Spices; Mixtures Price in Norway - 2023
Contents:
- Spices; Mixtures Price in Norway (CIF) - 2023
- Spices; Mixtures Price in Norway (FOB) - 2022
- Spices; Mixtures Imports in Norway
- Spices; Mixtures Exports in Norway
Spices; Mixtures Price in Norway (CIF) - 2023
In August 2023, the average spices; mixtures import price amounted to $14,047 per ton, rising by 24% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($49,596 per ton), while the price for the Netherlands ($6,567 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Norway (FOB) - 2022
The average spices; mixtures export price stood at $8,645 per ton in 2022, dropping by -49.6% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2017 an increase of 129%. Over the period under review, the average export prices hit record highs at $32,355 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($24,955 per ton), while the average price for exports to the UK ($5,478 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 Iceland (+21.3%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Mixtures Imports in Norway
In 2022, purchases abroad of spices; mixtureses decreased by -0.3% to 331 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports reached the peak of 347 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; mixtures imports amounted to $3.3M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 22%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Spices; Mixtures in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,450 | 1,775 | 1,926 | 1,897 | 9.4% |
| Switzerland | 213 | 232 | 286 | 338 | 16.6% |
| Sweden | 254 | 247 | 300 | 197 | -8.1% |
| India | 117 | 203 | 224 | 171 | 13.5% |
| Netherlands | 74.8 | 127 | 74.6 | 125 | 18.7% |
| Estonia | N/A | 40.7 | 10.9 | 103 | 59.1% |
| Thailand | 7.8 | 9.2 | 24.0 | 91.9 | 127.5% |
| Sri Lanka | 30.4 | 37.2 | 71.2 | 58.1 | 24.1% |
| United Kingdom | 37.2 | 45.7 | 42.2 | 52.4 | 12.1% |
| Austria | 149 | 85.3 | 29.6 | 9.0 | -60.8% |
| Others | 218 | 313 | 324 | 301 | 11.4% |
| Total | 2,551 | 3,115 | 3,312 | 3,343 | 9.4% |
Top Suppliers of Spices; Mixtures to Norway in 2022:
- Germany (185.0 tons)
- India (28.0 tons)
- Netherlands (24.6 tons)
- Sweden (16.5 tons)
- Thailand (11.9 tons)
- Switzerland (10.9 tons)
- Estonia (8.9 tons)
- Sri Lanka (8.9 tons)
- United Kingdom (5.6 tons)
- Austria (1.0 tons)
Spices; Mixtures Exports in Norway
Spices; mixtures exports from Norway skyrocketed to 4.7 tons in 2022, with an increase of 267% compared with the previous year's figure. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 289%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, spices; mixtures exports skyrocketed to $41K in 2022. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 313% against the previous year.
| Export of Spices; Mixtures in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.1 | N/A | N/A | 30.1 | 80.7% |
| Sweden | 24.7 | 3.0 | 6.5 | 5.6 | -39.0% |
| Denmark | 11.0 | 0.3 | 15.0 | 4.7 | -24.7% |
| United Kingdom | N/A | N/A | N/A | 0.5 | 0% |
| Spain | 6.7 | N/A | N/A | N/A | 0% |
| Others | 1.6 | 2.0 | 0.6 | N/A | -38.8% |
| Total | 49.0 | 5.3 | 22.1 | 40.8 | -5.9% |
Top Export Markets for Spices; Mixtures from Norway in 2022:
- Netherlands (3.8 tons)
- Sweden (0.6 tons)
- Denmark (0.2 tons)
- United Kingdom (0.1 tons)
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