Price for Cereals; Millet, Other than Seed in Denmark - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Denmark (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Denmark (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Denmark
- Exports of Cereals; Millet, Other than Seed in Denmark
Price for Cereals; Millet, Other than Seed in Denmark (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $1,432 per ton in 2022, jumping by 20% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet, other than seed import price decreased by -0.9% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure at $1,446 per ton in 2020; afterwards, it flattened through to 2022.
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 China ($4,572 per ton), while the price for Poland ($825 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Denmark (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $1,081 per ton, dropping by -6.7% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 74% against the previous year. As a result, the export price attained the peak level of $3,179 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greenland ($4,893 per ton), while the average price for exports to Norway ($564 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 Germany (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Millet, Other than Seed in Denmark
In 2022, cereals; millet, other than seed imports into Denmark reduced sharply to 298 tons, waning by -32.5% against the previous year. Overall, imports showed a sharp decline. The growth pace was the most rapid in 2021 when imports increased by 8.7% against the previous year.
In value terms, cereals; millet, other than seed imports dropped dramatically to $427K in 2022. Over the period under review, imports recorded a sharp decline. The smallest decline of -10.3% was in 2021.
| Import of Cereals; Millet, Other than Seed in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 595 | 208 | 246 | 225 | -27.7% |
| Belgium | 80.6 | 69.1 | 75.7 | 84.7 | 1.7% |
| Netherlands | 8.5 | 215 | 112 | 42.4 | 70.9% |
| China | 13.4 | 14.8 | 40.5 | 23.1 | 19.9% |
| Poland | 112 | 37.9 | 7.4 | 22.8 | -41.2% |
| United States | 62.0 | N/A | N/A | 0.1 | -88.3% |
| Ukraine | N/A | 16.8 | N/A | N/A | 0% |
| Others | 29.3 | 27.1 | 44.9 | 29.8 | 0.6% |
| Total | 900 | 588 | 527 | 427 | -22.0% |
Top Suppliers of Cereals; Millet, Other than Seed to Denmark in 2022:
- Germany (205.3 tons)
- Belgium (30.4 tons)
- Poland (27.6 tons)
- Netherlands (21.6 tons)
- China (5.1 tons)
Exports of Cereals; Millet, Other than Seed in Denmark
In 2022, overseas shipments of cereals; millet, other than seeds decreased by -65.8% to 18 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 85%.
In value terms, cereals; millet, other than seed exports declined dramatically to $19K in 2022. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 81%.
| Export of Cereals; Millet, Other than Seed in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 17.6 | 33.0 | 48.1 | 7.8 | -23.8% |
| Finland | 5.7 | 8.7 | 10.1 | 5.0 | -4.3% |
| Greenland | 0.2 | 1.1 | 2.0 | 3.0 | 146.6% |
| Sweden | 1.2 | 0.6 | 0.1 | 2.9 | 34.2% |
| Faroe Islands | 0.1 | 0.3 | 0.4 | 0.7 | 91.3% |
| Others | N/A | 1.1 | N/A | N/A | 0% |
| Total | 24.8 | 44.9 | 60.7 | 19.4 | -7.9% |
Top Export Markets for Cereals; Millet, Other than Seed from Denmark in 2022:
- Norway (13.7 tons)
- Finland (2.3 tons)
- Sweden (1.0 tons)
- Greenland (0.6 tons)
- Faroe Islands (0.3 tons)
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