Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark (FOB) - 2023
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark (CIF) - 2023
3. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark
4. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark (FOB) - 2023

The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $1,509 per ton in September 2023, which is down by -12.2% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in January 2023 an increase of 22% against the previous month. Over the period under review, the average export prices reached the maximum at $1,719 per ton in August 2023, and then contracted in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Greenland ($2,269 per ton), while the average price for exports to Israel ($1,288 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark (CIF) - 2023

In September 2023, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $733 per ton, reducing by -13.4% against the previous month. In general, the import price recorded a noticeable reduction. The growth pace was the most rapid in August 2023 an increase of 29% month-to-month. Over the period under review, average import prices reached the maximum at $1,111 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From December 2022 to September 2023, the rate of growth in terms of prices for the Netherlands amounted to +25.3% per month.

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark

For the fourth consecutive year, Denmark recorded growth in shipments abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses, which increased by 47% to 8K tons in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 72% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses soared to $11M in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 171%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Denmark in 2022:

1. Germany (3.7K tons)
2. Sweden (2.6K tons)
3. Italy (0.7K tons)
4. Iceland (0.2K tons)
5. Ireland (0.2K tons)
6. Poland (0.1K tons)
7. Finland (0.1K tons)

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Denmark

In 2022, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses into Denmark surged to 2.6K tons, with an increase of 25% on the previous year. Over the period under review, imports continue to indicate mild growth. The pace of growth was the most pronounced in 2021 when imports increased by 68%. 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 cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $2.3M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +86.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Denmark in 2022:

1. Germany (2364.7 tons)
2. Poland (114.0 tons)
3. Netherlands (48.2 tons)

Source: IndexBox Market Intelligence Platform