Norway: Beet-Pulp And Bagasse Market 2023

Beet-Pulp And Bagasse Market Size in Norway

In 2021, the Norwegian beet-pulp and bagasse market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Beet-Pulp And Bagasse Production in Norway

In value terms, beet-pulp and bagasse production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 98%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports from Norway

In 2021, overseas shipments of beet-pulp and bagasse decreased by -8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 1,018%. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, beet-pulp and bagasse exports expanded significantly to $X in 2021. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 953% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for beet-pulp and bagasse exports from Norway, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +5.2%.

In value terms, Sweden ($X) also remains the key foreign market for beet-pulp and bagasse exports from Norway.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled +5.8%.

Export Prices by Country

In 2021, the average beet-pulp and bagasse export price amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to +0.6% per year.

Beet-Pulp And Bagasse Imports

Imports into Norway

In 2021, purchases abroad of beet-pulp and bagasse decreased by -4.1% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 84% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports skyrocketed to $X in 2021. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 108%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest beet-pulp and bagasse supplier to Norway, with a 71% share of total imports. Moreover, beet-pulp and bagasse imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold. Denmark (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+17.3% per year) and Denmark (-4.1% per year).

In value terms, Russia ($X) constituted the largest supplier of beet-pulp and bagasse to Norway, comprising 68% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 19% share of total imports. It was followed by Denmark, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+17.6% per year) and Denmark (-4.0% per year).

Import Prices by Country

The average beet-pulp and bagasse import price stood at $X per ton in 2021, increasing by 30% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Ukraine ($X per ton) and Belarus ($X per ton), while the price for Lithuania ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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