Price for Cereal Groats; Meal and Pellets in Norway - 2023

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

The average import price for cereal groats; meal and pelletses stood at $498 per ton in 2022, picking up by 48% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +71.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,411 per ton), while the price for Germany ($362 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cereal groats; meal and pelletses amounted to $759 per ton, with a decrease of -13% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 93%. The export price peaked at $2,752 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Denmark amounted to -15.8% per year.

Imports of Cereal Groats; Meal and Pellets in Norway

In 2022, supplies from abroad of cereal groats; meal and pelletses decreased by -79.1% to 3.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a sharp decrease. The growth pace was the most rapid in 2020 when imports increased by 44% against the previous year. As a result, imports reached the peak of 23K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cereal groats; meal and pellets imports dropped markedly to $1.6M in 2022. Overall, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 41% against the previous year. As a result, imports reached the peak of $6.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cereal Groats; Meal and Pellets in Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4.2	5.7	4.4	0.9	-40.2%
Poland	0.2	0.2	0.2	0.3	14.5%
Italy	0.1	0.1	0.2	0.2	26.0%
Others	0.3	0.5	0.4	0.2	-12.6%
Total	4.7	6.7	5.2	1.6	-30.2%

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

Germany (2522.2 tons)
Poland (396.1 tons)
Italy (154.0 tons)

Exports of Cereal Groats; Meal and Pellets in Norway

Cereal groats; meal and pellets exports from Norway declined markedly to 13 tons in 2022, with a decrease of -72.2% against the year before. Over the period under review, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year.

In value terms, cereal groats; meal and pellets exports reduced remarkably to $9.6K in 2022. In general, exports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 16%.