Price for Cereal Flours; Other than of Wheat or Meslin in Sweden - 2023

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Sweden (CIF) - 2023
2. Price for Cereal Flours; Other than of Wheat or Meslin in Sweden (FOB) - 2022
3. Imports of Cereal Flours; Other than of Wheat or Meslin in Sweden
4. Exports of Cereal Flours; Other than of Wheat or Meslin in Sweden

Price for Cereal Flours; Other than of Wheat or Meslin in Sweden (CIF) - 2023

The average import price for cereal flours; other than of wheat or meslin stood at $1,181 per ton in October 2023, with an increase of 65% against the previous month. In general, import price indicated resilient growth from October 2022 to October 2023: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cereal flours; other than of wheat or meslin increased by +64.8% against September 2023 indices. As a result, import price attained 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 October 2023, the country with the highest price was Mexico ($1,869 per ton), while the price for Ethiopia ($410 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mexico (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Sweden (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $884 per ton in 2022, with a decrease of -8.7% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs at $1,064 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Norway ($2,480 per ton), while the average price for exports to Poland ($600 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 Denmark (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flours; Other than of Wheat or Meslin in Sweden

In 2022, imports of cereal flours; other than of wheat or meslin into Sweden rose remarkably to 12K tons, growing by 6.7% compared with the previous year. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of cereal flours; other than of wheat or meslin rose markedly to $8.1M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Sweden in 2022:

1. Poland (6.5K tons)
2. Germany (1.9K tons)
3. Italy (1.2K tons)
4. Netherlands (0.5K tons)
5. Denmark (0.4K tons)
6. Belgium (0.4K tons)
7. Finland (0.2K tons)
8. France (0.2K tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Sweden

In 2022, approx. 6.3K tons of cereal flours; other than of wheat or meslin were exported from Sweden; increasing by 32% on the previous year's figure. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal flours; other than of wheat or meslin skyrocketed to $5.6M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Sweden in 2022:

1. Belgium (3207.4 tons)
2. United Kingdom (706.7 tons)
3. Portugal (535.6 tons)
4. Spain (332.5 tons)
5. United States (283.8 tons)
6. Poland (271.0 tons)
7. Netherlands (161.3 tons)
8. Germany (151.4 tons)
9. Denmark (101.6 tons)
10. Finland (78.1 tons)

Source: IndexBox Market Intelligence Platform