Norway: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Norway

In 2021, the Norwegian non-wheat cereal pellets market increased by 6.2% to $X, rising for the fourth year in a row after two years of decline. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.2% against 2017 indices. Non-wheat cereal pellets consumption peaked in 2021 and is expected to retain growth in the immediate term.

Non-Wheat Cereal Pellets Production in Norway

In value terms, non-wheat cereal pellets production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Non-Wheat Cereal Pellets Exports

Exports from Norway

In 2021, non-wheat cereal pellets exports from Norway surged to X tons, with an increase of 42% compared with the year before. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 203% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, non-wheat cereal pellets exports shrank sharply to $X in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 188% against the previous year. The exports peaked at $X in 2020, and then contracted notably in the following year.

Exports by Country

Sweden (X tons) was the main destination for non-wheat cereal pellets exports from Norway, with a 49% share of total exports. Moreover, non-wheat cereal pellets exports to Sweden exceeded the volume sent to the second major destination, Denmark (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +51.4%.

In value terms, the largest markets for non-wheat cereal pellets exported from Norway were Sweden ($X) and Denmark ($X).

Among the main countries of destination, Sweden, with a CAGR of +37.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average non-wheat cereal pellets export price amounted to $X per ton, reducing by -46.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 85%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($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 Sweden (-9.0%).

Non-Wheat Cereal Pellets Imports

Imports into Norway

In 2021, overseas purchases of cereal pellets (excluding wheat) increased by 230% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 2,379% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, non-wheat cereal pellets imports soared to $X in 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2019 when imports increased by 3,346% against the previous year. Imports peaked 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 non-wheat cereal pellets to Norway, accounting for a 45% share of total imports. Moreover, non-wheat cereal pellets imports from Spain exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +414.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+25.2% per year) and the UK (+2.9% per year).

In value terms, Spain ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Norway, comprising 42% of total imports. The second position in the ranking was taken by Denmark ($X), with a 6.5% share of total imports. It was followed by Sweden, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +406.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+7.3% per year) and Sweden (+49.2% per year).

Import Prices by Country

In 2021, the average non-wheat cereal pellets import price amounted to $X per ton, waning by -28.9% against the previous year. Over the period under review, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2019 an increase of 39%. The import price peaked at $X per ton in 2020, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :