Price for Buckwheat, Millet and Canary Seed; Other Cereals in Norway - 2024

Contents:

  1. Price for Buckwheat, Millet and Canary Seed; Other Cereals in Norway (CIF) - 2022
  2. Price for Buckwheat, Millet and Canary Seed; Other Cereals in Norway (FOB) - 2022
  3. Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Norway
  4. Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Norway

Price for Buckwheat, Millet and Canary Seed; Other Cereals in Norway (CIF) - 2022

In 2022, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $1,360 per ton, with an increase of 4.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 72%. The import price peaked at $2,205 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($2,960 per ton), while the price for Sweden ($637 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Buckwheat, Millet and Canary Seed; Other Cereals in Norway (FOB) - 2022

In 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $2,818 per ton, which is down by -73.4% against the previous year. Over the period under review, the export price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2021 an increase of 191%. As a result, the export price attained the peak level of $10,599 per ton, and then fell remarkably in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($2,680 per ton), while the average price for exports to Sweden amounted to $2,657 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Norway

In 2022, imports of buckwheat, millet and canary seed; other cerealses into Norway totaled 1.1K tons, growing by 8.1% against 2021. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year.

In value terms, imports of buckwheat, millet and canary seed; other cerealses expanded rapidly to $1.5M in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Buckwheat, Millet and Canary Seed; Other Cereals in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland25178.323050025.8%
Peru452422467441-0.8%
Sweden35191.6237128-28.6%
China36.251.513.375.827.9%
Denmark37.916.120.968.021.5%
Netherlands54.158.261.654.60.3%
Germany1.68.523.333.4175.3%
United States1311121.4N/A-89.7%
Others16830730123011.0%
Total1,4841,1451,3571,5311.0%

Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Norway in 2022:

  1. Poland (550.2 tons)
  2. Sweden (201.3 tons)
  3. Peru (177.8 tons)
  4. Denmark (34.4 tons)
  5. China (33.5 tons)
  6. Germany (20.5 tons)
  7. Netherlands (18.4 tons)

Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Norway

In 2022, overseas shipments of buckwheat, millet and canary seed; other cerealses increased by 628% to 997 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a precipitous contraction.

In value terms, exports of buckwheat, millet and canary seed; other cerealses soared to $2.8K in 2022. Over the period under review, exports, however, continue to indicate a sharp contraction.

Export of Buckwheat, Millet and Canary Seed; Other Cereals in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden7.45.70.21.4-42.6%
Denmark12.1N/AN/A1.3-52.5%
United Kingdom29.0N/AN/AN/A0%
OthersN/A0.41.30.2-29.3%
Total48.56.11.52.8-61.4%

Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Norway in 2022:

  1. Sweden (510.0 kg)
  2. Denmark (475.0 kg)

Source: IndexBox Market Intelligence Platform

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