Price for Cereal Flour; of Maize (Corn) in Norway - 2023

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Norway (CIF) - 2022
2. Price for Cereal Flour; of Maize (Corn) in Norway (FOB) - 2022
3. Imports of Cereal Flour; of Maize (Corn) in Norway
4. Exports of Cereal Flour; of Maize (Corn) in Norway

Price for Cereal Flour; of Maize (Corn) in Norway (CIF) - 2022

The average import price for cereal flour; of maize (corn) stood at $953 per ton in 2022, with a decrease of -9% against the previous year. Overall, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. As a result, import price reached the peak level of $1,918 per ton. From 2014 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 Belgium ($3,120 per ton), while the price for Sweden ($735 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flour; of Maize (Corn) in Norway (FOB) - 2022

In 2022, the average export price for cereal flour; of maize (corn) amounted to $653 per ton, with a decrease of -29.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 111% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,160 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($3,120 per ton), while the average price for exports to Sweden amounted to $614 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+6.7%).

Imports of Cereal Flour; of Maize (Corn) in Norway

For the fourth consecutive year, Norway recorded growth in supplies from abroad of cereal flour; of maize (corn), which increased by 21% to 960 tons in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 70%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, cereal flour; of maize (corn) imports expanded notably to $915K in 2022. Overall, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Cereal Flour; of Maize (Corn) to Norway in 2022:

1. Germany (421.9 tons)
2. France (233.5 tons)
3. Italy (161.6 tons)
4. Poland (60.8 tons)
5. Sweden (18.3 tons)
6. United Kingdom (15.6 tons)

Exports of Cereal Flour; of Maize (Corn) in Norway

For the third consecutive year, Norway recorded decline in shipments abroad of cereal flour; of maize (corn), which decreased by -30.8% to 3.2 tons in 2022. Over the period under review, exports recorded a dramatic downturn. The smallest decline of -23% was in 2021.

In value terms, cereal flour; of maize (corn) exports dropped sharply to $2.1K in 2022. Overall, exports showed a precipitous shrinkage. The smallest decline of -30.2% was in 2021.

Top Export Markets for Cereal Flour; of Maize (Corn) from Norway in 2022:

1. Sweden (3.2 tons)
2. Nigeria (0.1 tons)

Source: IndexBox Market Intelligence Platform