Price for Pectic Substances; Pectinates and Pectates in Norway - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Norway (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in Norway (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Norway
4. Exports of Pectic Substances; Pectinates and Pectates in Norway

Price for Pectic Substances; Pectinates and Pectates in Norway (CIF) - 2023

In August 2023, the average import price for pectic substances; pectinates and pectateses amounted to $23,417 per ton, rising by 31% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in December 2022 when the average import price increased by 36% against the previous month. Over the period under review, average import prices reached the maximum in August 2023.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Sweden ($25,608 per ton), while the price for the Czech Republic ($21,618 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Norway (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $7,514 per ton in 2022, dropping by -44.3% against the previous year. In general, the export price showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 an increase of 81%. Over the period under review, the average export prices reached the peak figure at $19,000 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($12,509 per ton), while the average price for exports to Denmark totaled $2,423 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Norway

In 2022, purchases abroad of pectic substances; pectinates and pectateses decreased by -5.2% to 192 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight decrease. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of 225 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pectic substances; pectinates and pectates imports reduced modestly to $3.3M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of $3.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Norway in 2022:

1. Denmark (80.0 tons)
2. Czech Republic (46.5 tons)
3. Sweden (34.1 tons)
4. Italy (19.5 tons)
5. France (6.6 tons)

Exports of Pectic Substances; Pectinates and Pectates in Norway

In 2022, the amount of pectic substances; pectinates and pectateses exported from Norway skyrocketed to 105 kg, rising by 48% on the year before. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pectic substances; pectinates and pectates exports reduced sharply to $789 in 2022. In general, exports, however, faced a abrupt decline. The smallest decline of -9.1% was in 2021.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Norway in 2022:

1. Germany (53.0 kg)
2. Denmark (52.0 kg)

Source: IndexBox Market Intelligence Platform