Scandinavia: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Scandinavia

The Scandinavia non-wheat groats market expanded notably to $X in 2021, picking up by 12% against the previous year. Over the period under review, consumption recorded a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Non-Wheat Groats Production in Scandinavia

In value terms, non-wheat groats production soared to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +98.8% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 74% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to continue growth in years to come.

Non-Wheat Groats Exports

Exports in Scandinavia

Non-wheat groats exports soared to X tons in 2021, jumping by 29% compared with 2020. Over the period under review, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2018 when exports increased by 104% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, non-wheat groats exports surged to $X in 2021. In general, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 93%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Finland (X tons) and Denmark (X tons) prevails in exports structure, together making up 95% of total exports. It was distantly followed by Sweden (X tons), achieving a 4.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of +85.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Finland ($X), Denmark ($X) and Sweden ($X) were the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

In terms of the main exporting countries, Finland, with a CAGR of +92.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with a decrease of -2.6% against the previous year. Export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats export price decreased by -6.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 49%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.6%), while the other leaders experienced mixed trends in the export price figures.

Non-Wheat Groats Imports

Imports in Scandinavia

In 2021, approx. X tons of groats and meal of cereals (excluding wheat) were imported in Scandinavia; which is down by -18.6% on the previous year. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 27%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat groats imports reached $X in 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Norway represented the largest importing country with an import of about X tons, which amounted to 59% of total imports. It was distantly followed by Denmark (X tons) and Sweden (X tons), together committing a 38% share of total imports. Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of -4.5%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest non-wheat groats importing markets in Scandinavia were Norway ($X), Denmark ($X) and Sweden ($X), with a combined 95% share of total imports. Finland lagged somewhat behind, comprising a further 5%.

In terms of the main importing countries, Finland, with a CAGR of -1.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 23% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform