Norway - Ghee - Market Analysis, Forecast, Size, Trends and Insights

Norway: Ghee Market Overview 2019

Ghee Market Size in Norway

The revenue of the ghee market in Norway amounted to $X in 2017, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, ghee consumption continues to indicate a skyrocketing growth. The most prominent rate of growth was recorded in 2017, when market value increased by X% against the previous year. In that year, the ghee market attained their peak level, and is likely to continue its growth in the immediate term.

Ghee Exports

Exports from Norway

In 2017, the amount of ghee exported from Norway stood at X kg, dropping by -X% against the previous year. In general, ghee exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. In that year, the ghee exports reached their peak volume of X kg. From 2009 to 2017, growth of the ghee exports failed to regain its momentum.

In value terms, ghee exports totaled $X in 2017. In general, ghee exports continue to indicate a relatively flat trend pattern. In that year, the ghee exports attained their peak level of $X. From 2009 to 2017, growth of the ghee exports stood at a somewhat lower level.

Exports by Country

Estonia (X kg) was the main destination of ghee exports from Norway, with a X% share of total exports. Moreover, ghee exports to Estonia exceeded the volume sent to the second major destination, Spain (X kg), tenfold.

From 2007 to 2017, the average annual rate of growth in terms of volume to Estonia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Sweden (+X% per year).

In value terms, Estonia ($X) remains the key foreign market for ghee exports from Norway, making up X% of total ghee exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports.

From 2007 to 2017, the average annual growth rate of value to Estonia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Sweden (+X% per year).

Export Prices by Country

The average ghee export price stood at $X per tonne in 2017, going up by X% against the previous year. In general, ghee export price continues to indicate a temperate decline. The most prominent rate of growth was recorded in 2017, when the average export price increased by X% y-o-y. The export price peaked of $X per tonne in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of origin; the country with the highest export price was Spain ($X per tonne), while average price for exports to Estonia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Spain (-X% per year), the export prices for other major destinations experienced a decline.

Ghee Imports

Imports into Norway

In 2017, the amount of ghee imported into Norway stood at X tonnes, increasing by X% against the previous year. Overall, ghee imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016, when imports increased by X% against the previous year. Over the period under review, the ghee imports attained its maximum volume in 2017, and are likely to see steady growth in the near future.

In value terms, ghee imports stood at $X in 2017. Overall, ghee imports continue to indicate a skyrocketing growth. In that year, the ghee imports attained their peak level, and are likely to continue its growth in the immediate term.

Imports by Country

In 2017, Ireland (X tonnes) constituted the largest ghee supplier to Norway, with a X% share of total imports. Moreover, ghee imports from Ireland exceeded the figures recorded by the second largest supplier, the UK (X tonnes), threefold. Belgium (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual growth rate of volume from Ireland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Belgium (+X% per year).

In value terms, Ireland ($X) constituted the largest supplier of ghee to Norway, making up X% of total ghee imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Ireland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Belgium (+X% per year).

Import Prices by Country

The average ghee import price stood at $X per tonne in 2017, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. In that year, the average import prices for ghee reached their peak level, and is likely to continue its growth in the immediate term.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the countries with the highest import prices were Ireland ($X per tonne) and Germany ($X per tonne), while price for Denmark ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Belgium (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.