Price for Cereal Groats and Meal; of Wheat in Norway - 2024

Price for Cereal Groats and Meal; of Wheat in Norway (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of wheats amounted to $1,352 per ton, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($2,655 per ton), while the price for Turkey ($662 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cereal groats and meal; of wheats stood at $636 per ton in 2022, with an increase of 18% against the previous year. Overall, the export price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 51% against the previous year. The export price peaked at $4,145 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2013 to 2022, the rate of growth in terms of prices for Sweden amounted to +3.0% per year.

Imports of Cereal Groats and Meal; of Wheat in Norway

In 2022, purchases abroad of cereal groats and meal; of wheats decreased by -10.9% to 251 tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 110% against the previous year. As a result, imports attained the peak of 382 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal groats and meal; of wheats reduced modestly to $339K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 97%. As a result, imports attained the peak of $414K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Cereal Groats and Meal; of Wheat in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	98.4	126	204	216	30.0%
France	58.0	64.6	68.6	63.4	3.0%
Turkey	6.1	14.7	7.4	21.2	51.5%
Lithuania	0.3	1.8	2.8	11.6	238.2%
Belgium	0.8	2.9	13.6	9.8	130.5%
India	13.8	49.6	19.4	6.8	-21.0%
Sweden	4.5	5.1	2.7	3.4	-8.9%
Netherlands	0.5	60.5	N/A	0.2	-26.3%
United Kingdom	4.1	16.4	10.0	0.2	-63.5%
Denmark	8.6	44.6	3.0	N/A	-40.9%
Others	15.4	27.5	11.0	6.8	-23.9%
Total	211	414	343	339	17.1%

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

Italy (153.0 tons)
France (38.8 tons)
Turkey (32.0 tons)
Belgium (7.4 tons)
India (4.4 tons)
Lithuania (4.4 tons)
Sweden (4.3 tons)
United Kingdom (0.2 tons)
Netherlands (0.1 tons)

Exports of Cereal Groats and Meal; of Wheat in Norway

In 2022, the amount of cereal groats and meal; of wheats exported from Norway reduced rapidly to 13 tons, shrinking by -81.5% on the previous year's figure. Over the period under review, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 8% against the previous year.

In value terms, exports of cereal groats and meal; of wheats declined sharply to $8K in 2022. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. As a result, the exports reached the peak of $37K, and then contracted remarkably in the following year.