Norway: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Norway

In 2021, the Norwegian market for protein concentrates and flavoured or coloured sugar syrups decreased by -11.9% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Norway

In value terms, production of protein concentrates and flavoured or coloured sugar syrups contracted to $X in 2021 estimated in export price. In general, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 62%. As a result, production attained the peak level of $X. From 2016 to 2021, production of growth remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Norway

In 2021, overseas shipments of protein concentrates and flavoured or coloured sugar syrups increased by 93% to X tons, rising for the third year in a row after three years of decline. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,605% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 303%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Denmark (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Norway, with a 78% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Denmark exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was taken by the UK (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark amounted to +87.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+70.2% per year) and the UK (-8.2% per year).

In value terms, Denmark ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Norway, comprising 63% of total exports. The second position in the ranking was taken by Sweden ($X), with a 12% share of total exports. It was followed by Germany, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark totaled +77.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+52.3% per year) and Germany (+33.7% per year).

Export Prices by Country

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, with an increase of 5.4% against the previous year. Over the period under review, the export price, however, faced a sharp shrinkage. The pace of growth was the most pronounced in 2016 an increase of 240% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Switzerland ($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 the UK (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Norway

Imports of protein concentrates and flavoured or coloured sugar syrups into Norway skyrocketed to X tons in 2021, increasing by 22% on the previous year. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 203%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. In general, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 60%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Serbia (X tons), Denmark (X tons) and Poland (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Norway, together comprising 59% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +134.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Norway were Denmark ($X), Sweden ($X) and Poland ($X), together accounting for 50% of total imports.

Among the main suppliers, Poland, with a CAGR of +116.5%, saw 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 import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, rising by 26% against the previous year. Overall, the import price posted a prominent increase. The growth pace was the most rapid in 2020 when the average import price increased by 95%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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