Norway: Potato Chips Market 2024

Potato Chips Market Size in Norway

The Norwegian potato chips market expanded remarkably to $X in 2022, growing by 5.6% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Potato chips consumption peaked in 2022 and is likely to continue growth in the near future.

Potato Chips Production in Norway

In value terms, potato chips production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24% against the previous year. Potato chips production peaked in 2022 and is likely to continue growth in the near future.

Potato Chips Exports

Exports from Norway

Potato chips exports from Norway fell significantly to X tons in 2022, which is down by -55% on the year before. In general, exports, however, showed a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 335%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, potato chips exports fell notably to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 397% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Sweden (X tons) was the main destination for potato chips exports from Norway, with a 78% share of total exports. Moreover, potato chips exports to Sweden exceeded the volume sent to the second major destination, Iceland (X tons), fivefold. The third position in this ranking was taken by Denmark (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+2.6% per year) and Denmark (+9.3% per year).

In value terms, Sweden ($X) remains the key foreign market for potato chips exports from Norway, comprising 77% of total exports. The second position in the ranking was held by Iceland ($X), with a 16% share of total exports. It was followed by Denmark, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+3.5% per year) and Denmark (+5.0% per year).

Export Prices by Country

In 2022, the average potato chips export price amounted to $X per ton, increasing by 15% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potato chips export price increased by +28.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Faroe Islands ($X per ton) and Iceland ($X per ton), while the average price for exports to Denmark ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Norway

In 2022, potato chips imports into Norway surged to X tons, jumping by 18% compared with the previous year. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, potato chips imports expanded remarkably to $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest potato chips supplier to Norway, with a 42% share of total imports. Moreover, potato chips imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.6% per year) and the UK (-0.8% per year).

In value terms, Spain ($X) constituted the largest supplier of potato chips to Norway, comprising 36% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by the UK, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.0% per year) and the UK (-1.3% per year).

Import Prices by Country

In 2022, the average potato chips import price amounted to $X per ton, waning by -3.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Italy ($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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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