Norway: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Norway

In 2022, the Norwegian vinegar-preserved vegetable market decreased by -30.6% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a abrupt downturn. Vinegar-preserved vegetable consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vinegar-Preserved Vegetable Production in Norway

In value terms, vinegar-preserved vegetable production dropped notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by 182% against the previous year. Vinegar-preserved vegetable production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vinegar-Preserved Vegetable Exports

Exports from Norway

In 2022, approx. X tons of vegetables in vinegar other than potatoes were exported from Norway; waning by -9.6% against the previous year. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 289%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vinegar-preserved vegetable exports contracted to $X in 2022. Overall, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 125%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for vinegar-preserved vegetable exports from Norway, with a 69% share of total exports. Moreover, vinegar-preserved vegetable exports to Denmark exceeded the volume sent to the second major destination, Spain (X tons), sixfold. The third position in this ranking was held by Sweden (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+47.8% per year) and Sweden (+10.2% per year).

In value terms, Denmark ($X) emerged as the key foreign market for vegetables in vinegar other than potatoes exports from Norway, comprising 59% of total exports. The second position in the ranking was held by Spain ($X), with a 20% share of total exports. It was followed by Sweden, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Denmark stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+49.9% per year) and Sweden (+15.2% per year).

Export Prices by Country

The average vinegar-preserved vegetable export price stood at $X per ton in 2022, falling by -4.1% against the previous year. In general, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 19%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Finland ($X per ton), while the average price for exports to the UK ($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 Greece (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into Norway

After five years of growth, purchases abroad of vegetables in vinegar other than potatoes decreased by -9.1% to X tons in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.4% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 30% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, vinegar-preserved vegetable imports declined to $X in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest vinegar-preserved vegetable supplier to Norway, accounting for a 24% share of total imports. Moreover, vinegar-preserved vegetable imports from Turkey exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+36.4% per year) and Poland (+34.4% per year).

In value terms, Turkey ($X), the United States ($X) and Mexico ($X) appeared to be the largest vinegar-preserved vegetable suppliers to Norway, with a combined 32% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +39.0%, 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

The average vinegar-preserved vegetable import price stood at $X per ton in 2022, falling by -5.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 13%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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 the United States ($X per ton), while the price for Turkey ($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 (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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