Norway: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Norway

In 2022, the Norwegian casein and caseinates market decreased by -5.5% to $X, falling for the third year in a row after four years of growth. Overall, consumption showed a mild shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Casein And Caseinates Production in Norway

In value terms, casein and caseinates production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from Norway

Casein and caseinates exports from Norway soared to X tons in 2022, jumping by 5,435% against 2021 figures. In general, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, casein and caseinates exports surged to $X in 2022. Over the period under review, exports, however, saw a noticeable reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for casein and caseinates exports from Norway, accounting for a 91% share of total exports. Moreover, casein and caseinates exports to the UK exceeded the volume sent to the second major destination, Ireland (X kg), more than tenfold. The third position in this ranking was taken by the United States (X kg), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +104.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+12.5% per year) and the United States (+7.2% per year).

In value terms, the UK ($X) emerged as the key foreign market for casein and caseinates exports from Norway, comprising 61% of total exports. The second position in the ranking was held by Ireland ($X), with a 21% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+9.6% per year) and the United States (+2.4% per year).

Export Prices by Country

In 2022, the average casein and caseinates export price amounted to $X per ton, reducing by -72.7% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 138%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.

Casein And Caseinates Imports

Imports into Norway

Casein and caseinates imports into Norway reduced dramatically to X tons in 2022, with a decrease of -71.7% compared with the previous year's figure. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 82% 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, casein and caseinates imports dropped markedly to $X in 2022. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 74% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of casein and caseinates to Norway, with a 88% share of total imports. Moreover, casein and caseinates imports from Ireland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland stood at -17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+87.0% per year) and France (+33.7% per year).

In value terms, Ireland ($X) constituted the largest supplier of casein and caseinates to Norway, comprising 81% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland stood at -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+65.7% per year) and France (+44.9% per year).

Import Prices by Country

In 2022, the average casein and caseinates import price amounted to $X per ton, jumping by 60% against the previous year. Overall, the import price recorded notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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