Report Update: May 1, 2024

Norway - Flours, Meals And Pellets Of Meat Or Meat Offal - Market Analysis, Forecast, Size, Trends And Insights

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Price for Meat Meals and Pellets in Norway - 2023

Price for Meat Meals and Pellets in Norway (FOB) - 2023

The average meat meals and pellets export price stood at $327 per ton in August 2023, waning by -11.9% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 13% m-o-m. As a result, the export price attained the peak level of $414 per ton. From February 2023 to August 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In August 2023, the highest price was recorded for prices to Poland ($348 per ton) and the Netherlands ($347 per ton), while the average price for exports to Singapore ($287 per ton) and Finland ($308 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Meat Meals and Pellets in Norway (CIF) - 2022

The average meat meals and pellets import price stood at $987 per ton in 2022, surging by 4.7% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2013 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $1,736 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($1,062 per ton), while the price for Ireland stood at $597 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-7.3%).

Exports of Meat Meals and Pellets in Norway

In 2022, after three years of growth, there was decline in shipments abroad of flours, meals and pellets of meat or meat offal, when their volume decreased by -4.4% to 37K tons. The total export volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of 38K tons, and then declined in the following year.

In value terms, meat meals and pellets exports stood at $13M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 31%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Meat Meals and Pellets in Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	3.9	2.6	3.6	3.6	-2.6%
Sweden	1.4	1.4	1.7	1.8	8.7%
Singapore	0.5	0.7	0.9	1.7	50.4%
Poland	0.2	0.4	0.7	1.3	86.6%
Netherlands	0.8	1.3	1.6	1.0	7.7%
Lithuania	0.1	0.1	0.4	1.0	115.4%
Italy	0.8	1.2	0.9	0.7	-4.4%
Finland	0.1	0.4	0.6	0.6	81.7%
Others	0.4	0.6	1.1	0.8	26.0%
Total	8.2	8.8	11.5	12.6	15.4%

Top Export Markets for Meat Meals and Pellets from Norway in 2022:

Denmark (9.5K tons)
Sweden (6.5K tons)
Singapore (5.2K tons)
Poland (3.5K tons)
Lithuania (3.3K tons)
Netherlands (2.8K tons)
Finland (2.3K tons)
Italy (1.2K tons)

Imports of Meat Meals and Pellets in Norway

After two years of decline, supplies from abroad of flours, meals and pellets of meat or meat offal increased by 21% to 150 tons in 2022. Overall, imports, however, saw a significant decrease.

In value terms, meat meals and pellets imports surged to $148K in 2022. Over the period under review, imports, however, saw a dramatic decrease.

Import of Meat Meals and Pellets in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	147	152	113	131	-3.8%
Ireland	N/A	N/A	N/A	15.0	0%
Germany	329	0.5	N/A	N/A	-99.8%
Others	1.1	1.8	4.0	2.3	27.9%
Total	477	155	117	148	-32.3%

Top Suppliers of Meat Meals and Pellets to Norway in 2022:

Denmark (123.2 tons)
Ireland (25.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for meat meals and pellets 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 10131600 - Flours, meals and pellets of meat or meat offal unfit for human consumption, greaves

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023