Price for Cereals; Oats, Other than Seed in Finland - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Finland (FOB) - 2023
- Price for Cereals; Oats, Other than Seed in Finland (CIF) - 2022
- Exports of Cereals; Oats, Other than Seed in Finland
- Imports of Cereals; Oats, Other than Seed in Finland
Price for Cereals; Oats, Other than Seed in Finland (FOB) - 2023
The average export price for cereals; oats, other than seeds stood at $329 per ton in August 2023, which is down by -9.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 17% m-o-m. The export price peaked at $388 per ton in February 2023; however, from March 2023 to August 2023, 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 Norway.
From December 2022 to August 2023, the rate of growth in terms of prices for Spain amounted to +4.6% per month.
Price for Cereals; Oats, Other than Seed in Finland (CIF) - 2022
In 2022, the average import price for cereals; oats, other than seeds amounted to $442 per ton, falling by -40.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 76% against the previous year. Over the period under review, average import prices hit record highs at $1,128 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 the UK ($1,792 per ton), while the price for Estonia ($348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Oats, Other than Seed in Finland
For the third consecutive year, Finland recorded decline in overseas shipments of cereals; oats, other than seeds, which decreased by -38.7% to 225K tons in 2022. Over the period under review, exports saw a abrupt downturn. The smallest decline of -2.7% was in 2020.
In value terms, cereals; oats, other than seed exports contracted markedly to $63M in 2022. In general, exports showed a deep downturn. The smallest decline of -1.9% was in 2021.
Export of Cereals; Oats, Other than Seed in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 52.9 | 52.3 | 57.7 | 39.2 | -9.5% |
United States | 3.3 | N/A | N/A | 10.4 | 46.6% |
Belgium | 8.9 | 7.0 | 10.8 | 9.7 | 2.9% |
Spain | 2.0 | 1.5 | 6.6 | 2.6 | 9.1% |
Netherlands | 12.5 | 14.6 | 8.7 | 1.0 | -56.9% |
Switzerland | 1.8 | 2.6 | 2.3 | 0.4 | -39.4% |
Sweden | 4.9 | 1.4 | 0.2 | N/A | -79.8% |
Others | 5.3 | 10.6 | 1.9 | N/A | -40.1% |
Total | 91.7 | 89.9 | 88.2 | 63.4 | -11.6% |
Top Export Markets for Cereals; Oats, Other than Seed from Finland in 2022:
- Germany (149.8K tons)
- Belgium (32.3K tons)
- United States (29.3K tons)
- Spain (9.6K tons)
- Netherlands (3.1K tons)
- Switzerland (1.2K tons)
- Sweden (0.1K tons)
Imports of Cereals; Oats, Other than Seed in Finland
In 2022, the amount of cereals; oats, other than seeds imported into Finland soared to 14K tons, picking up by 1,381% compared with the year before. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 8,278% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, cereals; oats, other than seed imports surged to $6.2M in 2022. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 5,409%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
Import of Cereals; Oats, Other than Seed in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 3,172 | N/A | 314 | 2,850 | -3.5% |
Sweden | 2.0 | 12.5 | 386 | 1,711 | 849.3% |
United Kingdom | N/A | N/A | N/A | 1,203 | 0% |
Lithuania | 877 | N/A | N/A | 396 | -23.3% |
Others | 0.2 | 0.2 | N/A | 19.9 | 363.4% |
Total | 4,051 | 12.7 | 700 | 6,179 | 15.1% |
Top Suppliers of Cereals; Oats, Other than Seed to Finland in 2022:
- Estonia (8.2K tons)
- Sweden (4.0K tons)
- Lithuania (1.1K tons)
- United Kingdom (0.7K tons)
This report provides an in-depth analysis of the oat market in Finland.
This report provides an in-depth analysis of the grain market in Finland.
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This report provides an in-depth analysis of the oat market in Finland.
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