Price for Cereal Flour; of Maize (Corn) in Denmark - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Denmark (CIF) - 2023
- Price for Cereal Flour; of Maize (Corn) in Denmark (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Denmark
- Exports of Cereal Flour; of Maize (Corn) in Denmark
Price for Cereal Flour; of Maize (Corn) in Denmark (CIF) - 2023
The average import price for cereal flour; of maize (corn) stood at $1,084 per ton in June 2023, rising by 2.8% against the previous month. Overall, import price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.4% 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 -1.5% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 20% month-to-month. Over the period under review, average import prices reached the peak figure at $1,100 per ton in April 2023; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($1,642 per ton), while the price for Poland ($662 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 Germany (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Denmark (FOB) - 2022
In 2022, the average export price for cereal flour; of maize (corn) amounted to $1,845 per ton, growing by 68% against the previous year. In general, the export price, however, showed a pronounced decline. Over the period under review, the average export prices reached the peak figure at $3,100 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Faroe Islands ($3,082 per ton), while the average price for exports to Sweden ($1,647 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 Finland (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Flour; of Maize (Corn) in Denmark
In 2022, overseas purchases of cereal flour; of maize (corn) decreased by -12.6% to 3.3K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 9%. As a result, imports reached the peak of 4.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereal flour; of maize (corn) imports fell sharply to $2.4M in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, imports attained the peak of $3.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereal Flour; of Maize (Corn) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,109 | 1,193 | 1,156 | 820 | -9.6% |
| Netherlands | 276 | 286 | 185 | 711 | 37.1% |
| Germany | 446 | 338 | 274 | 341 | -8.6% |
| Italy | 283 | 305 | 309 | 330 | 5.3% |
| Poland | 667 | 912 | 836 | 114 | -44.5% |
| Spain | 56.2 | 77.3 | 67.3 | 60.9 | 2.7% |
| Others | 36.3 | 50.5 | 102 | 49.7 | 11.0% |
| Total | 2,872 | 3,161 | 2,930 | 2,426 | -5.5% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Denmark in 2022:
- Netherlands (1069.4 tons)
- France (1044.3 tons)
- Germany (511.4 tons)
- Italy (297.5 tons)
- Poland (252.4 tons)
- Spain (62.8 tons)
Exports of Cereal Flour; of Maize (Corn) in Denmark
In 2022, after three years of growth, there was significant decline in overseas shipments of cereal flour; of maize (corn), when their volume decreased by -49.4% to 106 tons. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 127%.
In value terms, cereal flour; of maize (corn) exports contracted dramatically to $196K in 2022. The total export value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, the exports reached the peak of $231K, and then shrank sharply in the following year.
| Export of Cereal Flour; of Maize (Corn) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 17.2 | 15.6 | 85.1 | 79.6 | 66.6% |
| Norway | 47.1 | 59.8 | 40.9 | 42.5 | -3.4% |
| Sweden | 21.5 | 33.9 | 29.4 | 32.1 | 14.3% |
| Faroe Islands | 2.5 | 5.4 | 33.6 | 23.5 | 111.0% |
| Greenland | 10.8 | 8.0 | 14.1 | 11.7 | 2.7% |
| Iceland | 5.4 | 5.7 | 6.6 | 5.5 | 0.6% |
| Switzerland | 66.3 | N/A | N/A | N/A | 0% |
| Poland | N/A | 23.1 | 18.7 | N/A | -19.0% |
| Others | 2.5 | 7.0 | 3.0 | 1.4 | -17.6% |
| Total | 173 | 159 | 231 | 196 | 4.2% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Denmark in 2022:
- Finland (46.7 tons)
- Norway (23.6 tons)
- Sweden (19.5 tons)
- Faroe Islands (7.6 tons)
- Greenland (5.7 tons)
- Iceland (2.2 tons)
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This report provides an in-depth analysis of the cereal flour market in Denmark.
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This report provides an in-depth analysis of the non-wheat flour market in Denmark.
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This report provides an in-depth analysis of the global cereal flour market.
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This report provides an in-depth analysis of the global non-wheat flour market.
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