Norway: Cheese And Curd Market 2024

Cheese And Curd Market Size in Norway

In 2022, after two years of growth, there was decline in the Norwegian cheese and curd market, when its value decreased by -1.9% to $X. In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the market value increased by 6% against the previous year. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Cheese And Curd Production in Norway

In value terms, cheese and curd production totaled $X in 2022 estimated in export price. In general, production recorded a mild reduction. The growth pace was the most rapid in 2014 with an increase of 3.9%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Cheese And Curd Exports

Exports from Norway

In 2022, shipments abroad of cheese and curd was finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a abrupt slump. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese and curd exports expanded markedly to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), the United States (X tons) and Denmark (X tons) were the main destinations of cheese and curd exports from Norway, together accounting for 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +23.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Sweden ($X) and Germany ($X) constituted the largest markets for cheese and curd exported from Norway worldwide, together comprising 81% of total exports. Denmark, Canada, Australia and the UK lagged somewhat behind, together comprising a further 15%.

Denmark, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, which is down by -15.4% against the previous year. Overall, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 an increase of 8% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Denmark ($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 the UK (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Norway

In 2022, after ten years of growth, there was decline in supplies from abroad of cheese and curd, when their volume decreased by -2.4% to X tons. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, imports reached the peak of X tons, and then reduced modestly in the following year.

In value terms, cheese and curd imports shrank modestly to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

Denmark (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of cheese and curd imports to Norway, together comprising 69% of total imports. France, the Netherlands, Ireland, Sweden and the UK lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +78.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Italy ($X) and France ($X) were the largest cheese and curd suppliers to Norway, with a combined 71% share of total imports. Germany, the Netherlands, Ireland, Sweden and the UK lagged somewhat behind, together comprising a further 20%.

Ireland, with a CAGR of +71.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, reducing by -2.7% against the previous year. Overall, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 6.2% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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