Report Update Nov 1, 2024

Norway - Inulin - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Inulin Market 2024

Inulin Market Size in Norway

The Norwegian inulin market surged to $X in 2021, picking up by 29% 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). Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.0% against 2016 indices. Inulin consumption peaked in 2021 and is expected to retain growth in the near future.

Inulin Exports

Exports from Norway

In 2021, after four years of growth, there was significant decline in shipments abroad of inulin, when their volume decreased by -52.7% to X tons. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 900% against the previous year. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, inulin exports surged to $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 146%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for inulin exports from Norway, accounting for a 90% share of total exports. Moreover, inulin exports to Sweden exceeded the volume sent to the second major destination, Denmark (X kg), ninefold.

From 2014 to 2021, the average annual growth rate of volume to Sweden was relatively modest.

In value terms, Sweden ($X) emerged as the key foreign market for inulin exports from Norway, comprising 87% of total exports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of value to Sweden was relatively modest.

Export Prices by Country

The average inulin export price stood at $X per ton in 2021, picking up by 239% against the previous year. In general, the export price, however, recorded a deep contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign 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 stood at $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (-2.7%).

Inulin Imports

Imports into Norway

For the fourth consecutive year, Norway recorded growth in overseas purchases of inulin, which increased by 13% to X tons in 2021. In general, imports saw prominent growth. The pace of growth appeared the most rapid in 2016 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, inulin imports surged to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.9% against 2016 indices. The growth pace was the most rapid in 2016 when imports increased by 56%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of inulin to Norway, with a 77% share of total imports. Moreover, inulin imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.9% per year) and Denmark (+36.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of inulin to Norway, comprising 76% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.4% per year) and Denmark (+19.5% per year).

Import Prices by Country

In 2021, the average inulin import price amounted to $X per ton, surging by 7.2% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inulin in the world?

China constituted the country with the largest volume of inulin consumption, comprising approx. 31% of total volume. Moreover, inulin consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the largest producers of inulin in the world?

China remains the largest inulin producing country worldwide, accounting for 31% of total volume. Moreover, inulin production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.7% share.

What are the leading suppliers of inulin to Norway?

In value terms, the largest inulin suppliers to Norway were Belgium and the Netherlands.

What are the leading importers of inulin from Norway?

In value terms, Iceland, Sweden and Denmark constituted the largest markets for inulin exported from Norway worldwide.

What is the average export price for inulin in Norway?

In 2021, the average inulin export price amounted to $5,971 per ton, growing by 409% against the previous year.

What is the average import price for inulin in Norway?

In 2021, the average inulin import price amounted to $2,734 per ton, flattening at the previous year.

This report provides an in-depth analysis of the inulin market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621130 - Inulin

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023