Norway: Milk Market 2024

Milk Market Size in Norway

The Norwegian milk market dropped to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Milk consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Milk Production in Norway

In value terms, milk production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Milk Exports

Exports from Norway

In 2022, approx. X tons of milk were exported from Norway; which is down by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, milk exports fell markedly to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for milk exports from Norway, with a X% share of total exports. It was followed by Sweden (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%.

In value terms, Germany ($X) remains the key foreign market for milk exports from Norway, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%.

Export Prices by Country

The average milk export price stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 Germany stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%).

Milk Imports

Imports into Norway

In 2022, after two years of decline, there was significant growth in overseas purchases of milk, when their volume increased by X% to X tons. Overall, imports saw a pronounced expansion. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, milk imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of milk to Norway, accounting for a X% share of total imports. Moreover, milk imports from Denmark exceeded the figures recorded by the second-largest supplier, Estonia (X tons), fourfold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Sweden (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of milk to Norway, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Estonia (X% per year).

Import Prices by Country

In 2022, the average milk import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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