Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway - 2024

Contents:

1. Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway (CIF) - 2024
2. Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway (FOB) - 2024
3. Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway
4. Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway

Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway (CIF) - 2024

In January 2024, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $5,149 per ton, falling by -3.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in November 2023 when the average import price increased by 12% against the previous month. As a result, import price reached the peak level of $5,596 per ton. From December 2023 to January 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was France ($9,846 per ton), while the price for Poland ($3,422 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Denmark (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway (FOB) - 2024

The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $6,109 per ton in January 2024, leveling off at the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 23% month-to-month. As a result, the export price reached the peak level of $7,528 per ton. From March 2023 to January 2024, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Ireland ($12,114 per ton), while the average price for exports to Sweden ($5,380 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway

In 2022, supplies from abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -3% to 3K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. As a result, imports attained the peak of 3.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses contracted to $13M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 8.3% against the previous year.

Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Norway in 2022:

1. Spain (918.3 tons)
2. Belgium (461.6 tons)
3. Finland (313.9 tons)
4. Slovakia (255.3 tons)
5. Poland (186.5 tons)
6. Germany (138.9 tons)
7. Netherlands (104.5 tons)
8. Portugal (91.5 tons)
9. Romania (84.5 tons)
10. Sweden (79.7 tons)
11. France (73.2 tons)
12. Denmark (61.7 tons)
13. Czech Republic (50.1 tons)

Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Norway

In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Norway declined to 746 tons, which is down by -13% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 857 tons, and then shrank in the following year.

In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses contracted rapidly to $4.5M in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 5.6%.

Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Norway in 2022:

1. Sweden (312.9 tons)
2. United Kingdom (235.6 tons)
3. Czech Republic (71.7 tons)
4. Finland (39.0 tons)
5. Iceland (33.5 tons)
6. Ireland (16.2 tons)

Source: IndexBox Market Intelligence Platform