Cereals; Rye, Seed Price in Finland - 2023

Contents:

  1. Cereals; Rye, Seed Price in Finland (CIF) - 2022
  2. Cereals; Rye, Seed Price in Finland (FOB) - 2022
  3. Cereals; Rye, Seed Imports in Finland
  4. Cereals; Rye, Seed Exports in Finland

Cereals; Rye, Seed Price in Finland (CIF) - 2022

The average cereals; rye, seed import price stood at $1,113 per ton in 2022, shrinking by -21.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 43% against the previous year. The import price peaked at $1,538 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 Denmark ($1,254 per ton), while the price for the Netherlands ($212 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.8%), while the prices for the other major suppliers experienced a decline.

Cereals; Rye, Seed Price in Finland (FOB) - 2022

In 2022, the average cereals; rye, seed export price amounted to $442 per ton, with an increase of 109% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The export price peaked at $1,144 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($496 per ton), while the average price for exports to the Netherlands ($122 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-2.3%), while the prices for the other major destinations experienced a decline.

Cereals; Rye, Seed Imports in Finland

In 2022, purchases abroad of cereals; rye, seeds increased by 36% to 797 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable downturn.

In value terms, cereals; rye, seed imports rose markedly to $887K in 2022. Overall, imports, however, continue to indicate a deep slump.

Import of Cereals; Rye, Seed in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Denmark32321362.355319.6%
Sweden10.7N/A158237180.8%
Germany60676958164.5-52.6%
Estonia9.89.128.228.442.6%
United Kingdom112N/AN/AN/A0%
Others5.710.2N/A3.8-12.6%
Total1,0671,001830887-6.0%

Top Suppliers of Cereals; Rye, Seed to Finland in 2022:

  1. United Kingdom (undefined tons)
  2. Denmark (441.1 tons)
  3. Sweden (206.0 tons)
  4. Estonia (86.2 tons)
  5. Germany (58.3 tons)

Cereals; Rye, Seed Exports in Finland

In 2022, approx. 935 tons of cereals; rye, seeds were exported from Finland; shrinking by -75.7% against the previous year. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 13,970% against the previous year. As a result, the exports reached the peak of 3.9K tons, and then contracted notably in the following year.

In value terms, cereals; rye, seed exports declined notably to $414K in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 6,508%. As a result, the exports attained the peak of $815K, and then contracted remarkably in the following year.

Export of Cereals; Rye, Seed in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway24.511.985.4328137.4%
Taiwan (Chinese)36.7N/AN/A51.011.6%
Estonia18.4N/AN/A15.0-6.6%
Iceland8.80.52.610.25.0%
Netherlands7.1N/AN/A9.39.4%
GermanyN/AN/A727N/A0%
Others0.8N/AN/AN/A0%
Total96.312.381541462.6%

Top Export Markets for Cereals; Rye, Seed from Finland in 2022:

  1. Norway (698.0 tons)
  2. Taiwan (Chinese) (105.8 tons)
  3. Netherlands (75.8 tons)
  4. Estonia (35.2 tons)
  5. Iceland (20.6 tons)

Source: IndexBox Market Intelligence Platform

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