Price for Cereals; Maize (Corn), Other than Seed in Norway - 2024
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Norway (CIF) - 2024
- Price for Cereals; Maize (Corn), Other than Seed in Norway (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Norway
- Exports of Cereals; Maize (Corn), Other than Seed in Norway
Price for Cereals; Maize (Corn), Other than Seed in Norway (CIF) - 2024
The average import price for cereals; maize (corn), other than seeds stood at $281 per ton in September 2023, declining by -28.9% against the previous month. In general, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in April 2023 an increase of 27% m-o-m. As a result, import price reached the peak level of $406 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Poland.
From January 2023 to September 2023, the rate of growth in terms of prices for Lithuania amounted to -0.1% per month.
Price for Cereals; Maize (Corn), Other than Seed in Norway (FOB) - 2022
In 2022, the average export price for cereals; maize (corn), other than seeds amounted to $8,600 per ton, growing by 610% against the previous year. Over the period under review, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +9.7% per year.
Imports of Cereals; Maize (Corn), Other than Seed in Norway
Imports of cereals; maize (corn), other than seeds into Norway skyrocketed to 110K tons in 2022, jumping by 22% on the year before. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.2% 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 +78.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $39M in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereals; Maize (Corn), Other than Seed in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.7 | 11.5 | 13.5 | 33.3 | 108.0% |
| Romania | N/A | N/A | 0.3 | 2.0 | 566.7% |
| Russia | 1.0 | 0.2 | 7.7 | 0.9 | -3.5% |
| Ukraine | 6.5 | 1.7 | 0.7 | 0.3 | -64.1% |
| Others | 3.7 | 3.0 | 4.2 | 2.0 | -18.5% |
| Total | 14.8 | 16.5 | 26.4 | 38.5 | 37.5% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Norway in 2022:
- Poland (100.1K tons)
- Romania (3.3K tons)
- Russia (2.8K tons)
- Ukraine (0.8K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Norway
In 2022, shipments abroad of cereals; maize (corn), other than seeds decreased by -54.5% to 15 kg, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 115%. As a result, the exports attained the peak of 99 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; maize (corn), other than seeds surged to $129 in 2022. Over the period under review, exports saw a dramatic curtailment.
| Export of Cereals; Maize (Corn), Other than Seed in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 70.4 | 55.2 | N/A | 0.1 | -88.8% |
| Netherlands | N/A | 28.8 | N/A | N/A | 0% |
| Denmark | 13.6 | 82.8 | N/A | N/A | 508.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 84.0 | 167 | N/A | 0.1 | -89.4% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Norway in 2022:
- Sweden (15.0 kg)
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