Norway: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Norway

For the fifth consecutive year, the Norwegian market for condensed or evaporated milk (sweetened) recorded growth in sales value, which increased by 0.3% to $X in 2022. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sweetened condensed and evaporated milk consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Condensed Or Evaporated Milk (Sweetened) in Norway

In value terms, sweetened condensed and evaporated milk production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 176% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Norway

In 2022, exports of condensed or evaporated milk (sweetened) from Norway was estimated at X tons, therefore, remained relatively stable against 2021 figures. In general, exports faced a sharp descent. The pace of growth was the most pronounced in 2018 with an increase of 813%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sweetened condensed and evaporated milk exports totaled $X in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 839%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X kg), the UK (X kg) and Latvia (X kg) were the main destinations of sweetened condensed and evaporated milk exports from Norway, together comprising 86% 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 the UK (with a CAGR of +65.7%), while the other leaders experienced more modest paces of growth.

It was followed by the UK, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Latvia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.2% per year) and the UK (+51.6% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price recorded prominent growth. The growth pace was the most rapid in 2014 an increase of 212%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Denmark ($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 Germany (+13.0%), while the prices for the other major destinations experienced a decline.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Norway

In 2022, overseas purchases of condensed or evaporated milk (sweetened) decreased by -17.7% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 48% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined sharply in the following year.

In value terms, sweetened condensed and evaporated milk imports contracted to $X in 2022. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2013 with an increase of 46%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of sweetened condensed and evaporated milk imports to Norway, together accounting for 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +54.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of condensed or evaporated milk (sweetened) to Norway, comprising 55% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 25% share of total imports. It was followed by France, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.0% per year) and France (+40.4% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 19%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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