Norway: Market for Glycosides And Vegetable Alkaloids 2025

Market Size for Glycosides And Vegetable Alkaloids in Norway

The Norwegian glycosides and vegetable alkaloids market contracted significantly to $X in 2021, dropping by -17.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a slight contraction. Glycosides and vegetable alkaloids consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Glycosides And Vegetable Alkaloids

Exports from Norway

In 2021, approx. X tons of glycosides and vegetable alkaloids were exported from Norway; declining by -45.3% on 2020 figures. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 150% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids exports contracted rapidly to $X in 2021. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 49%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for glycosides and vegetable alkaloids exports from Norway, accounting for a 43% share of total exports. Moreover, glycosides and vegetable alkaloids exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-17.2% per year) and Denmark (-10.1% per year).

In value terms, the largest markets for glycosides and vegetable alkaloids exported from Norway were Italy ($X), Germany ($X) and Algeria ($X), together accounting for 68% of total exports. These countries were followed by New Zealand, Denmark, Switzerland, Australia and the UK, which together accounted for a further 26%.

Australia, with a CAGR of +50.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, growing by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 163% against the previous year. Over the period under review, the average export prices reached the peak figure 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Denmark ($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 Hong Kong SAR (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Norway

In 2021, imports of glycosides and vegetable alkaloids into Norway reduced to X tons, waning by -5.5% against the previous year. In general, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 63%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, glycosides and vegetable alkaloids imports shrank sharply to $X in 2021. Over the period under review, imports recorded a slight setback. The pace of growth was the most pronounced in 2019 when imports increased by 104%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X tons), the UK (X tons) and China (X tons) were the main suppliers of glycosides and vegetable alkaloids imports to Norway, together comprising 86% of total imports. Brazil, Sweden, Slovakia and Germany lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +68.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of glycosides and vegetable alkaloids to Norway, comprising 65% of total imports. The second position in the ranking was held by the UK ($X), with a 21% share of total imports. It was followed by China, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+31.6% per year) and China (+29.9% per year).

Import Prices by Country

The average glycosides and vegetable alkaloids import price stood at $X per ton in 2021, reducing by -28.8% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glycosides and vegetable alkaloids import price decreased by -30.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 32%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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