Norway: Preserved Pork Market 2021

Preserved Pork Market Size in Norway

The Norwegian preserved pork market rose markedly to $X in 2020, with an increase of X% against the previous year. In general, the total consumption indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Preserved Pork Production in Norway

In value terms, preserved pork production soared to $X in 2020 estimated in export prices. Over the period under review, production showed a pronounced increase. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Preserved pork production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Preserved Pork Exports

Exports from Norway

In 2020, after three years of growth, there was significant decline in overseas shipments of pig meat salted (salted, in brine, dried or smoked), when their volume decreased by -X% to X kg. In general, exports saw a sharp decline. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Exports peaked at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, preserved pork exports contracted notably to $X in 2020. Overall, exports showed a sharp contraction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Sweden (X kg), Spain (X kg) and Russia (X kg) were the main destinations of preserved pork exports from Norway, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Spain, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved pork exported from Norway were Spain ($X), Sweden ($X) and Malta ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Spain saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average preserved pork export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price continues to indicate a notable increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, 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.

Preserved Pork Imports

Imports into Norway

In 2020, overseas purchases of pig meat salted (salted, in brine, dried or smoked) increased by X% to X tons, rising for the third consecutive year after four years of decline. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, preserved pork imports skyrocketed to $X in 2020. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Denmark (X tons) constituted the largest preserved pork supplier to Norway, with a X% share of total imports. Moreover, preserved pork imports from Denmark exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Spain (+X% per year).

In value terms, Denmark ($X), Italy ($X) and Spain ($X) appeared to be the largest preserved pork suppliers to Norway, with a combined X% share of total imports.

In terms of the main suppliers, Denmark recorded the highest rates of growth with regard to the value of imports, 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 preserved pork import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved pork import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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