Norway: Rye Market 2024

Rye Market Size in Norway

For the third year in a row, the Norwegian rye market recorded decline in sales value, which decreased by -11.3% to $X in 2022. In general, consumption, however, posted a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Rye Production in Norway

In value terms, rye production expanded notably to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 233%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

In 2022, the average yield of rye in Norway expanded remarkably to X tons per ha, rising by 7.6% compared with the year before. Overall, the yield saw a strong increase. The most prominent rate of growth was recorded in 2013 when the yield increased by 258%. The rye yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The rye harvested area in Norway dropped to X ha in 2022, waning by -10.9% compared with 2021 figures. Overall, the harvested area, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 180% against the previous year. Over the period under review, the harvested area dedicated to rye production attained the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Rye Exports

Exports from Norway

In 2022, after two years of growth, there was significant decline in shipments abroad of rye, when their volume decreased by -16.8% to X kg. Over the period under review, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 100%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rye exports shrank rapidly to $X in 2022. In general, exports saw a sharp decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 268% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for rye exports from Norway, accounting for a 43% share of total exports. Moreover, rye exports to Germany exceeded the volume sent to the second major destination, Austria (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and the Netherlands (-38.1% per year).

In value terms, the Netherlands ($X), Germany ($X) and Austria ($X) appeared to be the largest markets for rye exported from Norway worldwide, with a combined 50% share of total exports.

The Netherlands, with a CAGR of +29.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average rye export price stood at $X per ton in 2022, waning by -5.2% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rye export price increased by +100.6% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 84%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+109.2%), while the prices for the other major destinations experienced mixed trend patterns.

Rye Imports

Imports into Norway

Rye imports into Norway declined remarkably to X tons in 2022, which is down by -59.6% compared with 2021 figures. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 158%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, rye imports declined significantly to $X in 2022. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 164%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of rye to Norway, accounting for a 80% share of total imports. Moreover, rye imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Denmark (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.5% per year) and Denmark (-8.9% per year).

In value terms, Poland ($X), Germany ($X) and Denmark ($X) appeared to be the largest rye suppliers to Norway, with a combined 99% share of total imports.

Among the main suppliers, Poland, with a CAGR of +23.7%, 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 a decline.

Import Prices by Country

The average rye import price stood at $X per ton in 2022, increasing by 44% against the previous year. Over the period under review, the import price showed a moderate expansion. The pace of growth was the most pronounced in 2015 an increase of 98% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Denmark ($X per ton), while the price for Poland ($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 (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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