Norway: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Norway

In 2020, after two years of growth, there was decline in the Norwegian market for processed cheese (excluding grated or powdered), when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2019, and then contracted modestly in the following year.

Production of Processed cheese (excluding grated or powdered) in Norway

In value terms, production of processed cheese (excluding grated or powdered) totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is likely to see gradual growth in years to come.

Exports of Processed cheese (excluding grated or powdered)

Exports from Norway

In 2020, the amount of processed cheese (excluding grated or powdered) exported from Norway surged to X tons, increasing by X% against the previous year. Over the period under review, exports, however, showed a abrupt downturn. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) soared to $X in 2020. In general, exports, however, faced a deep reduction. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Spain (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Norway, accounting for a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to Spain exceeded the volume sent to the second major destination, Denmark (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-X% per year) and the Netherlands (-X% per year).

In value terms, Spain ($X), Denmark ($X) and the Netherlands ($X) constituted the largest markets for processed cheese (excluding grated or powdered) exported from Norway worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Spain saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Denmark, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into Norway

After two years of growth, supplies from abroad of processed cheese (excluding grated or powdered) decreased by -X% to X tons in 2020. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019, and then contracted dramatically in the following year.

In value terms, imports of processed cheese (excluding grated or powdered) fell notably to $X in 2020. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2019, and then dropped sharply in the following year.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Norway, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Denmark (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Norway, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Denmark (-X% per year).

Import Prices by Country

In 2020, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price saw a mild downturn. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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