Norway: Canned Food Market 2024

Canned Food Market Size in Norway

In 2021, the Norwegian canned food market increased by 48% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Canned Food Production in Norway

In value terms, canned food production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Canned Food Exports

Exports from Norway

In 2021, shipments abroad of canned food increased by 1.4% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 27% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, canned food exports totaled $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 17%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for canned food exports from Norway, with a 34% share of total exports. Moreover, canned food exports to Sweden exceeded the volume sent to the second major destination, the UK (X tons), twofold. Ireland (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Sweden amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.5% per year) and Ireland (-10.9% per year).

In value terms, Sweden ($X), the UK ($X) and Finland ($X) constituted the largest markets for canned food exported from Norway worldwide, with a combined 65% share of total exports. These countries were followed by Ireland, Ghana, the Czech Republic, Denmark, Iceland, the Philippines and Taiwan (Chinese), which together accounted for a further 26%.

Ghana, with a CAGR of +4,472.4%, saw 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

The average canned food export price stood at $X per ton in 2020, waning by -11.5% against the previous year. Overall, the export price showed a perceptible slump. The growth pace was the most rapid in 2018 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iceland ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Norway

In 2021, purchases abroad of canned food increased by 4.6% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, canned food imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Portugal (X tons) and Spain (X tons) were the main suppliers of canned food imports to Norway, with a combined 48% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +100.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Denmark ($X) and Spain ($X) appeared to be the largest canned food suppliers to Norway, together accounting for 35% of total imports. France, the United States, Thailand, Greece, China, Hungary, Portugal, Indonesia, Turkey and Belgium lagged somewhat behind, together comprising a further 40%.

Portugal, with a CAGR of +78.1%, saw the highest rates of growth with regard to 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

In 2020, the average canned food import price amounted to $X per ton, picking up by 2.8% against the previous year. Overall, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 3.1% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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