Price for Cereal Flours; Other than of Wheat or Meslin in Norway - 2024

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Norway (CIF) - 2024
2. Price for Cereal Flours; Other than of Wheat or Meslin in Norway (FOB) - 2022
3. Imports of Cereal Flours; Other than of Wheat or Meslin in Norway
4. Exports of Cereal Flours; Other than of Wheat or Meslin in Norway

Price for Cereal Flours; Other than of Wheat or Meslin in Norway (CIF) - 2024

In January 2024, the average import price for cereal flours; other than of wheat or meslin amounted to $1,942 per ton, growing by 28% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($4,123 per ton), while the price for Belgium ($1,159 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Norway (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $3,795 per ton in 2022, increasing by 50% against the previous year. Overall, the export price, however, showed a perceptible descent. Over the period under review, the average export prices attained the peak figure at $6,511 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($4,050 per ton), while the average price for exports to Denmark ($2,407 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 the Netherlands (+3.0%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Flours; Other than of Wheat or Meslin in Norway

For the fourth year in a row, Norway recorded growth in supplies from abroad of cereal flours; other than of wheat or meslin, which increased by 0.2% to 1.7K tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of cereal flours; other than of wheat or meslin fell slightly to $2.2M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 60% against the previous year.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Norway in 2022:

1. Germany (646.7 tons)
2. France (233.6 tons)
3. Italy (220.9 tons)
4. Netherlands (94.3 tons)
5. Poland (70.6 tons)
6. Thailand (61.0 tons)
7. Belgium (58.6 tons)
8. South Africa (50.0 tons)
9. India (40.0 tons)
10. Sweden (35.1 tons)
11. Spain (31.1 tons)
12. United Kingdom (30.9 tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Norway

In 2022, overseas shipments of cereal flours; other than of wheat or meslin decreased by -50.6% to 12 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 49%. As a result, the exports attained the peak of 51 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cereal flours; other than of wheat or meslin reduced remarkably to $44K in 2022. Over the period under review, exports saw a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by 9% against the previous year. As a result, the exports attained the peak of $168K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Norway in 2022:

1. Finland (7.0 tons)
2. Sweden (3.7 tons)
3. Denmark (0.8 tons)

Source: IndexBox Market Intelligence Platform