Cereals; Rye, Seed Price in Norway - 2023
Contents:
- Cereals; Rye, Seed Price in Norway (CIF) - 2022
- Cereals; Rye, Seed Price in Norway (FOB) - 2022
- Cereals; Rye, Seed Imports in Norway
- Cereals; Rye, Seed Exports in Norway
Cereals; Rye, Seed Price in Norway (CIF) - 2022
The average cereals; rye, seed import price stood at $791 per ton in 2022, with a decrease of -21.3% against the previous year. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 an increase of 39%. As a result, import price reached the peak level of $1,650 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($1,068 per ton), while the price for Finland ($427 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.6%), while the prices for the other major suppliers experienced a decline.
Cereals; Rye, Seed Price in Norway (FOB) - 2022
In 2021, the average cereals; rye, seed export price amounted to $1,878 per ton, therefore, remained relatively stable against the previous year. In general, the export price saw a strong increase. The growth pace was the most rapid in 2020 when the average export price decreased by 99.9% against the previous year. The export price peaked at $4,836 per ton in 2019; however, from 2020 to 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 Iceland.
From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to +23.5% per year.
Cereals; Rye, Seed Imports in Norway
Cereals; rye, seed imports into Norway surged to 1.4K tons in 2022, rising by 58% against the previous year's figure. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, cereals; rye, seed imports soared to $1.1M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 54%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Rye, Seed in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 486 | 424 | 336 | 781 | 17.1% |
| Denmark | 244 | 93.5 | 55.9 | 169 | -11.5% |
| Finland | 9.2 | 12.7 | 51.4 | 120 | 135.4% |
| Hungary | N/A | 26.4 | N/A | N/A | 0% |
| Poland | 34.3 | N/A | 7.7 | N/A | -52.6% |
| Others | 3.8 | 1.1 | 408 | 1.9 | -20.6% |
| Total | 778 | 558 | 859 | 1,071 | 11.2% |
Top Suppliers of Cereals; Rye, Seed to Norway in 2022:
- Germany (912.0 tons)
- Finland (280.1 tons)
- Denmark (158.0 tons)
Cereals; Rye, Seed Exports in Norway
In 2021, cereals; rye, seed exports from Norway amounted to 900 kg, approximately mirroring the year before. Over the period under review, exports saw a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.
In value terms, cereals; rye, seed exports stood at $1.7K in 2021. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in the immediate term.
| Export of Cereals; Rye, Seed in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Iceland | N/A | N/A | 1,690 | 0% | |
| Sweden | 266 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 266 | N/A | 1,690 | 152.1% | |
Top Export Markets for Cereals; Rye, Seed from Norway in 2022:
- Iceland (900.0 kg)
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