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

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Sweden (CIF) - 2023
2. Price for Cereal Flour; of Maize (Corn) in Sweden (FOB) - 2022
3. Imports of Cereal Flour; of Maize (Corn) in Sweden
4. Exports of Cereal Flour; of Maize (Corn) in Sweden

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

In June 2023, the average import price for cereal flour; of maize (corn) amounted to $613 per ton, reducing by -16% against the previous month. Over the period under review, import price indicated a mild increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cereal flour; of maize (corn) import price decreased by -21.9% against April 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 34% against the previous month. The import price peaked at $784 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,056 per ton), while the price for Poland ($557 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cereal flour; of maize (corn) stood at $1,475 per ton in 2022, approximately mirroring the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 18%. As a result, the export price attained the peak level of $1,767 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($2,373 per ton), while the average price for exports to Norway ($1,131 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 the UK (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

Cereal flour; of maize (corn) imports into Sweden rose remarkably to 8.6K tons in 2022, surging by 7.4% on the previous year's figure. The total import volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of 8.6K tons; afterwards, it flattened through to 2022.

In value terms, cereal flour; of maize (corn) imports surged to $4.2M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Poland (6.5K tons)
2. Italy (0.8K tons)
3. Germany (0.7K tons)
4. France (0.2K tons)
5. Denmark (0.1K tons)

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

In 2022, approx. 26 tons of cereal flour; of maize (corn) were exported from Sweden; picking up by 11% compared with 2021 figures. In general, exports, however, recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 35%. As a result, the exports attained the peak of 108 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal flour; of maize (corn) exports expanded significantly to $39K in 2022. Over the period under review, exports, however, showed a dramatic descent. The pace of growth was the most pronounced in 2020 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $183K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Norway (18.0 tons)
2. Denmark (3.1 tons)
3. United Kingdom (2.0 tons)
4. Finland (1.0 tons)

Source: IndexBox Market Intelligence Platform