Norway - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Norway - 2023
Contents:
- Tea Price in Norway (CIF) - 2023
- Tea Price in Norway (FOB) - 2022
- Tea Imports in Norway
- Tea Exports in Norway
Tea Price in Norway (CIF) - 2023
The average tea import price stood at $20,379 per ton in September 2023, with a decrease of -2.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in May 2023 when the average import price increased by 39% m-o-m. Over the period under review, average import prices attained the peak figure at $22,414 per ton in January 2023; however, from February 2023 to September 2023, import prices stood 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 Poland ($26,996 per ton), while the price for Pakistan ($5,330 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Norway (FOB) - 2022
The average tea export price stood at $12,084 per ton in 2022, which is down by -18.1% against the previous year. Overall, the export price saw a mild shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 16%. Over the period under review, the average export prices reached the maximum at $16,576 per ton in 2016; however, from 2017 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 Finland ($40,934 per ton), while the average price for exports to Iceland ($500 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 Portugal (+273.5%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Imports in Norway
In 2022, purchases abroad of tea decreased by -11.6% to 914 tons, falling for the second year in a row after two years of growth. In general, imports showed a noticeable decline. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports attained the peak of 1.1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, tea imports rose rapidly to $17M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tea in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 9.0 | 8.4 | 8.8 | 10.0 | 3.6% |
| Sri Lanka | 1.0 | 1.9 | 1.7 | 1.5 | 14.5% |
| United Kingdom | 1.4 | 1.0 | 0.9 | 1.3 | -2.4% |
| China | 0.9 | 1.0 | 0.9 | 1.0 | 3.6% |
| India | 0.6 | 1.0 | 0.6 | 0.7 | 5.3% |
| Germany | 0.7 | 0.5 | 0.9 | 0.6 | -5.0% |
| Belgium | 0.7 | 0.5 | 0.3 | 0.3 | -24.6% |
| Taiwan (Chinese) | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Turkey | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| United Arab Emirates | 0.5 | 0.4 | 0.2 | N/A | -36.8% |
| Others | 1.2 | 1.5 | 1.6 | 1.6 | 10.1% |
| Total | 16.0 | 16.4 | 16.2 | 17.3 | 2.6% |
Top Suppliers of Tea to Norway in 2022:
- Poland (414.5 tons)
- Sri Lanka (130.7 tons)
- United Kingdom (121.0 tons)
- India (52.5 tons)
- China (39.9 tons)
- Germany (36.4 tons)
- Taiwan (Chinese) (17.5 tons)
- Belgium (16.7 tons)
- Turkey (14.1 tons)
- United Arab Emirates (0.1 tons)
Tea Exports in Norway
In 2022, overseas shipments of tea were finally on the rise to reach 14 tons after two years of decline. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, tea exports shrank to $174K in 2022. Over the period under review, exports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2020 when exports increased by 2.3%. As a result, the exports reached the peak of $196K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Tea in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 68.5 | 118 | 107 | 134 | 25.1% |
| Denmark | 20.1 | 22.5 | N/A | 11.5 | -17.0% |
| Netherlands | N/A | 0.5 | 10.6 | 10.2 | 351.7% |
| Finland | 3.1 | N/A | 1.7 | 9.3 | 44.2% |
| Hong Kong SAR | N/A | N/A | N/A | 6.8 | 0% |
| Czech Republic | N/A | 7.7 | N/A | 0.1 | -88.6% |
| Portugal | N/A | N/A | 49.5 | 0.1 | -99.8% |
| Iceland | 58.9 | 17.4 | 6.2 | N/A | -67.6% |
| Others | 41.2 | 29.9 | 2.4 | 2.9 | -58.7% |
| Total | 192 | 196 | 177 | 174 | -3.2% |
Top Export Markets for Tea from Norway in 2022:
- Czech Republic (undefined tons)
- Portugal (undefined tons)
- Iceland (undefined tons)
- Sweden (6.9 tons)
- Netherlands (3.6 tons)
- Hong Kong SAR (1.8 tons)
- Denmark (1.6 tons)
- Finland (0.2 tons)
This report provides an in-depth analysis of the tea market 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:
- FCL 667 - Tea
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.
-
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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 tea market in Norway.
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This report provides an in-depth analysis of the global tea market.
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This report provides an in-depth analysis of the tea market in Norway.
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This report provides an in-depth analysis of the global tea market.
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