Norway: Vinegar-Preserved Vegetable Market 2023

Vinegar-Preserved Vegetable Market Size in Norway

In 2021, the Norwegian vinegar-preserved vegetable market decreased by -11.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Vinegar-Preserved Vegetable Production in Norway

In value terms, vinegar-preserved vegetable production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 182%. Vinegar-preserved vegetable production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Vinegar-Preserved Vegetable Exports

Exports from Norway

In 2021, the amount of vegetables in vinegar other than potatoes exported from Norway soared to X tons, growing by 38% compared with 2020. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 289% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, vinegar-preserved vegetable exports surged to $X in 2021. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 125% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Sweden (X tons) and Spain (X tons) were the main destinations of vinegar-preserved vegetable exports from Norway, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +62.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vinegar-preserved vegetable exported from Norway were Spain ($X), Denmark ($X) and Sweden ($X), together accounting for 77% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +66.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vinegar-preserved vegetable export price stood at $X per ton in 2021, falling by -11.2% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2016 an increase of 19%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Vinegar-Preserved Vegetable Imports

Imports into Norway

In 2021, overseas purchases of vegetables in vinegar other than potatoes increased by 16% to X tons, rising for the fifth consecutive year after two years of decline. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.6% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 30%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, vinegar-preserved vegetable imports soared to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest vinegar-preserved vegetable supplier to Norway, accounting for a 26% share of total imports. Moreover, vinegar-preserved vegetable imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.9% per year) and Poland (+39.5% per year).

In value terms, the largest vinegar-preserved vegetable suppliers to Norway were Turkey ($X), Greece ($X) and the United States ($X), together comprising 34% of total imports. China, Mexico, Poland, Spain, Germany, Peru, Japan, North Macedonia, Sweden and the Netherlands lagged somewhat behind, together accounting for a further 47%.

In terms of the main suppliers, North Macedonia, with a CAGR of +62.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vinegar-preserved vegetable import price stood at $X per ton in 2021, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by North Macedonia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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