Starches; Inulin Price in Norway - 2023
Contents:
- Starches; Inulin Price in Norway (FOB) - 2022
- Starches; Inulin Price in Norway (CIF) - 2022
- Starches; Inulin Exports in Norway
- Starches; Inulin Imports in Norway
Starches; Inulin Price in Norway (FOB) - 2022
The average starches; inulin export price stood at $436 per ton in 2022, rising by 36% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The export price peaked at $783 per ton in 2012; however, from 2013 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 Australia ($791 per ton), while the average price for exports to the Netherlands ($242 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 Australia (+17.5%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Price in Norway (CIF) - 2022
The average starches; inulin import price stood at $1,062 per ton in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,288 per ton), while the price for Turkey ($840 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Norway
In 2022, overseas shipments of starches; inulins decreased by -95.1% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by 2.7% against the previous year.
In value terms, starches; inulin exports shrank sharply to $582K in 2022. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 6.6% against the previous year.
| Export of Starches; Inulin in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.4 | 71.1 | 579 | 191 | 228.3% |
| Italy | 1,525 | 1,829 | 1,679 | 137 | -55.2% |
| Netherlands | 702 | 285 | 1,669 | 81.7 | -51.2% |
| Sweden | 80.2 | 102 | 200 | 74.4 | -2.5% |
| Germany | 1,790 | 1,072 | 938 | 47.7 | -70.1% |
| United Kingdom | 361 | 541 | 357 | 31.2 | -55.8% |
| Denmark | 2,259 | 2,274 | 1,695 | 18.9 | -79.7% |
| Serbia | 814 | 960 | 1,138 | N/A | 18.2% |
| Czech Republic | 1,111 | 843 | 190 | N/A | -58.6% |
| Others | 418 | 118 | 182 | N/A | -34.0% |
| Total | 9,064 | 8,094 | 8,628 | 582 | -60.0% |
Top Export Markets for Starches; Inulin from Norway in 2022:
- Italy (372.0 tons)
- Netherlands (338.0 tons)
- Australia (242.0 tons)
- Sweden (168.0 tons)
- Germany (115.5 tons)
- United Kingdom (49.7 tons)
- Denmark (48.0 tons)
Starches; Inulin Imports in Norway
In 2022, overseas purchases of starches; inulins decreased by -2.5% to 5.8K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible setback. The growth pace was the most rapid in 2020 when imports increased by 3.6% against the previous year. As a result, imports reached the peak of 6.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, starches; inulin imports expanded sharply to $6.2M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,226 | 1,056 | 1,323 | 1,816 | 14.0% |
| France | 1,469 | 1,586 | 1,706 | 1,658 | 4.1% |
| Lithuania | 688 | 571 | 365 | 717 | 1.4% |
| Netherlands | 394 | 508 | 521 | 478 | 6.7% |
| Belgium | 494 | 510 | 739 | 412 | -5.9% |
| Germany | 313 | 324 | 375 | 316 | 0.3% |
| Spain | 121 | 99.0 | 157 | 181 | 14.4% |
| Turkey | 3.8 | 46.4 | 16.9 | 143 | 235.1% |
| Austria | 82.5 | 133 | 64.9 | 83.2 | 0.3% |
| Others | 324 | 394 | 345 | 394 | 6.7% |
| Total | 5,117 | 5,226 | 5,612 | 6,196 | 6.6% |
Top Suppliers of Starches; Inulin to Norway in 2022:
- France (1903.8 tons)
- Thailand (1823.6 tons)
- Lithuania (748.4 tons)
- Netherlands (306.7 tons)
- Germany (198.4 tons)
- Belgium (179.9 tons)
- Turkey (170.0 tons)
- Spain (162.5 tons)
- Austria (82.4 tons)
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