Norway: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Norway

After three years of growth, the Norwegian starch manufacture residues market decreased by -28.3% to $X in 2022. Overall, consumption showed a mild decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Starch Manufacture Residues Production in Norway

In value terms, starch manufacture residues production shrank remarkably to $X in 2022 estimated in export price. In general, production, however, showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 310%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Starch Manufacture Residues Exports

Exports from Norway

In 2022, overseas shipments of residues of starch manufacture decreased by -13.3% to X tons, falling for the third year in a row after four years of growth. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,597%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, starch manufacture residues exports declined to $X in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,594%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Denmark (X tons) were the main destinations of starch manufacture residues exports from Norway, together comprising 83% of total exports. Canada, Germany, Australia and the UK lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +227.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Denmark ($X) constituted the largest markets for starch manufacture residues exported from Norway worldwide, together accounting for 78% of total exports. Canada, Germany, Australia and the UK lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Australia, with a CAGR of +266.9%, 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

The average starch manufacture residues export price stood at $X per ton in 2022, growing by 2.5% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues export price decreased by -23.7% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 89%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Norway

In 2022, the amount of residues of starch manufacture imported into Norway shrank rapidly to X tons, declining by -41.7% compared with 2021 figures. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2016 when imports increased by 51% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, starch manufacture residues imports dropped sharply to $X in 2022. Over the period under review, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2016 when imports increased by 43%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest starch manufacture residues supplier to Norway, accounting for a 74% share of total imports. Moreover, starch manufacture residues imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X tons), more than tenfold. The third position in this ranking was taken by Lithuania (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-8.0% per year) and Lithuania (+10.9% per year).

In value terms, China ($X) constituted the largest supplier of residues of starch manufacture to Norway, comprising 76% of total imports. The second position in the ranking was held by Hungary ($X), with a 4.8% share of total imports. It was followed by the Netherlands, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-4.9% per year) and the Netherlands (-6.0% per year).

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, with an increase of 30% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues import price increased by +83.4% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+52.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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