Norway: Apricot Market Overview 2021

Apricot Market Size in Norway

In 2020, the Norwegian apricot market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Apricot consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Apricot Exports

Exports from Norway

In 2020, shipments abroad of apricots increased by X% to X tonnes, rising for the third consecutive year after five years of decline. Overall, total exports indicated a mild increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2012 indices. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, apricot exports totaled $X in 2020. In general, total exports indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2013 to 2020, the growth exports failed to regain the momentum.

Exports by Country

The Netherlands (X tonnes) was the main destination for apricot exports from Norway, with a X% share of total exports. Moreover, apricot exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X tonnes), threefold.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands totaled +X%.

In value terms, the Netherlands ($X) remains the key foreign market for apricot exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to the Netherlands totaled +X%.

Export Prices by Country

The average apricot export price stood at $X per tonne in 2020, remaining stable against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major foreign markets. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Sweden amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands.

Apricot Imports

Imports into Norway

In 2020, supplies from abroad of apricots decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Over the period under review, imports, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, apricot imports fell modestly to $X in 2020. In general, total imports indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest supplier of apricot to Norway, with a X% share of total imports. Moreover, apricot imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), tenfold. Turkey (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Turkey (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of apricot to Norway, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Turkey (-X% per year).

Import Prices by Country

The average apricot import price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Spain ($X per tonne) and Turkey ($X per tonne), while the price for North Macedonia ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform