Norway: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Norway

The Norwegian mineral or aerated water market rose sharply to $X in 2022, surging by 7.9% against the previous year. Over the period under review, consumption, however, showed a perceptible descent. Mineral or aerated water consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Mineral or Aerated Waters in Norway

In value terms, mineral or aerated water production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by 42%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Mineral or Aerated Waters

Exports from Norway

In 2022, shipments abroad of mineral or aerated waters increased by 25% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 157%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, mineral or aerated water exports shrank modestly to $X in 2022. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2016 when exports increased by 232%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for mineral or aerated water exports from Norway, with a 49% share of total exports. Moreover, mineral or aerated water exports to Sweden exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+28.5% per year) and the United States (-3.3% per year).

In value terms, the United Arab Emirates ($X), Sweden ($X) and the United States ($X) constituted the largest markets for mineral or aerated water exported from Norway worldwide, with a combined 62% share of total exports. The UK, Australia, China and Saudi Arabia lagged somewhat behind, together accounting for a further 25%.

Saudi Arabia, with a CAGR of +55.9%, saw the highest growth rate of 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 mineral or aerated water export price stood at $X per ton in 2022, declining by -22.9% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 34%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Sweden ($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 the UK (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Mineral or Aerated Waters

Imports into Norway

In 2022, approx. X tons of mineral or aerated waters were imported into Norway; jumping by 629% on 2021 figures. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mineral or aerated water imports skyrocketed to $X in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of mineral or aerated water to Norway, accounting for a 15% share of total imports. Moreover, mineral or aerated water imports from Denmark exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.5% per year) and Sweden (+4.8% per year).

In value terms, Denmark ($X) constituted the largest supplier of mineral or aerated waters to Norway, comprising 23% of total imports. The second position in the ranking was held by Italy ($X), with a 9.5% share of total imports. It was followed by Sweden, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from Denmark stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.2% per year) and Sweden (+11.1% per year).

Import Prices by Country

In 2022, the average mineral or aerated water import price amounted to $X per ton, declining by -40.6% against the previous year. Overall, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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