Price for Cereal Groats and Meal; of Maize (Corn) in Denmark - 2023
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Denmark (CIF) - 2023
- Price for Cereal Groats and Meal; of Maize (Corn) in Denmark (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Denmark
- Exports of Cereal Groats and Meal; of Maize (Corn) in Denmark
Price for Cereal Groats and Meal; of Maize (Corn) in Denmark (CIF) - 2023
In September 2023, the average import price for cereal groats and meal; of maize (corn)s amounted to $691 per ton, shrinking by -5% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in April 2023 an increase of 15% m-o-m. Over the period under review, average import prices reached the maximum at $761 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was France ($770 per ton), while the price for Germany stood at $663 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+2.9%).
Price for Cereal Groats and Meal; of Maize (Corn) in Denmark (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $697 per ton in 2022, increasing by 25% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 82% against the previous year. Over the period under review, the average export prices hit record highs at $827 per ton in 2020; however, from 2021 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 Greenland ($3,304 per ton), while the average price for exports to Faroe Islands ($458 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 (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereal Groats and Meal; of Maize (Corn) in Denmark
Imports of cereal groats and meal; of maize (corn)s into Denmark rose rapidly to 7.5K tons in 2022, with an increase of 5.5% compared with 2021 figures. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cereal groats and meal; of maize (corn)s surged to $4.1M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Cereal Groats and Meal; of Maize (Corn) in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.9 | 1.9 | 2.6 | 3.2 | 19.0% |
| France | 0.2 | 0.1 | 0.6 | 0.7 | 51.8% |
| Poland | 0.2 | 0.3 | N/A | N/A | 50.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 2.4 | 2.4 | 3.4 | 4.1 | 19.5% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Denmark in 2022:
- Germany (6.1K tons)
- France (1.3K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Denmark
In 2022, approx. 4.9 tons of cereal groats and meal; of maize (corn)s were exported from Denmark; waning by -84.6% compared with the year before. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 981% against the previous year. As a result, the exports reached the peak of 32 tons, and then fell significantly in the following year.
In value terms, exports of cereal groats and meal; of maize (corn)s dropped markedly to $3.4K in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 631% against the previous year. As a result, the exports reached the peak of $18K, and then dropped notably in the following year.
| Export of Cereal Groats and Meal; of Maize (Corn) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.5 | 0.3 | 1.3 | 1.6 | 47.4% |
| Faroe Islands | 0.7 | 0.8 | 13.7 | 0.9 | 8.7% |
| Germany | 0.7 | 0.2 | 0.1 | 0.5 | -10.6% |
| Greenland | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Norway | 1.2 | 0.8 | 0.3 | 0.2 | -45.0% |
| Iceland | 0.1 | 0.1 | 2.1 | N/A | 358.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.4 | 2.4 | 17.8 | 3.4 | 0.0% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Denmark in 2022:
- Faroe Islands (2052.0 kg)
- Sweden (1803.0 kg)
- Germany (905.0 kg)
- Greenland (79.0 kg)
- Norway (36.0 kg)
- Iceland (32.0 kg)
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