Price for Food Preparations Not Elsewhere Specified or Included in Norway - 2024
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Norway (CIF) - 2024
- Price for Food Preparations Not Elsewhere Specified or Included in Norway (FOB) - 2024
- Imports of Food Preparations Not Elsewhere Specified or Included in Norway
- Exports of Food Preparations Not Elsewhere Specified or Included in Norway
Price for Food Preparations Not Elsewhere Specified or Included in Norway (CIF) - 2024
The average import price for food preparations not elsewhere specified or included stood at $6,836 per ton in January 2024, dropping by -3.8% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in July 2023 an increase of 21% against the previous month. As a result, import price reached the peak level of $7,777 per ton. From August 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($25,384 per ton), while the price for Indonesia ($1,527 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Norway (FOB) - 2024
The average export price for food preparations not elsewhere specified or included stood at $18,669 per ton in January 2024, waning by -12.5% against the previous month. Over the period under review, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 26% month-to-month. As a result, the export price attained the peak level of $21,330 per ton, and then dropped in the following month.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Japan ($92,697 per ton), while the average price for exports to Sweden ($5,363 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Norway
In 2022, approx. 47K tons of food preparations not elsewhere specified or included were imported into Norway; waning by -1.8% against the previous year's figure. In general, imports showed a significant decrease.
In value terms, imports of food preparations not elsewhere specified or included dropped to $271M in 2022. Over the period under review, imports faced a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 13%.
| Import of Food Preparations Not Elsewhere Specified or Included in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 37.7 | 41.1 | 48.3 | 36.0 | -1.5% |
| United Kingdom | 25.4 | 28.4 | 30.2 | 33.0 | 9.1% |
| Netherlands | 29.9 | 32.0 | 34.7 | 30.8 | 1.0% |
| Denmark | 24.4 | 26.2 | 30.1 | 30.3 | 7.5% |
| Germany | 27.9 | 24.9 | 28.0 | 29.7 | 2.1% |
| Poland | 13.8 | 8.0 | 11.1 | 12.9 | -2.2% |
| Switzerland | 13.8 | 13.9 | 12.5 | 10.3 | -9.3% |
| Belgium | 6.0 | 8.8 | 9.6 | 8.1 | 10.5% |
| Italy | 7.5 | 7.9 | 9.0 | 7.9 | 1.7% |
| Sri Lanka | 0.9 | 2.2 | 3.2 | 3.7 | 60.2% |
| Thailand | 3.7 | 3.1 | 3.5 | 3.0 | -6.8% |
| Indonesia | 1.4 | 1.1 | 2.1 | 2.3 | 18.0% |
| Brazil | 303 | N/A | N/A | N/A | 0% |
| Others | 104 | 60.1 | 68.1 | 63.2 | -15.3% |
| Total | 600 | 258 | 291 | 271 | -23.3% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Norway in 2022:
- Sweden (15.6K tons)
- Denmark (6.7K tons)
- Germany (4.6K tons)
- Netherlands (3.4K tons)
- United Kingdom (2.3K tons)
- Belgium (1.9K tons)
- Sri Lanka (1.3K tons)
- Thailand (1.2K tons)
- Indonesia (1.1K tons)
- Switzerland (1.1K tons)
- Poland (0.9K tons)
- Italy (0.8K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Norway
In 2022, approx. 15K tons of food preparations not elsewhere specified or included were exported from Norway; with an increase of 8.6% compared with 2021. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included shrank to $242M in 2022. The total export value increased at an average annual rate of +9.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18%. As a result, the exports reached the peak of $252M, and then contracted modestly in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 61.9 | 62.0 | 57.1 | 51.9 | -5.7% |
| Sweden | 26.0 | 23.1 | 33.2 | 34.6 | 10.0% |
| United States | 13.5 | 19.6 | 21.5 | 21.6 | 17.0% |
| Germany | 17.9 | 16.5 | 15.2 | 18.1 | 0.4% |
| Denmark | 3.3 | 5.5 | 7.7 | 17.2 | 73.4% |
| United Kingdom | 0.8 | 6.1 | 20.7 | 11.6 | 143.8% |
| South Korea | 19.6 | 16.0 | 14.9 | 10.3 | -19.3% |
| Poland | 3.5 | 7.8 | 11.4 | 10.1 | 42.4% |
| Czech Republic | 3.6 | 3.1 | 6.2 | 5.5 | 15.2% |
| Others | 34.3 | 53.5 | 63.7 | 60.6 | 20.9% |
| Total | 184 | 213 | 252 | 242 | 9.6% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Norway in 2022:
- Sweden (5.0K tons)
- Denmark (2.0K tons)
- Germany (1.6K tons)
- United Kingdom (1.2K tons)
- United States (1.1K tons)
- Japan (1.1K tons)
- Poland (0.4K tons)
- Czech Republic (0.3K tons)
- South Korea (0.2K tons)
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