Price for Cereal Grains; Rolled or Flaked, of Oats in Denmark - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in Denmark (CIF) - 2023
2. Price for Cereal Grains; Rolled or Flaked, of Oats in Denmark (FOB) - 2023
3. Imports of Cereal Grains; Rolled or Flaked, of Oats in Denmark
4. Exports of Cereal Grains; Rolled or Flaked, of Oats in Denmark

Price for Cereal Grains; Rolled or Flaked, of Oats in Denmark (CIF) - 2023

The average import price for cereal grains; rolled or flaked, of oatses stood at $939 per ton in September 2023, picking up by 3.4% against the previous month. Overall, the import price, however, showed a slight descent. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 194% month-to-month. The import price peaked at $1,056 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Norway ($2,157 per ton), while the price for the UK stood at $1,472 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Oats in Denmark (FOB) - 2023

The average export price for cereal grains; rolled or flaked, of oatses stood at $1,491 per ton in September 2023, growing by 20% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.8%. The export price peaked at $1,547 per ton in April 2023; afterwards, it flattened through to September 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Norway ($3,227 per ton), while the average price for exports to Faroe Islands ($1,560 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Rolled or Flaked, of Oats in Denmark

For the fourth year in a row, Denmark recorded growth in supplies from abroad of cereal grains; rolled or flaked, of oatses, which increased by 2.6% to 14K tons in 2022. The total import volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 26%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cereal grains; rolled or flaked, of oatses contracted to $8.4M in 2022. Over the period under review, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to Denmark in 2022:

1. Germany (10.5K tons)
2. Latvia (3.2K tons)

Exports of Cereal Grains; Rolled or Flaked, of Oats in Denmark

In 2022, approx. 2.3K tons of cereal grains; rolled or flaked, of oatses were exported from Denmark; rising by 22% compared with 2021. Overall, exports, however, showed a sharp curtailment.

In value terms, exports of cereal grains; rolled or flaked, of oatses skyrocketed to $2.9M in 2022. Over the period under review, exports, however, saw a sharp contraction.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from Denmark in 2022:

1. Germany (760.4 tons)
2. Sweden (384.5 tons)
3. Iceland (340.9 tons)
4. Poland (206.5 tons)
5. Ireland (115.9 tons)
6. Faroe Islands (105.5 tons)
7. Netherlands (97.6 tons)
8. Greenland (87.1 tons)
9. Finland (81.5 tons)

Source: IndexBox Market Intelligence Platform