Price for Cereal Groats and Meal; of Maize (Corn) in Norway - 2024
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Norway (CIF) - 2024
- Price for Cereal Groats and Meal; of Maize (Corn) in Norway (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Norway
- Exports of Cereal Groats and Meal; of Maize (Corn) in Norway
Price for Cereal Groats and Meal; of Maize (Corn) in Norway (CIF) - 2024
The average import price for cereal groats and meal; of maize (corn)s stood at $384 per ton in January 2024, with a decrease of -15.1% against the previous month. In general, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in April 2023 an increase of 125% month-to-month. The import price peaked at $995 per ton in July 2023; however, from August 2023 to January 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From January 2023 to January 2024, the rate of growth in terms of prices for Germany amounted to +0.2% per month.
Price for Cereal Groats and Meal; of Maize (Corn) in Norway (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $2,133 per ton in 2022, rising by 153% against the previous year. Overall, the export price continues to indicate a tangible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Iceland.
From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +8.1% per year.
Imports of Cereal Groats and Meal; of Maize (Corn) in Norway
In 2022, overseas purchases of cereal groats and meal; of maize (corn)s decreased by -80.7% to 2.9K tons, falling for the second year in a row after two years of growth. Overall, imports saw a dramatic setback. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, imports reached the peak of 23K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereal groats and meal; of maize (corn)s reduced markedly to $1.2M in 2022. Over the period under review, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 38%. As a result, imports attained the peak of $6.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cereal Groats and Meal; of Maize (Corn) in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.9 | 4.7 | 4.1 | 0.9 | -38.7% |
| Poland | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | 0.4 | 1.2 | 0.4 | N/A | 0.0% |
| Total | 4.4 | 6.1 | 4.7 | 1.2 | -35.2% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Norway in 2022:
- Germany (2519.1 tons)
- Poland (366.4 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Norway
In 2022, overseas shipments of cereal groats and meal; of maize (corn)s decreased by -98.8% to 75 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 112%. As a result, the exports attained the peak of 8.1 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cereal groats and meal; of maize (corn)s contracted sharply to $160 in 2022. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports reached the peak of $5.3K, and then fell notably in the following year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 3.7 | 3.0 | 3.3 | 0.2 | -62.2% |
| Denmark | 0.2 | 0.5 | 1.9 | N/A | 208.2% |
| Saint Vincent and the Grenadines | N/A | 1.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.9 | 4.5 | 5.3 | 0.2 | -62.8% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Norway in 2022:
- Iceland (75.0 kg)
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