Price for Cereal Groats; Meal and Pellets in Finland - 2023
Contents:
- Price for Cereal Groats; Meal and Pellets in Finland (FOB) - 2023
- Price for Cereal Groats; Meal and Pellets in Finland (CIF) - 2022
- Exports of Cereal Groats; Meal and Pellets in Finland
- Imports of Cereal Groats; Meal and Pellets in Finland
Price for Cereal Groats; Meal and Pellets in Finland (FOB) - 2023
The average export price for cereal groats; meal and pelletses stood at $958 per ton in June 2023, falling by -2.3% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 32% month-to-month. The export price peaked at $1,032 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In June 2023, the highest price was recorded for prices to Portugal ($1,122 per ton) and Estonia ($1,089 per ton), while the average price for exports to Belgium ($826 per ton) and Sweden ($853 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in Finland (CIF) - 2022
The average import price for cereal groats; meal and pelletses stood at $910 per ton in 2022, growing by 5.1% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal groats; meal and pellets import price increased by +11.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 29%. As a result, import price attained the peak level of $914 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($2,145 per ton), while the price for Estonia ($482 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats; Meal and Pellets in Finland
For the fourth year in a row, Finland recorded growth in overseas shipments of cereal groats; meal and pelletses, which increased by 11% to 8.4K tons in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 112%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, cereal groats; meal and pellets exports amounted to $7.2M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.5% 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 +92.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 36%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Cereal Groats; Meal and Pellets in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,512 | 2,357 | 2,229 | 1,617 | 2.3% |
| Poland | N/A | 292 | 690 | 1,419 | 120.4% |
| Belgium | 1,059 | 1,139 | 863 | 990 | -2.2% |
| Spain | 55.7 | 205 | 1,285 | 877 | 150.6% |
| Sweden | 124 | 159 | 355 | 834 | 88.8% |
| Estonia | 168 | 161 | 139 | 385 | 31.8% |
| Portugal | 483 | 451 | 490 | 381 | -7.6% |
| Others | 330 | 321 | 633 | 694 | 28.1% |
| Total | 3,732 | 5,084 | 6,684 | 7,198 | 24.5% |
Top Export Markets for Cereal Groats; Meal and Pellets from Finland in 2022:
- Italy (1.7K tons)
- Poland (1.6K tons)
- Belgium (1.2K tons)
- Sweden (1.1K tons)
- Spain (1.1K tons)
- Estonia (0.6K tons)
- Portugal (0.4K tons)
Imports of Cereal Groats; Meal and Pellets in Finland
In 2022, imports of cereal groats; meal and pelletses into Finland plummeted to 631 tons, falling by -15.9% on 2021 figures. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year.
In value terms, cereal groats; meal and pellets imports dropped to $574K in 2022. In general, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year.
| Import of Cereal Groats; Meal and Pellets in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 228 | 239 | 302 | 249 | 3.0% |
| Netherlands | 0.4 | 30.1 | 83.0 | 103 | 536.2% |
| Germany | 120 | 69.4 | 51.1 | 83.3 | -11.5% |
| Belgium | 1.3 | 0.7 | 42.3 | 51.9 | 241.8% |
| France | 52.6 | 6.0 | 3.2 | 34.1 | -13.5% |
| Denmark | 15.9 | 19.4 | 23.2 | 22.2 | 11.8% |
| Sweden | 24.3 | 45.8 | 20.0 | 13.8 | -17.2% |
| Estonia | 3.2 | 3.2 | 7.1 | 9.3 | 42.7% |
| United Kingdom | 44.2 | 7.3 | 5.5 | 6.4 | -47.5% |
| Poland | 156 | 30.3 | 86.7 | N/A | -25.5% |
| Others | 23.7 | N/A | 25.6 | 1.1 | -64.1% |
| Total | 669 | 451 | 650 | 574 | -5.0% |
Top Suppliers of Cereal Groats; Meal and Pellets to Finland in 2022:
- Italy (253.3 tons)
- Germany (133.4 tons)
- Netherlands (95.6 tons)
- Belgium (72.0 tons)
- Denmark (23.9 tons)
- France (20.3 tons)
- Estonia (19.4 tons)
- Sweden (6.4 tons)
- United Kingdom (5.6 tons)
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