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

Contents:

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

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

In 2022, the average import price for cereal groats and meal; of wheats amounted to $1,098 per ton, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,226 per ton), while the price for Norway ($678 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cereal groats and meal; of wheats amounted to $1,130 per ton, falling by -12.2% against the previous year. Over the period under review, the export price, however, posted a prominent increase. The growth pace was the most rapid in 2019 when the average export price increased by 82% against the previous year. The export price peaked at $1,287 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($1,338 per ton), while the average price for exports to Denmark ($655 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 Germany (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Sweden

In 2022, the amount of cereal groats and meal; of wheats imported into Sweden stood at 2.8K tons, picking up by 14% against the year before. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of cereal groats and meal; of wheats soared to $3M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +49.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (1642.1 tons)
2. Germany (632.3 tons)
3. Denmark (177.0 tons)
4. Finland (130.5 tons)
5. Lebanon (60.5 tons)
6. Hungary (47.2 tons)
7. Norway (13.1 tons)

Exports of Cereal Groats and Meal; of Wheat in Sweden

In 2022, approx. 233 tons of cereal groats and meal; of wheats were exported from Sweden; jumping by 35% on 2021 figures. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats skyrocketed to $263K in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Spain (132.8 tons)
2. Denmark (48.1 tons)
3. Norway (33.2 tons)
4. Latvia (8.9 tons)
5. Germany (5.2 tons)

Source: IndexBox Market Intelligence Platform