Swine; Live Price in Norway - 2023

Swine; Live Price in Norway (FOB) - 2023

The average swine; live export price stood at $1,911 per unit in September 2023, growing by 69% against the previous month. Overall, export price indicated a buoyant expansion from September 2022 to September 2023: its price increased at an average monthly rate of +8.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, swine; live export price increased by +68.9% against August 2023 indices. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 193% m-o-m. The export price peaked at $2,241 per unit in February 2023; afterwards, it flattened through to September 2023.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Estonia ($3,989 per unit), while the average price for exports to the Netherlands ($1,671 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Swine; Live Price in Norway (CIF) - 2022

In 2022, the average swine; live import price amounted to $943 per unit, surging by 59% against the previous year. In general, the import price, however, saw a deep slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 106% against the previous year. Over the period under review, average import prices hit record highs at $6,499 per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 ($1,129 per unit), while the price for Sweden ($403 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.2%), while the prices for the other major suppliers experienced a decline.

Swine; Live Exports in Norway

In 2022, after three years of growth, there was significant decline in shipments abroad of swine; live, when their volume decreased by -10.4% to 1.2K units. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 52%. Over the period under review, the exports reached the maximum at 1.4K units in 2021, and then dropped in the following year.

In value terms, swine; live exports fell significantly to $1.7M in 2022. In general, total exports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year. As a result, the exports attained the peak of $2.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Swine; Live in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	500	631	692	1,131	31.3%
Sweden	74.5	58.8	91.9	162	29.6%
United Kingdom	N/A	N/A	N/A	92.2	0%
Finland	54.4	60.7	46.9	71.8	9.7%
Russia	155	548	183	43.1	-34.7%
Cyprus	N/A	N/A	N/A	42.5	0%
Brazil	N/A	N/A	115	N/A	0%
Others	719	948	1,105	137	-42.5%
Total	1,503	2,247	2,233	1,680	3.8%

Top Export Markets for Swine; Live from Norway in 2022:

Netherlands (854.0 units)
Sweden (174.0 units)
Finland (62.0 units)
United Kingdom (35.0 units)
Cyprus (27.0 units)
Russia (12.0 units)

Swine; Live Imports in Norway

In 2022, approx. 5 units of swine; live were imported into Norway; approximately mirroring the previous year. Overall, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports hit record highs at 10 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, swine; live imports skyrocketed to $4.7K in 2022. Over the period under review, imports showed a sharp descent. Over the period under review, imports hit record highs at $9.5K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Swine; Live in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	6.9	2.3	0.3	2.0	-33.8%
Denmark	0.7	1.6	0.1	1.1	16.3%
Sweden	1.9	2.6	0.1	0.4	-40.5%
Netherlands	N/A	N/A	1.3	N/A	0%
Others	N/A	N/A	1.3	1.1	-15.4%
Total	9.5	6.5	3.0	4.7	-20.9%