Norway: Market for Peel Of Citrus Fruit Or Melons 2022

Market Size for Peel Of Citrus Fruit Or Melons in Norway

After three years of growth, the Norwegian market for peel of citrus fruit or melons decreased by -8.2% to $X in 2021. Overall, consumption posted a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Peel Of Citrus Fruit Or Melons in Norway

In value terms, citrus fruit or melons peel production fell to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 93% against the previous year. Citrus fruit or melons peel production peaked at $X in 2020, and then declined in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Norway

In 2021, approx. X kg of peel of citrus fruit or melons were exported from Norway; jumping by 66% compared with 2020. In general, exports, however, faced a sharp contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a precipitous decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X kg) was the main destination for citrus fruit or melons peel 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 totaled +66.1%.

In value terms, Sweden ($X) also remains the key foreign market for citrus fruit or melons peel exports from Norway.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +40.7%.

Export Prices by Country

The average export price for peel of citrus fruit or melons stood at $X per ton in 2021, dropping by -15.3% against the previous year. Overall, the export price, however, saw a buoyant increase. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank significantly in the following year.

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 -15.3% per year.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Norway

In 2021, approx. X tons of peel of citrus fruit or melons were imported into Norway; increasing by 29% on the previous year. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 68%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, citrus fruit or melons peel imports soared to $X in 2021. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 131%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of citrus fruit or melons peel to Norway, accounting for a 66% share of total imports. Moreover, citrus fruit or melons peel imports from Spain exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+4.2% per year) and the Netherlands (+22.4% per year).

In value terms, Spain ($X) constituted the largest supplier of citrus fruit or melons peel to Norway, comprising 62% of total imports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+6.5% per year) and the Netherlands (+36.0% per year).

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, picking up by 15% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel import price increased by +2.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 38%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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