Norway: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Norway

The Norwegian meat meals and pellets market reduced to $X in 2021, with a decrease of -2.5% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 decreased by -17.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Norway

In value terms, meat meals and pellets production expanded slightly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 89% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Norway

For the fourth year in a row, Norway recorded growth in overseas shipments of flours, meals and pellets of meat or meat offal, which increased by 11% to X tons in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.3% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 35%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, meat meals and pellets exports soared to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.7% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 110% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Denmark (X tons), Sweden (X tons) and the Netherlands (X tons) were the main destinations of meat meals and pellets exports from Norway, together accounting for 62% of total exports. Singapore, Finland, Poland, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +62.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for flours, meals and pellets of meat or meat offal exports from Norway, comprising 31% of total exports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+13.7% per year) and the Netherlands (+39.4% per year).

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 56%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat 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 Italy ($X per ton), while the average price for exports to Finland ($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 Sweden (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Norway

In 2021, the amount of flours, meals and pellets of meat or meat offal imported into Norway dropped dramatically to X tons, falling by -31.2% compared with the year before. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 45% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, meat meals and pellets imports shrank significantly to $X in 2021. Overall, imports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2014 with an increase of 56% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) was the main meat meals and pellets supplier to Norway, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled +33.8%.

In value terms, Denmark ($X) constituted the largest supplier of flours, meals and pellets of meat or meat offal to Norway.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at +20.0%.

Import Prices by Country

The average meat meals and pellets import price stood at $X per ton in 2021, increasing by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2013 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Denmark.

From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to -1.2% per year.

Source: IndexBox Platform

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