Norway: Cereal Germ Market 2024

Cereal Germ Market Size in Norway

The Norwegian cereal germ market totaled $X in 2021, increasing by 1.5% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cereal germ consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cereal Germ Production in Norway

In value terms, cereal germ production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 32%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Cereal Germ Exports

Exports from Norway

Cereal germ exports from Norway surged to X tons in 2021, growing by 810% compared with 2020. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 1,718% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, cereal germ exports skyrocketed to $X in 2021. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 1,662%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Sweden (X kg) was the main destination for cereal germ exports from Norway, with a 27% share of total exports. Moreover, cereal germ exports to Sweden exceeded the volume sent to the second major destination, Finland (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Sweden was relatively modest.

In value terms, Sweden ($X) emerged as the key foreign market for cereal germ exports from Norway, comprising 39% of total exports. The second position in the ranking was held by Finland ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden was relatively modest.

Export Prices by Country

In 2021, the average cereal germ export price amounted to $X per ton, shrinking by -61.1% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a 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 Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+3.6%).

Cereal Germ Imports

Imports into Norway

In 2021, after three years of growth, there was decline in overseas purchases of cereal germ, when their volume decreased by -2.7% to X tons. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 1,009% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, cereal germ imports skyrocketed to $X in 2021. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,041%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Denmark (X tons), the Netherlands (X kg) and Sweden (X kg) were the main suppliers of cereal germ imports to Norway, with a combined 46% share of total imports. These countries were followed by Belgium, France, Turkey and the UK, which together accounted for a further 6.6%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +219.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of cereal germ to Norway, comprising 20% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 9.8% share of total imports. It was followed by Belgium, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled +74.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+26.9% per year) and Belgium (+213.2% per year).

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2021, with an increase of 30% against the previous year. In general, import price indicated measured growth 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :