Price for Cereals; Maize (Corn), Other than Seed in Denmark - 2023
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Denmark (CIF) - 2023
- Price for Cereals; Maize (Corn), Other than Seed in Denmark (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Denmark
- Exports of Cereals; Maize (Corn), Other than Seed in Denmark
Price for Cereals; Maize (Corn), Other than Seed in Denmark (CIF) - 2023
In August 2023, the average import price for cereals; maize (corn), other than seeds amounted to $300 per ton, falling by -11.4% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 30% month-to-month. As a result, import price attained the peak level of $441 per ton. From May 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Argentina ($865 per ton), while the price for Ukraine stood at $266 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Argentina (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Other than Seed in Denmark (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $983 per ton in 2022, rising by 222% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Faroe Islands ($2,136 per ton), while the average price for exports to Germany ($222 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 Germany (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Other than Seed in Denmark
In 2022, supplies from abroad of cereals; maize (corn), other than seeds was finally on the rise to reach 232K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt contraction.
In value terms, imports of cereals; maize (corn), other than seeds soared to $83M in 2022. In general, imports, however, showed a pronounced contraction.
| Import of Cereals; Maize (Corn), Other than Seed in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 7.2 | 10.5 | 16.3 | 47.5 | 87.6% |
| Lithuania | 22.1 | 15.6 | 11.1 | 16.6 | -9.1% |
| Germany | 1.6 | 3.3 | 1.1 | 7.0 | 63.6% |
| Netherlands | 9.4 | 4.7 | 3.9 | 3.5 | -28.1% |
| Argentina | 2.0 | 2.1 | 1.9 | 3.0 | 14.5% |
| Ukraine | 45.7 | N/A | 1.2 | 2.8 | -60.6% |
| Russia | 1.9 | 0.5 | 1.7 | N/A | -5.4% |
| Others | 3.2 | 4.5 | 4.0 | 2.5 | -7.9% |
| Total | 93.0 | 41.2 | 41.3 | 82.9 | -3.8% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Denmark in 2022:
- Poland (146.3K tons)
- Lithuania (50.8K tons)
- Germany (14.8K tons)
- Ukraine (8.6K tons)
- Netherlands (5.8K tons)
- Argentina (3.8K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Denmark
In 2022, shipments abroad of cereals; maize (corn), other than seeds decreased by -87% to 880 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 33%. As a result, the exports attained the peak of 89K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereals; maize (corn), other than seeds declined dramatically to $865K in 2022. Over the period under review, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 130% against the previous year. As a result, the exports reached the peak of $14M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cereals; Maize (Corn), Other than Seed in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,544 | 1,539 | 554 | 500 | -31.3% |
| Iceland | 54.0 | 41.8 | 17.6 | 114 | 28.3% |
| Norway | 60.9 | 15.9 | 6.4 | 75.2 | 7.3% |
| Finland | 37.9 | 93.0 | 79.1 | 72.1 | 23.9% |
| Faroe Islands | 8.0 | 12.0 | 12.4 | 42.5 | 74.5% |
| Serbia | 25.4 | N/A | N/A | 16.4 | -13.6% |
| Germany | 4,512 | 10,872 | 1,335 | 9.8 | -87.0% |
| Others | 43.2 | 1,906 | 56.0 | 35.3 | -6.5% |
| Total | 6,285 | 14,480 | 2,061 | 865 | -48.4% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Denmark in 2022:
- Sweden (596.0 tons)
- Iceland (77.8 tons)
- Norway (62.2 tons)
- Germany (44.2 tons)
- Finland (42.3 tons)
- Serbia (24.7 tons)
- Faroe Islands (19.9 tons)
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