Norway - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in Norway - 2023
Contents:
- Millet Price in Norway (CIF) - 2022
- Millet Price in Norway (FOB) - 2022
- Millet Imports in Norway
- Millet Exports in Norway
Millet Price in Norway (CIF) - 2022
In 2022, the average millet import price amounted to $2,136 per ton, rising by 32% against the previous year. In general, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2021 an increase of 101%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,024 per ton), while the price for Russia ($1,121 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Millet Price in Norway (FOB) - 2022
In 2022, the average millet export price amounted to $1,254 per ton, remaining constant against the previous year. Overall, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2016 an increase of 19% against the previous year. Over the period under review, the average export prices attained the maximum at $1,395 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($1,590 per ton), while the average price for exports to Sweden stood at $1,192 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+4.1%).
Millet Imports in Norway
Millet imports into Norway declined dramatically to 17 tons in 2022, reducing by -36.1% on the year before. In general, imports saw a sharp descent. The smallest decline of -25.4% was in 2020.
In value terms, millet imports reduced rapidly to $37K in 2022. Over the period under review, imports continue to indicate a sharp descent. The smallest decline of -14.1% was in 2020.
| Import of Millet in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.1 | 4.3 | 4.7 | 6.1 | 42.7% |
| Ukraine | 0.7 | 0.9 | 0.8 | 6.0 | 104.7% |
| Denmark | 2.2 | 2.4 | 2.3 | 5.5 | 35.7% |
| China | 7.3 | 5.8 | 1.5 | 5.4 | -9.6% |
| Poland | 12.7 | 6.9 | 3.9 | 4.3 | -30.3% |
| Sweden | 7.8 | 9.1 | 1.3 | 2.8 | -28.9% |
| Latvia | 0.8 | 0.4 | 0.1 | 2.3 | 42.2% |
| Russia | 1.4 | 1.4 | 0.5 | 1.9 | 10.7% |
| United States | 97.4 | 68.4 | 0.2 | N/A | -95.5% |
| Others | 38.2 | 46.7 | 28.2 | 2.6 | -59.2% |
| Total | 171 | 147 | 43.5 | 36.8 | -40.1% |
Top Suppliers of Millet to Norway in 2022:
- India (4.2 tons)
- Poland (3.1 tons)
- Ukraine (2.4 tons)
- Latvia (2.0 tons)
- Russia (1.7 tons)
- Denmark (1.6 tons)
- China (0.9 tons)
- Sweden (0.7 tons)
Millet Exports in Norway
In 2022, approx. 1.9 tons of millet were exported from Norway; which is down by -2.6% against 2021. Over the period under review, exports continue to indicate a precipitous setback.
In value terms, millet exports declined slightly to $2.3K in 2022. Overall, exports showed a abrupt curtailment.
| Export of Millet in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.9 | 0.3 | 0.8 | 2.1 | 32.6% |
| Denmark | 3.4 | 3.1 | 0.7 | 0.1 | -69.1% |
| Others | 0.1 | 0.2 | 0.9 | 0.1 | 0.0% |
| Total | 4.4 | 3.6 | 2.4 | 2.3 | -19.4% |
Top Export Markets for Millet from Norway in 2022:
- Sweden (1801.0 kg)
- Denmark (61.0 kg)
This report provides an in-depth analysis of the millet market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 79 - Millet
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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