Norway: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Norway

The Norwegian wheat and meslin flour market dropped to $X in 2022, falling by -6.6% against the previous year. In general, consumption, however, continues to indicate a slight reduction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Wheat and Meslin Flour in Norway

In value terms, wheat and meslin flour production declined remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The growth pace was the most rapid in 2018 when the production volume increased by 117%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports from Norway

In 2022, the amount of wheat and meslin flour exported from Norway shrank dramatically to X tons, with a decrease of -37.5% on the previous year's figure. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 435%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, wheat and meslin flour exports dropped remarkably to $X in 2022. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 896%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Sweden (X tons) was the main destination for wheat and meslin flour exports from Norway, with a 77% share of total exports. Moreover, wheat and meslin flour exports to Sweden exceeded the volume sent to the second major destination, Spain (X tons), eightfold. Austria (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+5.8% per year) and Austria (+9.9% per year).

In value terms, Sweden ($X) remains the key foreign market for wheat and meslin flour exports from Norway, comprising 90% of total exports. The second position in the ranking was held by Spain ($X), with a 5.2% share of total exports. It was followed by Austria, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+3.6% per year) and Austria (+1.3% per year).

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, shrinking by -10.6% against the previous year. In general, the export price recorded a slight decrease. The growth pace was the most rapid in 2021 an increase of 86% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Sweden ($X per ton), while the average price for exports to Austria ($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 Finland (+6.2%), while the prices for the other major destinations experienced a decline.

Imports of Wheat and Meslin Flour

Imports into Norway

After ten years of growth, overseas purchases of wheat and meslin flour decreased by -2.6% to X tons in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +111.0% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 22%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, wheat and meslin flour imports rose remarkably to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +105.7% against 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of 23%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest wheat and meslin flour supplier to Norway, with a 55% share of total imports. Moreover, wheat and meslin flour imports from Italy exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+4.8% per year) and Germany (+2.0% per year).

In value terms, Italy ($X) constituted the largest supplier of wheat and meslin flour to Norway, comprising 57% of total imports. The second position in the ranking was held by Sweden ($X), with a 14% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+1.5% per year) and Germany (-0.6% per year).

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, picking up by 10% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Sweden ($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 Arab Emirates (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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