Norway: Biological Product Market 2025

Biological Product Market Size in Norway

The Norwegian biological product market fell significantly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, enjoyed a perceptible increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Biological Product Production in Norway

In value terms, biological product production declined markedly to $X in 2022 estimated in export price. Overall, production saw a noticeable setback. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Biological Product Exports

Exports from Norway

In 2022, the amount of biological products exported from Norway shrank sharply to X tons, which is down by X% compared with the previous year's figure. Overall, exports recorded a slight decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, biological product exports contracted remarkably to $X in 2022. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

Austria (X tons), Sweden (X tons) and Switzerland (X tons) were the main destinations of biological product exports from Norway, together comprising X% of total exports. Denmark, Faroe Islands, Portugal, the UK and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Sweden ($X) and Switzerland ($X) constituted the largest markets for biological product exported from Norway worldwide, together accounting for X% of total exports. Portugal, Denmark, the UK, Faroe Islands and Greece lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Portugal, with a CAGR of X%, saw the highest growth rate of 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 biological product export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced mixed trend patterns.

Biological Product Imports

Imports into Norway

In 2022, supplies from abroad of biological products decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, biological product imports declined rapidly to $X in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

China (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of biological product imports to Norway, with a combined X% share of total imports. Denmark, the United States, Ireland, South Korea, Sweden, the UK, Switzerland, Poland, France and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of biological products to Norway, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and the United States (X% per year).

Import Prices by Country

The average biological product import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a mild curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X,247 per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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