Norway: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Norway

The Norwegian breakfast cereal market rose sharply to $X in 2021, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Breakfast cereal consumption peaked in 2021 and is likely to see steady growth in years to come.

Breakfast Cereal Production in Norway

In value terms, breakfast cereal production surged to $X in 2021 estimated in export price. In general, production, however, saw a deep slump. Breakfast cereal production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Breakfast Cereal Exports

Exports from Norway

In 2021, shipments abroad of breakfast cereals decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, breakfast cereal exports expanded sharply to $X in 2021. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for breakfast cereal exports from Norway, accounting for a X% share of total exports. Moreover, breakfast cereal exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), sevenfold. Iceland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-X% per year) and Iceland (-X% per year).

In value terms, Sweden ($X) remains the key foreign market for breakfast cereal exports from Norway, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Denmark (-X% per year).

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the export price showed a notable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Norway

In 2021, breakfast cereal imports into Norway shrank to X tons, which is down by -X% against 2020. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, breakfast cereal imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Sweden (X tons) and Denmark (X tons) were the main suppliers of breakfast cereal imports to Norway, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest breakfast cereal suppliers to Norway were Germany ($X), Denmark ($X) and Sweden ($X), with a combined X% share of total imports.

Among the main suppliers, Denmark, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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