Norway: Wheat Starch Market 2024

Wheat Starch Market Size in Norway

The Norwegian wheat starch market rose significantly to $X in 2021, picking up by 9.5% against the previous year. Overall, consumption recorded strong growth. Wheat starch consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Wheat Starch Production in Norway

In value terms, wheat starch production rose notably to $X in 2021 estimated in export price. Overall, production showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. Wheat starch production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Wheat Starch Exports

Exports from Norway

In 2021, the amount of wheat starch exported from Norway dropped significantly to X tons, which is down by -22.4% against the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 897%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wheat starch exports contracted rapidly to $X in 2021. Over the period under review, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 486% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for wheat starch exports from Norway, accounting for a 70% share of total exports. Moreover, wheat starch exports to Sweden exceeded the volume sent to the second major destination, the UK (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +78.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+24.2% per year) and Austria (+2,409.9% per year).

In value terms, Sweden ($X) remains the key foreign market for wheat starch exports from Norway, comprising 67% of total exports. The second position in the ranking was held by the UK ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +65.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+21.3% per year) and Austria (+2,076.1% per year).

Export Prices by Country

The average wheat starch export price stood at $X per ton in 2021, shrinking by -1.7% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the UK ($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 the UK (-2.3%), while the prices for the other major destinations experienced a decline.

Wheat Starch Imports

Imports into Norway

Wheat starch imports into Norway dropped rapidly to X tons in 2021, falling by -32.5% on the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 85% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, wheat starch imports shrank sharply to $X in 2021. Overall, imports saw a slight decline. The most prominent rate of growth was recorded in 2019 when imports increased by 60%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Lithuania (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of wheat starch imports to Norway, with a combined 46% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +9.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat starch suppliers to Norway were Lithuania ($X), France ($X) and the Netherlands ($X), with a combined 45% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +9.2%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average wheat starch import price amounted to $X per ton, picking up by 3% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The pace of growth appeared the most rapid in 2018 an increase of 21%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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