Report Update: Apr 22, 2024

Norway - Inulin - Market Analysis, Forecast, Size, Trends And Insights

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Inulin Price in Norway - 2023

Inulin Price in Norway (CIF) - 2022

In 2022, the average inulin import price amounted to $2,931 per ton, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 7.2%. Over the period under review, average import prices attained the peak figure at $3,799 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($3,016 per ton), while the price for Belgium totaled $2,843 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.6%).

Inulin Price in Norway (FOB) - 2022

The average inulin export price stood at $3,573 per ton in 2022, shrinking by -9.4% against the previous year. Overall, the export price saw a deep slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 239%. The export price peaked at $8,038 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2014 to 2022, the rate of growth in terms of prices for Iceland amounted to -2.7% per year.

Inulin Imports in Norway

In 2022, purchases abroad of inulin decreased by -50.3% to 97 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 14%.

In value terms, inulin imports shrank sharply to $285K in 2022. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports reached the peak of $574K, and then dropped notably in the following year.

Import of Inulin in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	301	295	434	206	-11.9%
Netherlands	106	173	117	69.8	-13.0%
Others	7.0	6.3	22.5	9.6	11.1%
Total	414	474	574	285	-11.7%

Top Suppliers of Inulin to Norway in 2022:

Belgium (72.3 tons)
Netherlands (23.1 tons)

Inulin Exports in Norway

Inulin exports from Norway surged to 16 tons in 2022, increasing by 69% compared with the year before. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 900% against the previous year. As a result, the exports attained the peak of 20 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, inulin exports skyrocketed to $57K in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 89%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Inulin in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	N/A	N/A	32.2	57.2	77.6%
Denmark	N/A	N/A	5.0	N/A	0%
Iceland	12.3	N/A	N/A	N/A	0%
Netherlands	N/A	23.3	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	12.3	23.3	37.3	57.2	66.9%

Top Export Markets for Inulin from Norway in 2022:

Sweden (16.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the inulin market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621130 - Inulin

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023