Price for Cereals; Millet, Other than Seed in Sweden - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Sweden (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Sweden (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Sweden
- Exports of Cereals; Millet, Other than Seed in Sweden
Price for Cereals; Millet, Other than Seed in Sweden (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $1,462 per ton in 2022, falling by -11.3% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 increased by +66.3% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum at $1,648 per ton in 2021, and then dropped in the following year.
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 ($4,664 per ton), while the price for Finland ($1,154 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Sweden (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $1,971 per ton, waning by -6.5% against the previous year. Over the period under review, the export price showed a slight setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 26%. As a result, the export price reached the peak level of $2,871 per ton. From 2014 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 Norway ($3,335 per ton), while the average price for exports to Poland ($306 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 (+4.8%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Millet, Other than Seed in Sweden
Cereals; millet, other than seed imports into Sweden soared to 685 tons in 2022, with an increase of 136% against the previous year. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports skyrocketed to $1M in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 22.4 | 91.0 | 49.6 | 559 | 192.2% |
| Germany | 126 | 110 | 142 | 169 | 10.3% |
| Netherlands | 63.8 | 34.5 | 57.9 | 123 | 24.5% |
| China | 18.3 | 11.0 | 60.0 | 79.0 | 62.8% |
| Denmark | 35.7 | 31.7 | 44.4 | 31.3 | -4.3% |
| Finland | 32.4 | N/A | 58.1 | 11.8 | -28.6% |
| United Kingdom | 51.0 | 79.2 | 46.8 | N/A | -4.2% |
| Others | 13.1 | 32.1 | 19.4 | 27.9 | 28.7% |
| Total | 362 | 390 | 478 | 1,001 | 40.4% |
Top Suppliers of Cereals; Millet, Other than Seed to Sweden in 2022:
- Poland (479.7 tons)
- Netherlands (92.5 tons)
- Germany (68.9 tons)
- China (16.9 tons)
- Finland (10.3 tons)
- Denmark (8.1 tons)
Exports of Cereals; Millet, Other than Seed in Sweden
For the third consecutive year, Sweden recorded decline in overseas shipments of cereals; millet, other than seeds, which decreased by -59.5% to 8.4 tons in 2022. Over the period under review, exports recorded a sharp decline. The smallest decline of -2.1% was in 2020.
In value terms, cereals; millet, other than seed exports reduced remarkably to $17K in 2022. Overall, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2020 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $79K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Millet, Other than Seed in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 18.6 | 14.3 | 6.7 | 11.1 | -15.8% |
| Finland | 50.0 | 64.1 | 36.1 | 4.0 | -56.9% |
| Denmark | 0.5 | 0.7 | 0.7 | 0.7 | 11.9% |
| Poland | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Total | 69.2 | 79.3 | 43.7 | 16.6 | -37.9% |
Top Export Markets for Cereals; Millet, Other than Seed from Sweden in 2022:
- Norway (3.3 tons)
- Finland (2.0 tons)
- Poland (1.6 tons)
- Denmark (1.4 tons)
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