Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway - 2024
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway (CIF) - 2022
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway (FOB) - 2022
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway (CIF) - 2022
In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $1,370 per ton, reducing by -21.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 26%. Over the period under review, average import prices reached the peak figure at $1,737 per ton in 2021, and then contracted markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,527 per ton), while the price for Hungary ($1,064 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway (FOB) - 2022
The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $577 per ton in 2022, shrinking by -11.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 60%. As a result, the export price attained the peak level of $982 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($3,000 per ton), while the average price for exports to Denmark totaled $579 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+18.6%).
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway
In 2022, after three years of growth, there was significant decline in supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), when their volume decreased by -18.6% to 75 tons. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +39.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 69%. As a result, imports attained the peak of 92 tons, and then reduced sharply in the following year.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) contracted sharply to $103K in 2022. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. As a result, imports reached the peak of $160K, and then reduced markedly in the following year.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 15.3 | 12.2 | 37.4 | 63.2 | 60.5% |
| Brazil | 7.6 | 17.3 | 29.0 | 14.5 | 24.0% |
| China | 11.7 | 11.0 | 13.8 | 11.2 | -1.4% |
| United Kingdom | 0.3 | 0.6 | 1.7 | 6.4 | 177.3% |
| Germany | 1.9 | 0.5 | 2.8 | 3.7 | 24.9% |
| Netherlands | 6.0 | 1.5 | 1.7 | 1.0 | -45.0% |
| Spain | 22.8 | 22.2 | 32.9 | N/A | 20.1% |
| Czech Republic | 5.4 | N/A | N/A | N/A | 0% |
| Others | 15.8 | 22.5 | 40.9 | 2.7 | -44.5% |
| Total | 86.7 | 87.7 | 160 | 103 | 5.9% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Norway in 2022:
- Hungary (59.4 tons)
- Brazil (7.4 tons)
- United Kingdom (3.7 tons)
- Germany (1.5 tons)
- China (1.1 tons)
- Netherlands (0.5 tons)
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway
For the fourth consecutive year, Norway recorded growth in shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), which increased by 20% to 115 tons in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 16,558%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $66K in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 13,109% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 0.2 | 31.1 | 62.3 | 66.4 | 592.4% |
| Others | N/A | 0.2 | 0.1 | 0.1 | -29.3% |
| Total | 0.2 | 31.3 | 62.4 | 66.5 | 592.8% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Norway in 2022:
- Denmark (114.7 tons)
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