Report Update Nov 1, 2024

Norway - Butter - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Butter Market 2024

Butter Market Size in Norway

The Norwegian butter market shrank markedly to $X in 2022, reducing by -20.1% against the previous year. In general, consumption recorded a mild descent. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Butter Production in Norway

In value terms, butter production dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 104% against the previous year. Butter production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Butter Exports

Exports from Norway

In 2022, butter exports from Norway soared to X tons, picking up by 228,952% on the previous year's figure. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, butter exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Georgia (X tons) and Sweden (X tons) were the main destinations of butter exports from Norway, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +196.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butter exported from Norway were the Netherlands ($X), Georgia ($X) and Sweden ($X), with a combined 92% share of total exports.

Among the main countries of destination, Sweden, with a CAGR of +178.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butter export price stood at $X per ton in 2022, declining by -15.1% against the previous year. In general, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 93% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Denmark ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Georgia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+45.6%), while the prices for the other major destinations experienced mixed trend patterns.

Butter Imports

Imports into Norway

In 2022, after two years of growth, there was significant decline in overseas purchases of butter, when their volume decreased by -62.5% to X tons. Overall, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, butter imports declined rapidly to $X in 2022. In general, imports faced a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 47%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of butter imports to Norway, together accounting for 93% of total imports. The UK, Poland, Estonia and Germany lagged somewhat behind, together accounting for a further 5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of butter to Norway, comprising 52% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Denmark stood at +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-13.4% per year) and France (-27.3% per year).

Import Prices by Country

The average butter import price stood at $X per ton in 2022, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2017 an increase of 42%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter in the world?

The countries with the highest volumes of butter consumption in 2021 were the United States, Germany and France, together accounting for 34% of global consumption. These countries were followed by Russia, New Zealand, Turkey, Iran, the UK, China, Poland, Canada, Brazil and Italy, which together accounted for a further 34%.

What are the largest producers of butter in the world?

The countries with the highest volumes of butter production in 2021 were the United States, New Zealand and Germany, together accounting for 34% of global production. These countries were followed by France, Ireland, Russia, Turkey, Iran, Poland, the Netherlands, the UK, Belarus and Canada, which together accounted for a further 36%.

What are the leading suppliers of butter to Norway?

In value terms, the largest butter suppliers to Norway were Estonia, the Netherlands and Denmark, together comprising 75% of total imports.

What are the leading importers of butter from Norway?

In value terms, Sweden remains the key foreign market for butter exports from Norway, comprising 94% of total exports. The second position in the ranking was occupied by Germany, with a 3.5% share of total exports.

What is the average export price for butter in Norway?

In 2021, the average butter export price amounted to $5,552 per ton, shrinking by -1.6% against the previous year.

What is the average import price for butter in Norway?

The average butter import price stood at $5,691 per ton in 2021, rising by 6.5% against the previous year.

This report provides an in-depth analysis of the butter 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 886 - Butter of Cow Milk

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023