Norway: Prepared Mustard Market 2024

Prepared Mustard Market Size in Norway

The Norwegian prepared mustard market expanded sharply to $X in 2021, rising by 12% against the previous year. The market value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Prepared Mustard Production in Norway

In value terms, prepared mustard production surged to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.7% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 40%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Prepared Mustard Exports

Exports from Norway

In 2021, prepared mustard exports from Norway declined to X tons, dropping by -5.4% against 2020. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared mustard exports skyrocketed to $X in 2021. In general, exports saw a deep reduction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Iceland (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of prepared mustard exports from Norway, with a combined 86% share of total exports. Germany, the UK and Spain lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +1.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Iceland ($X) remains the key foreign market for prepared mustard exports from Norway, comprising 49% of total exports. The second position in the ranking was taken by Denmark ($X), with a 21% share of total exports. It was followed by Sweden, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Iceland amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-25.4% per year) and Sweden (-4.1% per year).

Export Prices by Country

The average prepared mustard export price stood at $X per ton in 2021, surging by 40% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.8%), while the prices for the other major destinations experienced a decline.

Prepared Mustard Imports

Imports into Norway

Prepared mustard imports into Norway contracted to X tons in 2021, falling by -3.6% compared with 2020. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 9.2%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, prepared mustard imports expanded notably to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, imports attained the maximum at $X in 2013; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of prepared mustard to Norway, with a 54% share of total imports. Moreover, prepared mustard imports from Sweden exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.2% per year) and Germany (+6.6% per year).

In value terms, France ($X), Sweden ($X) and Poland ($X) were the largest prepared mustard suppliers to Norway, together comprising 74% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +30.4%, 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 2021, the average prepared mustard import price amounted to $X per ton, with an increase of 9.3% against the previous year. Over the period under review, the import price, however, showed a slight descent. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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