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

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

After two years of decline, the Norwegian market for condensed or evaporated milk (unsweetened) increased by 0.5% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Condensed Or Evaporated Milk (Unsweetened) in Norway

In value terms, unsweetened condensed and evaporated milk production contracted modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 80% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Norway

In 2021, overseas shipments of condensed or evaporated milk (unsweetened) were finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a precipitous shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports skyrocketed to $X in 2021. In general, exports, however, saw a dramatic decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Somalia (X kg) was the main destination for unsweetened condensed and evaporated milk exports from Norway, accounting for a 93% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Somalia exceeded the volume sent to the second major destination, Denmark (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Somalia was relatively modest.

In value terms, Somalia ($X) emerged as the key foreign market for condensed or evaporated milk (unsweetened) exports from Norway, comprising 97% of total exports. The second position in the ranking was taken by Denmark ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Somalia was relatively modest.

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, declining by -49.5% against the previous year. In general, the export price, however, continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 an increase of 103% against the previous year. The export price peaked at $X per ton in 2020, and then shrank rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+90.6%), while the prices for the other major destinations experienced a decline.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Norway

Unsweetened condensed and evaporated milk imports into Norway reduced sharply to X tons in 2021, shrinking by -18.3% against 2020 figures. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 76%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports reduced to $X in 2021. Over the period under review, imports saw a perceptible contraction. The growth pace was the most rapid in 2020 when imports increased by 102% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Norway, accounting for a 24% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.1% per year) and Belgium (+38.5% per year).

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) were the largest unsweetened condensed and evaporated milk suppliers to Norway, together accounting for 41% of total imports.

Among the main suppliers, Belgium, with a CAGR of +50.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, growing by 4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2019 an increase of 24%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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