Price for Cereal Groats and Meal; of Wheat in Denmark - 2023

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Denmark (CIF) - 2023
2. Price for Cereal Groats and Meal; of Wheat in Denmark (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Denmark
4. Exports of Cereal Groats and Meal; of Wheat in Denmark

Price for Cereal Groats and Meal; of Wheat in Denmark (CIF) - 2023

In September 2023, the average import price for cereal groats and meal; of wheats amounted to $883 per ton, with an increase of 4% against the previous month. Over the period from November 2022 to September 2023, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in March 2023 an increase of 16% m-o-m. As a result, import price attained the peak level of $947 per ton. From April 2023 to September 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was the United Arab Emirates ($1,192 per ton), while the price for Norway ($872 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in Denmark (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $1,139 per ton in 2022, increasing by 15% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats increased by +70.4% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 29%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($1,498 per ton), while the average price for exports to the UK ($873 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 Italy (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Denmark

In 2022, imports of cereal groats and meal; of wheats into Denmark rose significantly to 10K tons, increasing by 9.1% compared with the previous year. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 15%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cereal groats and meal; of wheats soared to $8M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +68.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Cereal Groats and Meal; of Wheat to Denmark in 2022:

1. France (5.6K tons)
2. Italy (2.6K tons)
3. Germany (1.7K tons)

Exports of Cereal Groats and Meal; of Wheat in Denmark

For the third year in a row, Denmark recorded decline in shipments abroad of cereal groats and meal; of wheats, which decreased by -10.5% to 606 tons in 2022. Over the period under review, exports showed a precipitous shrinkage. The smallest decline of -8.9% was in 2021.

In value terms, exports of cereal groats and meal; of wheats expanded modestly to $690K in 2022. Overall, exports continue to indicate a deep slump.

Top Export Markets for Cereal Groats and Meal; of Wheat from Denmark in 2022:

1. Sweden (275.1 tons)
2. Germany (104.7 tons)
3. United Kingdom (53.6 tons)
4. Iceland (37.4 tons)
5. Belgium (36.7 tons)
6. Lithuania (35.0 tons)
7. Poland (31.8 tons)

Source: IndexBox Market Intelligence Platform