Price for Flours and Meals; of Soya Beans in Norway - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in Norway (CIF) - 2022
2. Price for Flours and Meals; of Soya Beans in Norway (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Norway
4. Exports of Flours and Meals; of Soya Beans in Norway

Price for Flours and Meals; of Soya Beans in Norway (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,588 per ton, growing by 8.2% against the previous year. Overall, the import price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 8.6%. Over the period under review, average import prices attained the peak figure at $3,460 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,829 per ton), while the price for Denmark ($999 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.5%), while the prices for the other major suppliers experienced a decline.

Price for Flours and Meals; of Soya Beans in Norway (FOB) - 2022

The average export price for flours and meals; of soya beanses stood at $1,829 per ton in 2022, picking up by 98% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of 278% against the previous year. As a result, the export price attained the peak level of $11,037 per ton. From 2020 to 2022, the average 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 Slovenia ($8,333 per ton), while the average price for exports to Sweden ($990 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 Slovenia (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Norway

For the third consecutive year, Norway recorded decline in overseas purchases of flours and meals; of soya beanses, which decreased by -11% to 55 tons in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage.

In value terms, imports of flours and meals; of soya beanses contracted slightly to $88K in 2022. In general, imports showed a deep reduction.

Top Suppliers of Flours and Meals; of Soya Beans to Norway in 2022:

1. Austria (23.3 tons)
2. United Kingdom (15.0 tons)
3. Denmark (8.4 tons)
4. Netherlands (8.3 tons)

Exports of Flours and Meals; of Soya Beans in Norway

In 2022, overseas shipments of flours and meals; of soya beanses decreased by -63.2% to 140 kg, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 248%. As a result, the exports attained the peak of 657 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flours and meals; of soya beanses contracted rapidly to $256 in 2022. Over the period under review, exports continue to indicate a sharp setback.

Top Export Markets for Flours and Meals; of Soya Beans from Norway in 2022:

1. Sweden (100.0 kg)
2. France (24.0 kg)
3. Slovenia (15.0 kg)

Source: IndexBox Market Intelligence Platform