Price for Protein; Concentrates and Textured Protein Substances in Norway - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Norway (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Norway (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in Norway
- Exports of Protein; Concentrates and Textured Protein Substances in Norway
Price for Protein; Concentrates and Textured Protein Substances in Norway (CIF) - 2024
The average import price for protein; concentrates and textured protein substanceses stood at $16,030 per ton in September 2023, picking up by 3.9% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 29% against the previous month. As a result, import price attained the peak level of $16,617 per ton. From August 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($24,540 per ton), while the price for Serbia ($3,311 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Serbia (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Protein; Concentrates and Textured Protein Substances in Norway (FOB) - 2024
The average export price for protein; concentrates and textured protein substanceses stood at $2,571 per ton in September 2023, which is down by -3.1% against the previous month. Over the period under review, the export price recorded a abrupt slump. The growth pace was the most rapid in April 2023 an increase of 59% m-o-m. The export price peaked at $5,181 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Germany ($4,539 per ton), while the average price for exports to the Netherlands ($1,830 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Protein; Concentrates and Textured Protein Substances in Norway
In 2022, approx. 940 tons of protein; concentrates and textured protein substanceses were imported into Norway; increasing by 6.2% against the previous year. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 20%.
In value terms, imports of protein; concentrates and textured protein substanceses surged to $9.7M in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1,455 | 1,076 | 1,577 | 2,900 | 25.8% |
| Sweden | 216 | 724 | 1,162 | 2,202 | 116.8% |
| United Kingdom | 548 | 565 | 901 | 928 | 19.2% |
| Poland | 112 | 59.1 | 934 | 722 | 86.1% |
| Hungary | 110 | 186 | 324 | 670 | 82.6% |
| Serbia | 651 | 463 | 469 | 515 | -7.5% |
| United States | 384 | 456 | 434 | 400 | 1.4% |
| Germany | 201 | 429 | 346 | 191 | -1.7% |
| Others | 276 | 842 | 1,208 | 1,156 | 61.2% |
| Total | 3,952 | 4,798 | 7,354 | 9,684 | 34.8% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Norway in 2022:
- Denmark (268.7 tons)
- Serbia (208.1 tons)
- Sweden (129.7 tons)
- United States (78.4 tons)
- Poland (56.1 tons)
- United Kingdom (51.7 tons)
- Hungary (34.0 tons)
- Germany (12.6 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Norway
For the fourth consecutive year, Norway recorded growth in overseas shipments of protein; concentrates and textured protein substanceses, which increased by 29% to 1.7K tons in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,577%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses surged to $4.7M in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 273%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 6.9 | 881 | 2,206 | 3,994 | 733.4% |
| Sweden | 17.0 | 59.0 | 414 | 279 | 154.1% |
| Romania | N/A | N/A | 52.7 | 42.6 | -19.2% |
| Belgium | N/A | 56.7 | N/A | N/A | 0% |
| Others | 441 | 735 | 845 | 349 | -7.5% |
| Total | 465 | 1,732 | 3,518 | 4,664 | 115.7% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Norway in 2022:
- Denmark (1537.0 tons)
- Sweden (51.3 tons)
- Romania (11.9 tons)
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