.
| Export of Cereals; Maize (Corn), Seed in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 11.0 | 130 | 490 | 411 | 234.3% |
| Romania | 61.8 | 76.1 | 151 | 126 | 26.8% |
| Hungary | 51.3 | 53.2 | 75.6 | 63.9 | 7.6% |
| Ukraine | 40.2 | 30.2 | 26.1 | 25.1 | -14.5% |
| Others | 17.1 | 9.5 | 229 | 9.5 | -17.8% |
| Total | 181 | 299 | 972 | 635 | 51.9% |
Top Export Markets for Cereals; Maize (Corn), Seed from Belarus in 2022:
- Russia (167.8 tons)
- Romania (25.8 tons)
- Ukraine (20.0 tons)
- Hungary (11.3 tons)
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