Price for Cereal Groats and Meal; of Maize (Corn) in Finland - 2023

Price for Cereal Groats and Meal; of Maize (Corn) in Finland (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $754 per ton, dropping by -10.7% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 64% against the previous year. As a result, import price reached the peak level of $954 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($1,655 per ton), while the price for Germany ($529 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Groats and Meal; of Maize (Corn) in Finland (FOB) - 2022

The average export price for cereal groats and meal; of maize (corn)s stood at $2,040 per ton in 2022, dropping by -2.8% against the previous year. Overall, the export price showed a abrupt setback. Over the period under review, the average export prices attained the peak figure at $5,556 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($2,053 per ton), while the average price for exports to the Netherlands stood at $1,750 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-5.4%).

Imports of Cereal Groats and Meal; of Maize (Corn) in Finland

For the fourth consecutive year, Finland recorded growth in purchases abroad of cereal groats and meal; of maize (corn)s, which increased by 29% to 478 tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% 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 +60.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cereal groats and meal; of maize (corn)s soared to $360K in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +59.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Cereal Groats and Meal; of Maize (Corn) in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	165	166	240	281	19.4%
Germany	43.9	44.5	48.5	68.5	16.0%
Sweden	17.0	15.4	2.1	2.1	-50.2%
Others	10.5	0.9	21.3	8.4	-7.2%
Total	236	226	312	360	15.1%

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Finland in 2022:

Italy (340.4 tons)
Germany (129.6 tons)
Sweden (1.3 tons)

Exports of Cereal Groats and Meal; of Maize (Corn) in Finland

Exports of cereal groats and meal; of maize (corn)s from Finland reduced to 99 kg in 2022, with a decrease of -2% compared with the year before. Overall, exports showed a perceptible descent.

In value terms, exports of cereal groats and meal; of maize (corn)s fell to $202 in 2022. In general, exports continue to indicate a pronounced decline.