Norway: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Norway

The Norwegian market for frozen pig meat other than cuts or carcases skyrocketed to $X in 2022, with an increase of 114% against the previous year. Overall, consumption showed a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Norway

In value terms, production of frozen pig meat other than cuts or carcases soared to $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +85.2% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Norway

In 2022, overseas shipments of frozen pig meat other than cuts or carcases decreased by -3.7% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 215% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of frozen pig meat other than cuts or carcases reduced to $X in 2022. Overall, exports showed a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 84%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Spain (X tons) and Sweden (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Norway, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +107.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Spain ($X) and Sweden ($X) constituted the largest markets for frozen pig meat other than cuts or carcases exported from Norway worldwide, together comprising 99% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +110.9%, 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 export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, dropping by -3.5% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen pig meat other than cuts or carcases increased by +82.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 72%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Congo ($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 Uruguay (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Norway

In 2022, approx. X tons of frozen pig meat other than cuts or carcases were imported into Norway; approximately equating 2021. Over the period under review, imports saw a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of 98%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases soared to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 58%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Denmark (X tons), Sweden (X tons) and Spain (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Norway, with a combined 80% share of total imports. The United States, Estonia, Australia, Germany, the Netherlands and Finland lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Denmark ($X) and Sweden ($X) were the largest frozen pig meat other than cuts or carcases suppliers to Norway, together accounting for 84% of total imports. The United States, Australia, Estonia, Germany, the Netherlands and Finland lagged somewhat behind, together comprising a further 13%.

The United States, with a CAGR of +34.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, picking up by 32% against the previous year. Overall, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 108%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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