Price for Cereal Groats and Meal; of Wheat in Finland - 2023
Contents:
- Price for Cereal Groats and Meal; of Wheat in Finland (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in Finland (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Finland
- Exports of Cereal Groats and Meal; of Wheat in Finland
Price for Cereal Groats and Meal; of Wheat in Finland (CIF) - 2022
The average import price for cereal groats and meal; of wheats stood at $1,372 per ton in 2022, increasing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Netherlands ($2,883 per ton), while the price for Russia ($934 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 (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in Finland (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of wheats amounted to $1,068 per ton, picking up by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($1,076 per ton) and Ukraine ($1,057 per ton), while the average price for exports to Russia ($966 per ton) and Italy ($970 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+60.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Wheat in Finland
In 2022, supplies from abroad of cereal groats and meal; of wheats increased by 6% to 77 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a sharp contraction.
In value terms, imports of cereal groats and meal; of wheats surged to $106K in 2022. Overall, imports, however, saw a significant curtailment.
| Import of Cereal Groats and Meal; of Wheat in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 63.5 | 72.1 | 61.3 | 33.4 | -19.3% |
| France | 39.1 | 6.0 | 3.2 | 31.8 | -6.7% |
| Germany | 75.6 | 24.9 | 2.5 | 19.5 | -36.3% |
| Sweden | 1.6 | 3.2 | 9.1 | 12.5 | 98.4% |
| Netherlands | 0.3 | 0.3 | 3.7 | 6.7 | 181.6% |
| Russia | N/A | N/A | 1.1 | 1.1 | 0.0% |
| United Kingdom | 42.6 | 6.1 | N/A | N/A | -85.7% |
| Others | 11.0 | 1.6 | 2.3 | 0.7 | -60.1% |
| Total | 234 | 114 | 83.1 | 106 | -23.2% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Finland in 2022:
- Italy (30.1 tons)
- France (20.3 tons)
- Germany (14.5 tons)
- Sweden (8.4 tons)
- Netherlands (2.3 tons)
- Russia (1.2 tons)
Exports of Cereal Groats and Meal; of Wheat in Finland
Exports of cereal groats and meal; of wheats from Finland contracted remarkably to 35 tons in 2022, which is down by -85.7% on the year before. Over the period under review, exports saw a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 3.3%.
In value terms, exports of cereal groats and meal; of wheats reduced notably to $37K in 2022. Overall, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 4.6%.
| Export of Cereal Groats and Meal; of Wheat in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 12.2 | 15.3 | 19.5 | 18.7 | 15.3% |
| Russia | 32.7 | 34.9 | 34.8 | 7.1 | -39.9% |
| Sweden | 11.8 | N/A | 64.5 | 4.8 | -25.9% |
| Estonia | 123 | 117 | 58.9 | 2.3 | -73.5% |
| Georgia | 4.1 | 4.4 | 3.0 | 1.7 | -25.4% |
| Italy | N/A | 0.6 | N/A | 0.5 | -8.7% |
| Others | 41.1 | 1.2 | 1.0 | 2.0 | -63.5% |
| Total | 224 | 174 | 182 | 37.1 | -45.1% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Finland in 2022:
- Ukraine (17.7 tons)
- Russia (7.4 tons)
- Sweden (4.5 tons)
- Estonia (2.3 tons)
- Georgia (1.6 tons)
- Italy (0.5 tons)
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