Price for Fish Meal; Fit for Human Consumption in Norway - 2022

Contents:

1. Price for Fish Meal; Fit for Human Consumption in Norway (FOB) - 2022
2. Price for Fish Meal; Fit for Human Consumption in Norway (CIF) - 2022
3. Exports of Fish Meal; Fit for Human Consumption in Norway
4. Imports of Fish Meal; Fit for Human Consumption in Norway

Price for Fish Meal; Fit for Human Consumption in Norway (FOB) - 2022

The average export price for fish meal; fit for human consumptia stood at $8,996 per ton in 2022, growing by 5.6% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 14%. As a result, the export price attained the peak level of $13,442 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($9,549 per ton), while the average price for exports to Taiwan (Chinese) ($6,587 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 Nigeria (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fish Meal; Fit for Human Consumption in Norway (CIF) - 2022

In 2022, the average import price for fish meal; fit for human consumptia amounted to $10,847 per ton, approximately reflecting the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 137% against the previous year. The import price peaked at $24,431 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Hungary amounted to +300.4% per year.

Exports of Fish Meal; Fit for Human Consumption in Norway

In 2022, exports of fish meal; fit for human consumptia from Norway contracted to 1.3K tons, waning by -8.7% compared with the year before. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports reached the peak of 1.5K tons, and then shrank in the following year.

In value terms, exports of fish meal; fit for human consumptia fell modestly to $12M in 2022. Over the period under review, exports saw a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 7.8%.

Top Export Markets for Fish Meal; Fit for Human Consumption from Norway in 2022:

1. Cote d'Ivoire (1159.1 tons)
2. Taiwan (Chinese) (103.0 tons)
3. Philippines (66.9 tons)

Imports of Fish Meal; Fit for Human Consumption in Norway

In 2022, imports of fish meal; fit for human consumptia into Norway surged to 16 tons, with an increase of 58% against the previous year's figure. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 125%. As a result, imports attained the peak of 26 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fish meal; fit for human consumptia soared to $176K in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 75%. As a result, imports attained the peak of $241K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Fish Meal; Fit for Human Consumption to Norway in 2022:

1. France (16.3 tons)

Source: IndexBox Market Intelligence Platform