Liqueurs and Cordials Price in Norway - 2023
Contents:
- Liqueurs and Cordials Price in Norway (CIF) - 2023
- Liqueurs and Cordials Price in Norway (FOB) - 2023
- Liqueurs and Cordials Imports in Norway
- Liqueurs and Cordials Exports in Norway
Liqueurs and Cordials Price in Norway (CIF) - 2023
In August 2023, the average liqueurs and cordials import price amounted to $8.5 per litre, increasing by 2.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 26% m-o-m. As a result, import price reached the peak level of $8.6 per litre. From July 2023 to August 2023, the average import prices remained at a 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 Mexico ($13.4 per litre), while the price for Finland ($4.9 per litre) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Norway (FOB) - 2023
In August 2023, the average liqueurs and cordials export price amounted to $7.4 per litre, rising by 5.1% against the previous month. Overall, export price indicated a pronounced increase from August 2022 to August 2023: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, liqueurs and cordials export price increased by +41.3% against June 2023 indices. The pace of growth appeared the most rapid in October 2022 an increase of 36% m-o-m. The export price peaked at $8.4 per litre in November 2022; however, from December 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Denmark ($10.1 per litre), while the average price for exports to Germany ($5.3 per litre) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Norway
For the fourth consecutive year, Norway recorded growth in purchases abroad of liqueurs and cordialses, which increased by 5.2% to 2.5M litres in 2022. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, liqueurs and cordials imports contracted modestly to $19M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of $19M, and then dropped modestly in the following year.
| Import of Liqueurs and Cordials in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.1 | 0.8 | 1.2 | 3.2 | 42.8% |
| Ireland | 5.1 | 5.1 | 6.4 | 3.1 | -15.3% |
| France | 1.6 | 1.4 | 1.9 | 2.3 | 12.9% |
| Canada | 1.7 | 1.4 | 1.3 | 2.1 | 7.3% |
| Italy | 1.0 | 1.4 | 1.7 | 1.7 | 19.3% |
| Netherlands | 1.6 | 2.1 | 2.1 | 1.5 | -2.1% |
| Denmark | 0.9 | 1.0 | 0.4 | 1.3 | 13.0% |
| Finland | 0.6 | 0.6 | 1.0 | 1.1 | 22.4% |
| Others | 2.1 | 2.5 | 3.0 | 2.5 | 6.0% |
| Total | 15.7 | 16.4 | 19.1 | 18.9 | 6.4% |
Top Suppliers of Liqueurs and Cordials to Norway in 2022:
- Ireland (424.9K litres)
- United Kingdom (410.3K litres)
- Canada (298.6K litres)
- France (243.7K litres)
- Italy (221.3K litres)
- Netherlands (220.7K litres)
- Finland (190.5K litres)
- Denmark (188.4K litres)
Liqueurs and Cordials Exports in Norway
In 2022, liqueurs and cordials exports from Norway surged to 253K litres, picking up by 60% on the previous year's figure. Over the period under review, exports, however, showed a abrupt contraction. The exports peaked at 299K litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, liqueurs and cordials exports skyrocketed to $1.7M in 2022. In general, exports, however, recorded a perceptible decrease. Over the period under review, the exports attained the maximum at $1.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Liqueurs and Cordials in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 378 | 299 | 351 | 651 | 19.9% |
| Germany | 567 | 104 | 103 | 283 | -20.7% |
| Finland | 407 | 252 | 263 | 272 | -12.6% |
| Denmark | 192 | 104 | 196 | 208 | 2.7% |
| Iceland | 108 | 60.8 | 99.2 | 93.1 | -4.8% |
| Estonia | 125 | 53.0 | 53.8 | 74.8 | -15.7% |
| Netherlands | 30.2 | 22.7 | 27.4 | 24.7 | -6.5% |
| Others | 33.4 | 35.2 | 30.6 | 81.3 | 34.5% |
| Total | 1,840 | 931 | 1,125 | 1,687 | -2.9% |
Top Export Markets for Liqueurs and Cordials from Norway in 2022:
- Sweden (92.2K litres)
- Germany (50.8K litres)
- Denmark (42.7K litres)
- Finland (35.4K litres)
- Iceland (10.8K litres)
- Estonia (10.6K litres)
- Netherlands (4.0K litres)
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