Grapefruit Market in Norway
Market Overview
The Norwegian grapefruit market stood at $
in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level in and is expected to retain growth in the immediate term.
in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level in and is expected to retain growth in the immediate term.Consumption
In , the amount of grapefruits consumed in Norway stood at tonnes, picking up by % on 2019. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the consumption volume increased by % y-o-y. Grapefruit consumption peaked in and is expected to retain growth in the immediate term.
The revenue of the grapefruit market in Norway expanded slightly to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level in and is likely to see steady growth in the immediate term.
, the amount of grapefruits consumed in Norway stood at tonnes, picking up by % on 2019. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the consumption volume increased by % y-o-y. Grapefruit consumption peaked in and is expected to retain growth in the immediate term.The revenue of the grapefruit market in Norway expanded slightly to $
in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level in and is likely to see steady growth in the immediate term.Market Forecast
Driven by increasing demand for grapefruit in Norway, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Norway remains a net importer of grapefruit; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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