
Norway - Chestnut - Market Analysis, Forecast, Size, Trends and Insights
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Norway: Chestnut Market Overview 2021
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Chestnut Market Size in Norway
The Norwegian chestnut market was finally on the rise to reach $X in 2019, after three years of decline. Overall, the total consumption indicated a notable increase from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Chestnut consumption peaked at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.
Chestnut Exports
Exports from Norway
In 2019, overseas shipments of chestnuts decreased by X% to X kg, falling for the second consecutive year after six years of growth. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports reached the peak of X kg. From 2018 to 2019, the growth exports failed to regain the momentum.
In value terms, chestnut exports amounted to $X in 2019. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2018 to 2019, the growth exports remained at a lower figure.
Exports by Country
The Netherlands (X kg) was the main destination for chestnut exports from Norway, accounting for a approx. X% share of total exports.
From 2012 to 2017, the average annual growth rate of volume to the Netherlands totaled +X%.
In value terms, the Netherlands ($X) also remains the key foreign market for chestnut exports from Norway.
From 2012 to 2017, the average annual growth rate of value to the Netherlands amounted to +X%.
Export Prices by Country
In 2017, the average chestnut export price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the export price faced a deep slump. Over the period under review, average export prices reached the maximum at $X per tonne in 2016, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2017, the rate of growth in terms of prices for the Netherlands amounted to -X% per year.
Chestnut Imports
Imports into Norway
In 2019, after three years of decline, there was significant growth in purchases abroad of chestnuts, when their volume increased by X% to X tonnes. Overall, total imports indicated a tangible increase from 2012 to 2019: its volume increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.
In value terms, chestnut imports rose notably to $X in 2019. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2015 to 2019, the growth imports remained at a somewhat lower figure.
Imports by Country
Turkey (X tonnes), the Netherlands (X tonnes) and Macedonia (X tonnes) were the main suppliers of chestnut imports to Norway.
From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Macedonia (+X% per year), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest chestnut suppliers to Norway were the Netherlands ($X), Turkey ($X) and Macedonia ($X), together comprising X% of total imports.
Macedonia (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average chestnut import price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, chestnut import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Macedonia ($X per tonne) was amongst the lowest.
From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for chestnuts in the world?+
China (3.7M tonnes) remains the largest chestnut consuming country worldwide, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total consumption. The third position in this ranking was occupied by Italy (63K tonnes), with a 1.5% share.
What are the largest producers of chestnuts in the world?+
China (3.7M tonnes) remains the largest chestnut producing country worldwide, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total production.
What are the leading suppliers of chestnuts to Norway?+
In value terms, the largest chestnut suppliers to Norway were the Netherlands ($40K), Turkey ($37K) and Macedonia ($14K), with a combined 100% share of total imports.
What are the leading importers of chestnuts from Norway?+
In value terms, the Netherlands ($7) remains the key foreign market for chestnut exports from Norway.
What is the average export price for chestnuts in Norway?+
The average chestnut export price stood at $1,750 per tonne in 2017, with a decrease of -12.5% against the previous year.
What is the average import price for chestnuts in Norway?+
In 2019, the average chestnut import price amounted to $3,128 per tonne, which is down by -14.2% against the previous year.
This report provides an in-depth analysis of the chestnut 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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