Report Update Nov 1, 2024

Norway - Potato Starch - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Potato Starch Market 2024

Potato Starch Market Size in Norway

In 2021, the Norwegian potato starch market decreased by -46.5% to $X for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, consumption continues to indicate a resilient increase. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Potato Starch Production in Norway

In value terms, potato starch production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Potato Starch Exports

Exports from Norway

In 2021, approx. X kg of potato starch were exported from Norway; picking up by 7,400% compared with 2020. Overall, exports, however, continue to indicate a deep downturn. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, potato starch exports surged to $X in 2021. Over the period under review, exports recorded a prominent increase. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for potato starch exports from Norway, with a 79% share of total exports. Moreover, potato starch exports to the UK exceeded the volume sent to the second major destination, Sweden (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +36.8%.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +5.1%.

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, waning by -47.3% against the previous year. In general, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 153%. As a result, the export price attained the peak level of $X per ton, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-5.7%).

Potato Starch Imports

Imports into Norway

In 2021, overseas purchases of potato starch decreased by -70.7% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. Imports peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, potato starch imports contracted remarkably to $X in 2021. In general, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 117% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest potato starch supplier to Norway, with a 64% share of total imports. Moreover, potato starch imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +62.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-1.0% per year) and Germany (+21.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of potato starch to Norway, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Finland, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.4% per year) and Finland (-1.3% per year).

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, jumping by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2013 an increase of 48% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, 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 ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+133.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potato starch in the world?

The country with the largest volume of potato starch consumption was China, accounting for 19% of total volume. Moreover, potato starch consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of potato starch in the world?

China constituted the country with the largest volume of potato starch production, comprising approx. 19% of total volume. Moreover, potato starch production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.4% share.

What are the leading suppliers of potato starch to Norway?

In value terms, Sweden constituted the largest supplier of potato starch to Norway, comprising 74% of total imports. The second position in the ranking was occupied by Poland, with a 21% share of total imports.

What is the average export price for potato starch in Norway?

The average potato starch export price stood at $11,400 per ton in 2020, therefore, remained relatively stable against the previous year.

What is the average import price for potato starch in Norway?

The average potato starch import price stood at $1,199 per ton in 2021, reducing by -1.6% against the previous year.

This report provides an in-depth analysis of the potato starch 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 10621115 - Potato starch

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