Price for Cereal Flours; Other than of Wheat or Meslin in Finland - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in Finland (FOB) - 2023
- Price for Cereal Flours; Other than of Wheat or Meslin in Finland (CIF) - 2023
- Exports of Cereal Flours; Other than of Wheat or Meslin in Finland
- Imports of Cereal Flours; Other than of Wheat or Meslin in Finland
Price for Cereal Flours; Other than of Wheat or Meslin in Finland (FOB) - 2023
In October 2023, the average export price for cereal flours; other than of wheat or meslin amounted to $1,710 per ton, with an increase of 13% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. Over the period under review, the average export prices reached the peak figure at $1,711 per ton in July 2023; afterwards, it flattened through to October 2023.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Russia ($2,893 per ton), while the average price for exports to South Africa ($1,390 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flours; Other than of Wheat or Meslin in Finland (CIF) - 2023
In October 2023, the average import price for cereal flours; other than of wheat or meslin amounted to $2,044 per ton, surging by 108% against the previous month. Overall, the import price showed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($8,891 per ton), while the price for Thailand amounted to $1,761 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flours; Other than of Wheat or Meslin in Finland
After three years of growth, shipments abroad of cereal flours; other than of wheat or meslin decreased by -12.6% to 3.8K tons in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 108% against the previous year. As a result, the exports attained the peak of 4.3K tons, and then dropped in the following year.
In value terms, exports of cereal flours; other than of wheat or meslin declined markedly to $4.6M in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 115%. As a result, the exports reached the peak of $5.6M, and then shrank markedly in the following year.
| Export of Cereal Flours; Other than of Wheat or Meslin in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 118 | 22.7 | 1,748 | 1,113 | 111.3% |
| France | 127 | 554 | 891 | 734 | 79.5% |
| South Africa | N/A | 17.2 | 115 | 450 | 411.5% |
| Italy | 289 | 739 | 495 | 377 | 9.3% |
| Netherlands | 301 | 317 | 415 | 359 | 6.0% |
| Poland | 38.5 | 88.9 | 200 | 319 | 102.4% |
| Sweden | 129 | 123 | 416 | 222 | 19.8% |
| Others | 700 | 746 | 1,319 | 1,053 | 14.6% |
| Total | 1,702 | 2,608 | 5,597 | 4,627 | 39.6% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Finland in 2022:
- Belgium (1006.0 tons)
- France (465.1 tons)
- South Africa (408.9 tons)
- Poland (325.3 tons)
- Netherlands (284.0 tons)
- Italy (281.1 tons)
- Sweden (231.7 tons)
Imports of Cereal Flours; Other than of Wheat or Meslin in Finland
For the fourth consecutive year, Finland recorded growth in purchases abroad of cereal flours; other than of wheat or meslin, which increased by 17% to 2.5K tons in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 79%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of cereal flours; other than of wheat or meslin skyrocketed to $2.1M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flours; Other than of Wheat or Meslin in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 71.1 | 100 | 461 | 777 | 121.9% |
| Netherlands | 489 | 602 | 376 | 539 | 3.3% |
| Germany | 119 | 167 | 249 | 216 | 22.0% |
| Estonia | 144 | 149 | 164 | 136 | -1.9% |
| Sweden | 381 | 300 | 95.3 | 131 | -29.9% |
| Spain | 157 | 249 | 224 | 51.9 | -30.9% |
| Lithuania | 1.6 | N/A | 6.4 | 24.5 | 148.3% |
| Others | 230 | 119 | 205 | 207 | -3.5% |
| Total | 1,593 | 1,686 | 1,781 | 2,082 | 9.3% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Finland in 2022:
- Belgium (917.8 tons)
- Netherlands (693.3 tons)
- Estonia (353.6 tons)
- Germany (261.9 tons)
- Sweden (61.8 tons)
- Spain (54.9 tons)
- Lithuania (54.8 tons)
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This report provides an in-depth analysis of the cereal flour market in Finland.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
