Norway: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Norway

After eight years of decline, the Norwegian market for starch other than wheat, corn or potato increased by X% to $X in 2021. In general, consumption enjoyed a pronounced increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Starch other than Wheat, Corn or Potato in Norway

In value terms, production of starch other than wheat, corn or potato amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production of reached the peak level in 2021 and is expected to retain growth in years to come.

Exports of Starch other than Wheat, Corn or Potato

Exports from Norway

In 2021, the amount of starch other than wheat, corn or potato exported from Norway skyrocketed to X tons, jumping by X% on the previous year. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of starch other than wheat, corn or potato soared to $X in 2021. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons), the Netherlands (X tons) and Italy (X tons) were the main destinations of exports of starch other than wheat, corn or potato from Norway, with a combined X% share of total exports. Serbia, Germany, Australia and the UK lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for starch other than wheat, corn or potato exported from Norway worldwide, with a combined X% share of total exports. Serbia, Germany, Australia and the UK lagged somewhat behind, together comprising a further X the main countries of destination, the UK, with a CAGR of +X%, recorded the highest growth rate of 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 export price for starch other than wheat, corn or potato stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 Germany (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Starch other than Wheat, Corn or Potato

Imports into Norway

In 2021, purchases abroad of starch other than wheat, corn or potato decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of starch other than wheat, corn or potato skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a pronounced downturn. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of starch other than wheat, corn or potato to Norway, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Thailand exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

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

In value terms, Thailand ($X) constituted the largest supplier of starch other than wheat, corn or potato to Norway, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, rising by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for starch other than wheat, corn or potato increased by +X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :