Norway - Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Seafood Meals and Pellets in Norway - 2023
Contents:
- Price for Seafood Meals and Pellets in Norway (CIF) - 2023
- Price for Seafood Meals and Pellets in Norway (FOB) - 2023
- Imports of Seafood Meals and Pellets in Norway
- Exports of Seafood Meals and Pellets in Norway
Price for Seafood Meals and Pellets in Norway (CIF) - 2023
The average seafood meals and pellets import price stood at $2,116 per ton in August 2023, shrinking by -1.8% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 6.9% against the previous month. The import price peaked at $2,209 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Uruguay ($2,219 per ton) and Faroe Islands ($2,145 per ton), while the price for Peru ($1,981 per ton) and Chile ($2,044 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ireland (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Seafood Meals and Pellets in Norway (FOB) - 2023
In August 2023, the average seafood meals and pellets export price amounted to $2,023 per ton, dropping by -8% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 22% month-to-month. The export price peaked at $2,197 per ton in July 2023, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,801 per ton), while the average price for exports to Faroe Islands ($879 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Seafood Meals and Pellets in Norway
In 2022, approx. 220K tons of flours, meals and pellets of fish or of crustaceans and molluscs were imported into Norway; with an increase of 27% compared with the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, seafood meals and pellets imports surged to $430M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 40%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Seafood Meals and Pellets in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 94.0 | 93.0 | 132 | 179 | 23.9% |
| Iceland | 86.3 | 87.2 | 72.7 | 109 | 8.1% |
| Peru | 16.5 | 19.5 | 55.9 | 75.6 | 66.1% |
| Uruguay | 31.8 | 22.1 | 22.1 | 33.8 | 2.1% |
| Faroe Islands | 20.8 | 6.1 | 6.0 | 14.6 | -11.1% |
| Chile | 7.4 | N/A | 20.9 | N/A | 68.1% |
| Others | 9.5 | 7.3 | 19.1 | 17.7 | 23.1% |
| Total | 266 | 235 | 329 | 430 | 17.4% |
Top Suppliers of Seafood Meals and Pellets to Norway in 2022:
- Denmark (89.1K tons)
- Iceland (58.8K tons)
- Peru (40.4K tons)
- Uruguay (14.0K tons)
- Faroe Islands (8.0K tons)
Exports of Seafood Meals and Pellets in Norway
In 2022, shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -25.1% to 74K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% 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 +23.1% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 37%. As a result, the exports reached the peak of 99K tons, and then dropped markedly in the following year.
In value terms, seafood meals and pellets exports fell sharply to $144M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +30.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, the exports attained the peak of $182M, and then declined sharply in the following year.
| Export of Seafood Meals and Pellets in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 49.5 | 45.9 | 68.3 | 54.7 | 3.4% |
| Denmark | 18.3 | 17.5 | 23.8 | 19.0 | 1.3% |
| United States | 6.8 | 13.0 | 17.8 | 14.3 | 28.1% |
| Faroe Islands | 0.3 | 7.0 | 14.3 | 11.5 | 237.2% |
| Germany | 6.8 | 3.4 | 10.7 | 8.5 | 7.7% |
| Italy | 5.7 | 6.3 | 9.8 | 7.8 | 11.0% |
| Canada | 6.7 | 9.7 | 8.7 | 6.9 | 1.0% |
| Netherlands | 3.0 | 2.4 | 4.2 | 3.3 | 3.2% |
| Greece | 0.8 | 2.5 | 4.1 | 3.3 | 60.4% |
| Spain | 0.2 | 0.2 | 4.1 | 3.3 | 154.6% |
| Turkey | 0.2 | 0.2 | 3.7 | 2.9 | 143.8% |
| Others | 12.0 | 8.9 | 12.3 | 8.4 | -11.2% |
| Total | 110 | 117 | 182 | 144 | 9.4% |
Top Export Markets for Seafood Meals and Pellets from Norway in 2022:
- United Kingdom (26.1K tons)
- Denmark (10.3K tons)
- Faroe Islands (10.2K tons)
- United States (6.2K tons)
- Germany (4.3K tons)
- Canada (3.3K tons)
- Italy (3.0K tons)
- Spain (2.1K tons)
- Greece (1.9K tons)
- Turkey (1.6K tons)
- Netherlands (1.4K tons)
This report provides an in-depth analysis of the market for seafood 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 10204100 - Flours, meals and pellets of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for seafood meals and pellets in Norway.
427
This report provides an in-depth analysis of the market for meat meals and pellets in Norway.
698
This report provides an in-depth analysis of the global market for seafood meals and pellets.
1057
This report provides an in-depth analysis of the global market for meat meals and pellets.
401
This report provides an in-depth analysis of the market for seafood meals and pellets in Norway.
427
This report provides an in-depth analysis of the market for meat meals and pellets in Norway.
698
This report provides an in-depth analysis of the global market for seafood meals and pellets.
1057
This report provides an in-depth analysis of the global market for meat meals and pellets.
249
Explore the top import markets for seafood meals and pellets, including China, Norway, Turkey, and more. Get key statistics and insights from the IndexBox market intelligence platform.
714
The intense trade growth seen in recent years is threatened by problems in China, due to the coronavirus epidemic and fears of economic growth.
972
In value terms, meat flours, meal and pellets imports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value increased at an average annual rate of...
1122
In value terms, meat flours, meal and pellets exports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total exports value increased at an average annual rate ...
249
Explore the top import markets for seafood meals and pellets, including China, Norway, Turkey, and more. Get key statistics and insights from the IndexBox market intelligence platform.
714
The intense trade growth seen in recent years is threatened by problems in China, due to the coronavirus epidemic and fears of economic growth.
972
In value terms, meat flours, meal and pellets imports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value increased at an average annual rate of...
1122
In value terms, meat flours, meal and pellets exports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total exports value increased at an average annual rate ...
