Report Update: May 1, 2024

Norway - Wheat Starch - Market Analysis, Forecast, Size, Trends And Insights

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Wheat Starch Price in Norway - 2023

Wheat Starch Price in Norway (CIF) - 2023

The average wheat starch import price stood at $1,265 per ton in August 2023, growing by 2.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.4%. The pace of growth appeared the most rapid in June 2023 an increase of 21% m-o-m. Over the period under review, average import prices hit record highs at $1,402 per ton in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($1,490 per ton), while the price for Lithuania ($879 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 France (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Wheat Starch Price in Norway (FOB) - 2022

In 2022, the average wheat starch export price amounted to $423 per ton, increasing by 2% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 an increase of 26%. As a result, the export price reached the peak level of $812 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($432 per ton), while the average price for exports to Sweden amounted to $420 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.0%), while the prices for the other major destinations experienced a decline.

Wheat Starch Imports in Norway

For the third year in a row, Norway recorded decline in purchases abroad of wheat starch, which decreased by -7.1% to 1.3K tons in 2022. Overall, imports showed a abrupt decrease. The smallest decline of -2.6% was in 2020.

In value terms, wheat starch imports skyrocketed to $1.2M in 2022. Over the period under review, imports saw a perceptible setback.

Import of Wheat Starch in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	685	554	196	717	1.5%
France	409	474	152	275	-12.4%
Germany	9.2	78.1	27.1	80.5	106.1%
Denmark	46.9	55.9	36.0	51.7	3.3%
Belgium	33.2	30.6	9.7	31.2	-2.0%
Netherlands	79.6	70.4	62.7	27.8	-29.6%
Canada	39.0	35.3	18.1	N/A	-31.9%
Others	49.3	21.6	416	25.8	-19.4%
Total	1,351	1,321	919	1,209	-3.6%

Top Suppliers of Wheat Starch to Norway in 2022:

Lithuania (748.4 tons)
France (335.7 tons)
Germany (96.8 tons)
Denmark (54.8 tons)
Belgium (41.6 tons)
Netherlands (29.7 tons)

Wheat Starch Exports in Norway

After two years of decline, overseas shipments of wheat starch increased by 13% to 55 tons in 2022. Over the period under review, exports, however, saw a deep downturn.

In value terms, wheat starch exports surged to $23K in 2022. Overall, exports, however, faced a abrupt curtailment.

Export of Wheat Starch in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	27.0	20.1	13.6	16.9	-14.5%
United Kingdom	7.7	6.3	4.7	6.5	-5.5%
Others	N/A	0.1	1.9	N/A	1800.0%
Total	34.8	26.5	20.2	23.4	-12.4%

Top Export Markets for Wheat Starch from Norway in 2022:

Sweden (40.2 tons)
United Kingdom (15.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wheat starch 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:

Prodcom 10621111 - Wheat starch

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023