Non-Liquid Margarine Price in Norway - 2023
Contents:
- Non-Liquid Margarine Price in Norway (CIF) - 2023
- Non-Liquid Margarine Price in Norway (FOB) - 2022
- Non-Liquid Margarine Imports in Norway
- Non-Liquid Margarine Exports in Norway
Non-Liquid Margarine Price in Norway (CIF) - 2023
The average non-liquid margarine import price stood at $2,124 per ton in August 2023, reducing by -7.3% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 12% m-o-m. Over the period under review, average import prices reached the peak figure at $2,486 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Finland ($2,271 per ton), while the price for Denmark ($1,988 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Finland (+2.0%), while the prices for the other major suppliers experienced a decline.
Non-Liquid Margarine Price in Norway (FOB) - 2022
The average non-liquid margarine export price stood at $2,491 per ton in 2022, with a decrease of -2.7% against the previous year. Over the period under review, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of 7.3%. Over the period under review, the average export prices attained the maximum at $3,163 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($2,930 per ton), while the average price for exports to Lithuania ($1,930 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 Sweden (+4.0%), while the prices for the other major destinations experienced a decline.
Non-Liquid Margarine Imports in Norway
After three years of growth, supplies from abroad of non-liquid margarine decreased by -5.9% to 2.8K tons in 2022. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year.
In value terms, non-liquid margarine imports expanded modestly to $5.8M in 2022. The total import value increased at an average annual rate of +12.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 23%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 2.0 | 2.6 | 2.9 | 3.0 | 14.5% |
| Finland | 2.0 | 2.3 | 2.7 | 2.5 | 7.7% |
| Lithuania | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 4.1 | 5.0 | 5.6 | 5.8 | 12.3% |
Top Suppliers of Non-Liquid Margarine to Norway in 2022:
- Denmark (1443.4 tons)
- Finland (1212.2 tons)
- Lithuania (76.8 tons)
Non-Liquid Margarine Exports in Norway
Non-liquid margarine exports from Norway reduced dramatically to 488 tons in 2022, with a decrease of -16.8% on the previous year. The total export volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, the exports reached the peak of 587 tons, and then dropped dramatically in the following year.
In value terms, non-liquid margarine exports fell remarkably to $1.2M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of $1.5M, and then fell notably in the following year.
| Export of Non-Liquid Margarine in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 279 | 287 | 299 | 289 | 1.2% |
| Singapore | 241 | 191 | 345 | 151 | -14.4% |
| Sweden | 69.5 | 29.9 | 49.8 | 124 | 21.3% |
| Denmark | 39.1 | 21.2 | 32.6 | 26.0 | -12.7% |
| Lithuania | N/A | N/A | N/A | 10.6 | 0% |
| Malaysia | 21.0 | 36.8 | 17.1 | N/A | -9.8% |
| Others | 402 | 362 | 758 | 615 | 15.2% |
| Total | 1,051 | 928 | 1,502 | 1,215 | 5.0% |
Top Export Markets for Non-Liquid Margarine from Norway in 2022:
- Spain (98.5 tons)
- Singapore (78.2 tons)
- Sweden (46.4 tons)
- Denmark (11.1 tons)
- Lithuania (5.5 tons)
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