Price for Spices; Mixtures of 2 or More Products of the Same Heading in Norway - 2024
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Norway (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Norway (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Norway
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Norway
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Norway (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $9,004 per ton in 2022, picking up by 5.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $9,883 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($27,682 per ton), while the price for Sweden ($3,803 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Norway (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $6,629 per ton, reducing by -34.6% against the previous year. In general, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 63%. Over the period under review, the average export prices hit record highs at $10,182 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($62,909 per ton), while the average price for exports to the UK ($1,941 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 Spain (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Norway
In 2022, after three years of growth, there was decline in supplies from abroad of spices; mixtures of 2 or more products of the same heading, when their volume decreased by -1.1% to 151 tons. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% 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 +48.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year.
In value terms, imports of spices; mixtures of 2 or more products of the same heading totaled $1.4M in 2022. The total import value increased at an average annual rate of +10.9% over the period 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 2020 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 120 | 195 | 218 | 190 | 16.6% |
| Netherlands | 31.6 | 54.9 | 86.8 | 146 | 66.6% |
| Poland | 97.3 | 153 | 162 | 122 | 7.8% |
| Germany | 67.6 | 83.2 | 83.7 | 102 | 14.7% |
| France | 73.5 | 70.3 | 64.9 | 93.7 | 8.4% |
| Sweden | 106 | 102 | 108 | 92.3 | -4.5% |
| India | 99.6 | 121 | 149 | 87.2 | -4.3% |
| Denmark | 56.8 | 75.4 | 47.8 | 81.0 | 12.6% |
| United Kingdom | 40.6 | 77.9 | 40.0 | 39.7 | -0.7% |
| Kenya | 19.7 | 18.0 | 22.3 | 31.7 | 17.2% |
| Spain | 46.3 | 42.9 | 11.9 | 30.9 | -12.6% |
| Ethiopia | 31.4 | 4.8 | 16.8 | 25.6 | -6.6% |
| Lebanon | 3.0 | 1.9 | 7.1 | 15.2 | 71.8% |
| Others | 203 | 274 | 284 | 302 | 14.2% |
| Total | 996 | 1,274 | 1,301 | 1,361 | 11.0% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Norway in 2022:
- Sweden (24.3 tons)
- Turkey (17.6 tons)
- Netherlands (13.3 tons)
- Germany (13.0 tons)
- India (12.2 tons)
- Poland (11.4 tons)
- Denmark (7.4 tons)
- United Kingdom (6.9 tons)
- Spain (4.5 tons)
- France (3.4 tons)
- Ethiopia (3.1 tons)
- Lebanon (2.9 tons)
- Kenya (2.7 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Norway
In 2022, overseas shipments of spices; mixtures of 2 or more products of the same heading decreased by -41.3% to 4.7 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. As a result, the exports attained the peak of 7.9 tons, and then dropped notably in the following year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading shrank rapidly to $31K in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 134%. As a result, the exports attained the peak of $81K, and then dropped notably in the following year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 8.8 | 8.6 | 29.4 | 10.0 | 4.4% |
| Netherlands | 7.3 | 13.2 | 30.8 | 9.2 | 8.0% |
| Sweden | 17.7 | 10.5 | 9.3 | 5.3 | -33.1% |
| United Kingdom | N/A | N/A | N/A | 4.3 | 0% |
| Vietnam | N/A | N/A | 9.3 | N/A | 0% |
| Iceland | 1.3 | N/A | N/A | N/A | 0% |
| Others | 3.3 | 2.1 | 1.8 | 2.2 | -12.6% |
| Total | 38.4 | 34.5 | 80.6 | 30.9 | -7.0% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Norway in 2022:
- United Kingdom (2231.0 kg)
- Netherlands (1380.0 kg)
- Sweden (663.0 kg)
- Denmark (328.0 kg)
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