Price for Vegetable Saps and Extracts; Opium in Norway - 2022

Contents:

1. Price for Vegetable Saps and Extracts; Opium in Norway (CIF) - 2022
2. Price for Vegetable Saps and Extracts; Opium in Norway (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; Opium in Norway
4. Exports of Vegetable Saps and Extracts; Opium in Norway

Price for Vegetable Saps and Extracts; Opium in Norway (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; opia amounted to $112,962 per ton, reducing by -45.5% against the previous year. Overall, the import price showed a slight slump. The pace of growth appeared the most rapid in 2016 an increase of 52%. The import price peaked at $207,174 per ton in 2021, and then shrank significantly 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 UK ($255,500 per ton), while the price for the Netherlands ($34,179 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.7%), while the prices for the other major suppliers experienced a decline.

Price for Vegetable Saps and Extracts; Opium in Norway (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; opia amounted to $23,500 per ton, with an increase of 33% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 176%. Over the period under review, the average export prices hit record highs at $85,037 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($22,500 per ton), while the average price for exports to Denmark totaled $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-6.9%).

Imports of Vegetable Saps and Extracts; Opium in Norway

For the fourth year in a row, Norway recorded growth in purchases abroad of vegetable saps and extracts; opia, which increased by 130% to 53 kg in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vegetable saps and extracts; opium imports surged to $6K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vegetable Saps and Extracts; Opium to Norway in 2022:

1. Netherlands (28.0 kg)
2. Denmark (17.0 kg)
3. United Kingdom (8.0 kg)

Exports of Vegetable Saps and Extracts; Opium in Norway

In 2022, overseas shipments of vegetable saps and extracts; opia decreased by -85% to 3 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 5.4%. As a result, the exports attained the peak of 59 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vegetable saps and extracts; opium exports contracted rapidly to $47 in 2022. Overall, exports faced a dramatic setback. The smallest decline of -34.5% was in 2020.

Top Export Markets for Vegetable Saps and Extracts; Opium from Norway in 2022:

1. Vietnam (2.0 kg)
2. Denmark (1.0 kg)

Source: IndexBox Market Intelligence Platform