Norway: Cereal Flour Market 2024

Cereal Flour Market Size in Norway

The Norwegian cereal flour market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption, however, showed a perceptible descent. Cereal flour consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cereal Flour Production in Norway

In value terms, cereal flour production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cereal Flour Exports

Exports from Norway

After two years of growth, shipments abroad of cereal flours decreased by X% to X tons in 2022. In general, exports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereal flour exports dropped rapidly to $X in 2022. Overall, exports showed a mild decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for cereal flour exports from Norway, accounting for a X% share of total exports. Moreover, cereal flour exports to Sweden exceeded the volume sent to the second major destination, Finland (X tons), sixfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Spain (X% per year).

In value terms, Sweden ($X) remains the key foreign market for cereal flours exports from Norway, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average cereal flour export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 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 Finland ($X per ton), while the average price for exports to Austria ($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 Denmark (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cereal Flour Imports

Imports into Norway

In 2022, after ten years of growth, there was decline in purchases abroad of cereal flours, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, cereal flour imports rose to $X in 2022. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of cereal flour to Norway, with a X% share of total imports. Moreover, cereal flour imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Italy ($X) constituted the largest supplier of cereal flours to Norway, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

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

Import Prices by Country

The average cereal flour import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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