Price for Cereals; Oats, Other than Seed in Denmark - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Denmark (FOB) - 2023
- Price for Cereals; Oats, Other than Seed in Denmark (CIF) - 2023
- Exports of Cereals; Oats, Other than Seed in Denmark
- Imports of Cereals; Oats, Other than Seed in Denmark
Price for Cereals; Oats, Other than Seed in Denmark (FOB) - 2023
In August 2023, the average export price for cereals; oats, other than seeds amounted to $294 per ton, declining by -21.4% against the previous month. Overall, the export price continues to indicate a mild contraction. The pace of growth was the most pronounced in April 2023 an increase of 9.1% month-to-month. Over the period under review, the average export prices hit record highs at $407 per ton in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Norway.
From November 2022 to August 2023, the rate of growth in terms of prices for Germany amounted to +1.7% per month.
Price for Cereals; Oats, Other than Seed in Denmark (CIF) - 2023
In July 2023, the average import price for cereals; oats, other than seeds amounted to $343 per ton, declining by -20.1% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 22% month-to-month. As a result, import price attained the peak level of $470 per ton. From June 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Sweden ($345 per ton), while the price for Germany amounted to $291 per ton.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sweden (+0.5%).
Exports of Cereals; Oats, Other than Seed in Denmark
In 2022, the amount of cereals; oats, other than seeds exported from Denmark skyrocketed to 43K tons, jumping by 27% against 2021 figures. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 221% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, cereals; oats, other than seed exports soared to $14M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 170% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cereals; Oats, Other than Seed in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 7.9 | 8.4 | 10.9 | 61.2% |
| Norway | 0.1 | N/A | N/A | 3.0 | 210.7% |
| Others | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Total | 3.0 | 8.1 | 8.7 | 14.3 | 68.3% |
Top Export Markets for Cereals; Oats, Other than Seed from Denmark in 2022:
- Germany (33.1K tons)
- Norway (8.2K tons)
Imports of Cereals; Oats, Other than Seed in Denmark
In 2022, the amount of cereals; oats, other than seeds imported into Denmark surged to 23K tons, increasing by 78% compared with the year before. In general, imports, however, faced a deep slump.
In value terms, cereals; oats, other than seed imports soared to $7.7M in 2022. Overall, imports, however, saw a deep setback.
| Import of Cereals; Oats, Other than Seed in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 5.3 | 8.0 | 4.3 | 4.2 | -7.5% |
| Poland | 0.3 | N/A | N/A | 2.1 | 91.3% |
| United Kingdom | N/A | N/A | N/A | 0.8 | 0% |
| Germany | 2.1 | 1.8 | 0.2 | 0.4 | -42.5% |
| Lithuania | 0.7 | N/A | N/A | 0.1 | -47.7% |
| Latvia | 0.7 | 1.1 | N/A | N/A | 57.1% |
| Estonia | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 9.6 | 11.0 | 4.4 | 7.7 | -7.1% |
Top Suppliers of Cereals; Oats, Other than Seed to Denmark in 2022:
- Sweden (11.6K tons)
- Poland (7.3K tons)
- United Kingdom (2.5K tons)
- Germany (1.0K tons)
- Lithuania (0.3K tons)
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