Price for Cereals; Oats, Other than Seed in Norway - 2024
Contents:
- Price for Cereals; Oats, Other than Seed in Norway (CIF) - 2024
- Price for Cereals; Oats, Other than Seed in Norway (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in Norway
- Exports of Cereals; Oats, Other than Seed in Norway
Price for Cereals; Oats, Other than Seed in Norway (CIF) - 2024
The average import price for cereals; oats, other than seeds stood at $323 per ton in September 2023, dropping by -28.7% against the previous month. In general, the import price saw a pronounced curtailment. The growth pace was the most rapid in April 2023 when the average import price increased by 77% against the previous month. As a result, import price reached the peak level of $588 per ton. From May 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($463 per ton), while the price for Lithuania ($267 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Oats, Other than Seed in Norway (FOB) - 2022
In 2022, the average export price for cereals; oats, other than seeds amounted to $3,124 per ton, shrinking by -5.3% against the previous year. In general, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 943%. The export price peaked at $5,273 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($3,898 per ton), while the average price for exports to Poland ($1,020 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 Sweden (-2.3%).
Imports of Cereals; Oats, Other than Seed in Norway
After two years of decline, overseas purchases of cereals; oats, other than seeds increased by 131% to 32K tons in 2022. Over the period under review, imports, however, faced a precipitous setback.
In value terms, cereals; oats, other than seed imports soared to $11M in 2022. Overall, imports, however, saw a deep downturn.
Import of Cereals; Oats, Other than Seed in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 0.1 | 0.1 | N/A | 3.6 | 230.2% |
Latvia | 0.7 | 2.4 | N/A | 2.7 | 56.8% |
United Kingdom | N/A | N/A | N/A | 2.3 | 0% |
Sweden | 2.6 | 3.3 | 3.8 | 1.9 | -9.9% |
Poland | N/A | N/A | N/A | 0.9 | 0% |
Russia | 8.4 | 0.5 | N/A | N/A | -94.0% |
Kazakhstan | 2.4 | N/A | N/A | N/A | 0% |
Ireland | 1.7 | N/A | N/A | N/A | 0% |
Lithuania | 1.2 | 0.7 | N/A | N/A | -41.7% |
Estonia | 0.7 | 1.4 | N/A | N/A | 100.0% |
Others | 0.4 | N/A | N/A | N/A | 0% |
Total | 18.2 | 8.3 | 3.8 | 11.3 | -14.7% |
Top Suppliers of Cereals; Oats, Other than Seed to Norway in 2022:
- Denmark (8.6K tons)
- Latvia (8.1K tons)
- Sweden (6.1K tons)
- United Kingdom (6.0K tons)
- Poland (3.1K tons)
Exports of Cereals; Oats, Other than Seed in Norway
In 2022, overseas shipments of cereals; oats, other than seeds were finally on the rise to reach 2.7 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a significant contraction.
In value terms, cereals; oats, other than seed exports soared to $8.3K in 2022. Overall, exports, however, recorded a precipitous shrinkage.
Export of Cereals; Oats, Other than Seed in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 22.7 | 8.8 | 6.9 | 7.6 | -30.6% |
Italy | 1.2 | 0.4 | N/A | 0.6 | -20.6% |
Poland | N/A | N/A | N/A | 0.2 | 0% |
Iceland | 5.0 | N/A | N/A | N/A | 0% |
Others | N/A | 1.6 | N/A | N/A | 0% |
Total | 28.9 | 10.8 | 6.9 | 8.3 | -34.0% |
Top Export Markets for Cereals; Oats, Other than Seed from Norway in 2022:
- Sweden (1950.0 kg)
- Italy (567.0 kg)
- Poland (153.0 kg)
This report provides an in-depth analysis of the oat market in Norway.
This report provides an in-depth analysis of the grain market in Norway.
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