Price for Cereals; Rye, Other than Seed in Denmark - 2023
Contents:
- Price for Cereals; Rye, Other than Seed in Denmark (CIF) - 2023
- Price for Cereals; Rye, Other than Seed in Denmark (FOB) - 2022
- Imports of Cereals; Rye, Other than Seed in Denmark
- Exports of Cereals; Rye, Other than Seed in Denmark
Price for Cereals; Rye, Other than Seed in Denmark (CIF) - 2023
In September 2023, the average import price for cereals; rye, other than seeds amounted to $291 per ton, increasing by 26% against the previous month. Over the period under review, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in February 2023 an increase of 47% m-o-m. Over the period under review, average import prices attained the maximum at $699 per ton in November 2022; however, from December 2022 to September 2023, 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 Sweden ($390 per ton), while the price for Germany totaled $291 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Rye, Other than Seed in Denmark (FOB) - 2022
In 2022, the average export price for cereals; rye, other than seeds amounted to $212 per ton, surging by 4.3% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 59%. The export price peaked at $323 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($578 per ton), while the average price for exports to the United States ($46 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 Spain (+7.5%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Rye, Other than Seed in Denmark
Cereals; rye, other than seed imports into Denmark soared to 37K tons in 2022, picking up by 190% against the previous year. In general, imports, however, recorded a pronounced setback.
In value terms, cereals; rye, other than seed imports soared to $11M in 2022. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Rye, Other than Seed in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.1 | N/A | N/A | 5.3 | 68.9% |
| Latvia | 2.8 | N/A | 0.5 | 2.8 | 0.0% |
| Sweden | 0.7 | 1.3 | 0.1 | 2.1 | 44.2% |
| Estonia | N/A | N/A | N/A | 0.6 | 0% |
| Poland | 1.9 | N/A | N/A | 0.6 | -31.9% |
| Russia | 0.8 | N/A | N/A | N/A | 0% |
| Lithuania | 1.0 | N/A | 1.8 | N/A | 34.2% |
| Finland | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 8.7 | 1.3 | 2.5 | 11.4 | 9.4% |
Top Suppliers of Cereals; Rye, Other than Seed to Denmark in 2022:
- Germany (16.8K tons)
- Latvia (9.6K tons)
- Sweden (6.0K tons)
- Poland (2.6K tons)
- Estonia (2.2K tons)
Exports of Cereals; Rye, Other than Seed in Denmark
For the third year in a row, Denmark recorded decline in overseas shipments of cereals; rye, other than seeds, which decreased by -95.8% to 283 tons in 2022. Overall, exports continue to indicate a precipitous setback. The smallest decline of -42.2% was in 2021.
In value terms, cereals; rye, other than seed exports shrank significantly to $60K in 2022. Over the period under review, exports showed a sharp shrinkage. The smallest decline of -31.2% was in 2021.
| Export of Cereals; Rye, Other than Seed in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,990 | 1,943 | 1,244 | 52.0 | -70.3% |
| Iceland | 4.8 | 4.2 | N/A | 6.1 | 8.3% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Sweden | 474 | 0.9 | N/A | N/A | -99.8% |
| Netherlands | 262 | 20.7 | 107 | N/A | -36.1% |
| Canada | 5,991 | N/A | N/A | N/A | 0% |
| Others | 18.7 | 2.5 | 5.0 | 1.7 | -55.0% |
| Total | 8,741 | 1,971 | 1,356 | 60.0 | -81.0% |
Top Export Markets for Cereals; Rye, Other than Seed from Denmark in 2022:
- Germany (266.8 tons)
- Iceland (10.5 tons)
- United States (4.5 tons)
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