Norway - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fat and Oil in Norway - 2023
Contents:
- Price for Fish Fat and Oil in Norway (CIF) - 2023
- Price for Fish Fat and Oil in Norway (FOB) - 2023
- Imports of Fish Fat and Oil in Norway
- Exports of Fish Fat and Oil in Norway
Price for Fish Fat and Oil in Norway (CIF) - 2023
In August 2023, the average fish fat and oil import price amounted to $4,817 per ton, approximately equating the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.5%. The growth pace was the most rapid in July 2023 when the average import price increased by 22% against the previous month. Over the period under review, average import prices hit record highs in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Mauritania ($5,661 per ton), while the price for Faroe Islands ($3,687 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 Peru (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fat and Oil in Norway (FOB) - 2023
In August 2023, the average fish fat and oil export price amounted to $2,612 per ton, picking up by 1.8% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 15% month-to-month. The export price peaked at $2,643 per ton in June 2023; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($4,425 per ton), while the average price for exports to Germany ($1,997 per ton) 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 the Netherlands (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fat and Oil in Norway
In 2022, imports of fish fats and oils into Norway reduced to 205K tons, waning by -5.6% against the year before. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 2.4%.
In value terms, fish fat and oil imports surged to $607M 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 in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Fish Fat and Oil in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iceland | 39.7 | 43.9 | 32.5 | 111 | 40.9% |
Denmark | 83.9 | 127 | 108 | 108 | 8.8% |
Peru | 142 | 93.7 | 145 | 103 | -10.2% |
United States | 41.1 | 74.3 | 31.4 | 59.2 | 12.9% |
Mauritania | 44.1 | 46.7 | 39.3 | 46.6 | 1.9% |
Mexico | 15.6 | 22.2 | 38.1 | 43.2 | 40.4% |
Chile | 21.7 | 18.5 | 36.1 | 36.8 | 19.3% |
Others | 36.5 | 45.3 | 30.2 | 99.0 | 39.5% |
Total | 424 | 472 | 460 | 607 | 12.7% |
Top Suppliers of Fish Fat and Oil to Norway in 2022:
- Iceland (42.7K tons)
- Denmark (37.0K tons)
- Peru (36.1K tons)
- United States (18.7K tons)
- Mauritania (15.3K tons)
- Mexico (12.6K tons)
- Chile (11.6K tons)
Exports of Fish Fat and Oil in Norway
In 2022, shipments abroad of fish fats and oils decreased by -10.3% to 117K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports reached the peak of 140K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, fish fat and oil exports expanded notably to $233M in 2022. The total export value increased at an average annual rate of +13.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Fish Fat and Oil in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 33.6 | 33.5 | 48.6 | 68.9 | 27.0% |
United States | 21.0 | 24.4 | 27.0 | 30.7 | 13.5% |
Denmark | 18.6 | 60.0 | 32.0 | 30.3 | 17.7% |
Greece | 15.0 | 20.4 | 21.7 | 20.9 | 11.7% |
United Kingdom | 25.2 | 14.9 | 13.9 | 16.6 | -13.0% |
Spain | 3.2 | 7.4 | 6.9 | 11.3 | 52.3% |
Netherlands | 3.6 | 4.0 | 7.5 | 7.1 | 25.4% |
Italy | 2.8 | 2.8 | 3.2 | 6.9 | 35.1% |
Germany | 2.7 | 2.8 | 3.2 | 4.0 | 14.0% |
Belgium | 3.4 | 2.8 | 3.1 | 3.2 | -2.0% |
Faroe Islands | 6.4 | 1.4 | 4.0 | 0.7 | -52.2% |
Others | 23.8 | 29.9 | 34.0 | 32.6 | 11.1% |
Total | 159 | 205 | 205 | 233 | 13.6% |
Top Export Markets for Fish Fat and Oil from Norway in 2022:
- Turkey (41.9K tons)
- Denmark (18.8K tons)
- Greece (15.3K tons)
- Spain (8.6K tons)
- United States (5.3K tons)
- United Kingdom (5.0K tons)
- Netherlands (4.5K tons)
- Italy (4.2K tons)
- Germany (1.9K tons)
- Belgium (1.8K tons)
- Faroe Islands (1.1K tons)
This report provides an in-depth analysis of the market for fish fat and oil 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 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for fish fat and oil in Norway.
This report provides an in-depth analysis of the global market for fish fat and oil.
This report provides an in-depth analysis of the market for fish fat and oil in Norway.
This report provides an in-depth analysis of the global market for fish fat and oil.
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.