Norway: Frozen Potato Market 2022

Frozen Potato Market Size in Norway

In 2021, after two years of growth, there was significant decline in the Norwegian frozen potato market, when its value decreased by -X% to $X. Over the period under review, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Frozen Potato Production in Norway

In value terms, frozen potato production declined slightly to $X in 2021 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Frozen Potato Exports

Exports from Norway

In 2021, overseas shipments of frozen potatoes were finally on the rise to reach X tons after two years of decline. Overall, exports, however, faced a dramatic setback. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen potato exports rose notably to $X in 2021. In general, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for frozen potato exports from Norway, accounting for a X% share of total exports. Moreover, frozen potato exports to Italy exceeded the volume sent to the second major destination, Denmark (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Italy was relatively modest.

In value terms, Italy ($X) emerged as the key foreign market for frozen potato exports from Norway, comprising X% of total exports. The second position in the ranking was held by Denmark ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%).

Frozen Potato Imports

Imports into Norway

In 2021, overseas purchases of frozen potatoes decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, frozen potato imports contracted notably to $X in 2021. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of frozen potato imports to Norway, together accounting for X% of total imports. These countries were followed by Austria, Poland, the UK and Italy, which together accounted for a further X 2012 to 2021, the biggest increases were in Italy (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), the Netherlands ($X) and Belgium ($X) constituted the largest frozen potato suppliers to Norway, with a combined X% share of total imports. Austria, the UK, Italy and Poland lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of 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 frozen potato import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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