Norway: Milled Rice Market 2020

Milled Rice Market Size in Norway

The revenue of the milled rice market in Norway amounted to $X in 2018, increasing by X% 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, milled rice consumption continues to indicate a slight increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the milled rice market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Milled Rice Exports

Exports from Norway

In 2018, the exports of milled rice from Norway stood at X tons, jumping by X% against the previous year. Over the period under review, milled rice exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, milled rice exports amounted to $X in 2018. In general, milled rice exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Niger (X tons), Thailand (X tons) and Spain (X tons) were the main destinations of milled rice exports from Norway, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Thailand (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for milled rice exported from Norway were Thailand ($X), Spain ($X) and Sweden ($X), together accounting for X% of total exports.

Among the main countries of destination, Spain (+X% per year) experienced the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average milled rice export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price indicated resilient growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice export price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. In that year, the average export prices for milled rice attained their peak level of $X per ton. From 2017 to 2018, the growth in terms of the average export prices for milled rice failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Thailand ($X per ton), while the average price for exports to Gambia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Norway

In 2018, the amount of milled rice imported into Norway totaled X tons, increasing by X% against the previous year. In general, milled rice imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, milled rice imports attained their maximum at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, milled rice imports amounted to $X in 2018. In general, the total imports indicated a measured expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, milled rice imports reached their maximum at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Thailand (X tons) constituted the largest milled rice supplier to Norway, with a X% share of total imports. Moreover, milled rice imports from Thailand exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and India (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of milled rice to Norway, comprising X% of total milled rice imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average milled rice import price stood at $X per ton in 2018, picking up by X% against the previous year. In general, the milled rice import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Pakistan ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform