Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sweden - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sweden (FOB) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sweden (CIF) - 2023
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Sweden
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Sweden
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sweden (FOB) - 2023
In October 2023, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $3,056 per ton, growing by 907% against the previous month. In general, the export price continues to indicate a significant expansion. As a result, the export price reached 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 Norway.
From October 2022 to October 2023, the rate of growth in terms of prices for Denmark amounted to +17.0% per month.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sweden (CIF) - 2023
In October 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $2,870 per ton, increasing by 40% against the previous month. Overall, the import price saw a pronounced expansion. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 289% against the previous month. Over the period under review, average import prices attained the maximum at $3,439 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($3,912 per ton), while the price for Kazakhstan ($1,316 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Sweden
For the fourth year in a row, Sweden recorded growth in shipments abroad of buckwheat, millet and canary seed; other cerealses, which increased by 4.7% to 57K tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 66%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of buckwheat, millet and canary seed; other cerealses surged to $20M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 7.3 | 5.0 | 11.7 | 155.7% |
| Denmark | 1.9 | 0.9 | 6.5 | 4.8 | 36.2% |
| Belgium | 1.4 | 0.7 | N/A | 1.9 | 10.7% |
| Poland | N/A | N/A | N/A | 0.3 | 0% |
| Lithuania | 4.7 | 1.4 | 1.2 | N/A | -49.5% |
| Others | 1.1 | 1.7 | 4.6 | 1.2 | 2.9% |
| Total | 9.8 | 12.0 | 17.3 | 20.0 | 26.8% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Sweden in 2022:
- Germany (35.6K tons)
- Denmark (10.2K tons)
- Belgium (6.3K tons)
- Poland (3.1K tons)
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Sweden
After two years of decline, purchases abroad of buckwheat, millet and canary seed; other cerealses increased by 326% to 6.2K tons in 2022. In general, imports, however, recorded a abrupt downturn.
In value terms, imports of buckwheat, millet and canary seed; other cerealses skyrocketed to $4.9M in 2022. Over the period under review, imports, however, recorded a deep reduction.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 815 | 115 | 67.1 | 1,951 | 33.8% |
| Peru | 1,041 | 790 | 468 | 689 | -12.9% |
| Netherlands | 471 | 287 | 494 | 665 | 12.2% |
| Germany | 942 | 647 | 588 | 580 | -14.9% |
| Denmark | 427 | 355 | 421 | 421 | -0.5% |
| Belgium | 45.3 | 130 | 138 | 190 | 61.3% |
| Italy | 661 | 639 | 472 | 109 | -45.2% |
| Lithuania | 835 | 49.9 | 57.4 | 89.1 | -52.6% |
| Latvia | 771 | 2.5 | N/A | N/A | -99.7% |
| Others | 400 | 470 | 339 | 246 | -15.0% |
| Total | 6,409 | 3,485 | 3,046 | 4,940 | -8.3% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Sweden in 2022:
- Poland (4723.4 tons)
- Peru (315.9 tons)
- Germany (291.3 tons)
- Netherlands (289.5 tons)
- Denmark (214.4 tons)
- Belgium (113.6 tons)
- Lithuania (88.7 tons)
- Italy (32.1 tons)
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