Norway: Butter Market 2025

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) :