Price for Homogenised Composite Food Preparations in Norway - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Norway (CIF) - 2023
2. Price for Homogenised Composite Food Preparations in Norway (FOB) - 2022
3. Imports of Homogenised Composite Food Preparations in Norway
4. Exports of Homogenised Composite Food Preparations in Norway

Price for Homogenised Composite Food Preparations in Norway (CIF) - 2023

In June 2023, the average homogenised composite food preparations import price amounted to $5,406 per ton, reducing by -4.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 10% m-o-m. As a result, import price reached the peak level of $5,753 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($11,107 per ton), while the price for Germany ($4,420 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Finland (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Norway (FOB) - 2022

In 2022, the average homogenised composite food preparations export price amounted to $13,520 per ton, jumping by 120% against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The growth pace was the most rapid in 2014 when the average export price increased by 138% against the previous year. Over the period under review, the average export prices hit record highs at $22,425 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($51,759 per ton), while the average price for exports to Sweden ($7,578 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 Hong Kong SAR (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Homogenised Composite Food Preparations in Norway

In 2022, after three years of growth, there was significant decline in overseas purchases of homogenised composite food preparationses, when their volume decreased by -7% to 1.3K tons. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 3.2%.

In value terms, homogenised composite food preparations imports shrank to $5.9M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, imports reached the peak of $6.7M, and then shrank in the following year.

Top Suppliers of Homogenised Composite Food Preparations to Norway in 2022:

1. Spain (861.8 tons)
2. Finland (209.3 tons)
3. Belgium (69.7 tons)
4. Germany (51.9 tons)
5. Sweden (39.4 tons)
6. Netherlands (33.7 tons)
7. France (26.7 tons)
8. United Kingdom (0.1 tons)

Exports of Homogenised Composite Food Preparations in Norway

In 2022, shipments abroad of homogenised composite food preparationses decreased by -45.3% to 2.8 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,598% against the previous year.

In value terms, homogenised composite food preparations exports skyrocketed to $38K in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,668%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Homogenised Composite Food Preparations from Norway in 2022:

1. Sweden (2133.0 kg)
2. Greenland (219.0 kg)
3. Spain (163.0 kg)
4. Falkland Islands (Malvinas) (157.0 kg)
5. United Kingdom (140.0 kg)