Norway - Cheese - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Norway - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Cheese Price in Norway - 2023

Contents:

  1. Cheese Price in Norway (CIF) - 2023
  2. Cheese Price in Norway (FOB) - 2022
  3. Cheese Imports in Norway
  4. Cheese Exports in Norway

Cheese Price in Norway (CIF) - 2023

The average cheese import price stood at $8,159 per ton in August 2023, waning by -3.4% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 8.6% against the previous month. As a result, import price reached the peak level of $8,523 per ton. From March 2023 to August 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($10,476 per ton), while the price for Poland ($3,927 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ireland (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Cheese Price in Norway (FOB) - 2022

The average cheese export price stood at $5,531 per ton in 2022, dropping by -15.2% against the previous year. Overall, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 8%. Over the period under review, the average export prices attained the maximum at $7,162 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($7,484 per ton), while the average price for exports to Denmark ($4,157 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 Imports in Norway

In 2022, after three years of growth, there was decline in supplies from abroad of cheese, when their volume decreased by -2.4% to 19K tons. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of 20K tons, and then reduced modestly in the following year.

In value terms, cheese imports fell to $145M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports attained the peak of $153M, and then reduced in the following year.

Import of Cheese in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Denmark38.041.950.246.16.7%
Italy22.727.333.235.616.2%
France20.419.122.621.21.3%
Germany11.812.012.312.41.7%
Netherlands5.05.66.58.117.4%
Ireland0.90.22.73.354.2%
Sweden1.42.83.33.130.3%
United Kingdom2.83.02.52.2-7.7%
Others13.416.619.613.1-0.8%
Total1161291531457.7%

Top Suppliers of Cheese to Norway in 2022:

  1. Denmark (5.5K tons)
  2. Italy (4.7K tons)
  3. Germany (3.1K tons)
  4. France (2.3K tons)
  5. Netherlands (1.1K tons)
  6. Ireland (0.6K tons)
  7. Sweden (0.3K tons)
  8. United Kingdom (0.2K tons)

Cheese Exports in Norway

In 2022, after two years of decline, there was significant growth in overseas shipments of cheese, when their volume increased by 29% to 6K tons. Overall, exports, however, saw a abrupt contraction.

In value terms, cheese exports rose remarkably to $33M in 2022. Over the period under review, exports, however, faced a deep slump.

Export of Cheese in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States35.726.717.113.1-28.4%
Sweden5.03.13.610.728.9%
Germany3.93.73.63.0-8.4%
Denmark0.40.60.52.891.3%
Canada4.03.00.71.3-31.2%
Australia7.46.31.20.5-59.3%
United Kingdom4.23.52.10.4-54.3%
Others0.70.81.61.322.9%
Total61.347.630.333.2-18.5%

Top Export Markets for Cheese from Norway in 2022:

  1. Sweden (2255.6 tons)
  2. United States (2096.9 tons)
  3. Denmark (678.3 tons)
  4. Germany (446.6 tons)
  5. Canada (180.7 tons)
  6. Australia (98.0 tons)
  7. United Kingdom (54.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cheese market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 901 - Cheese from Whole Cow Milk
  • FCL 904 - Cheese from Skimmed Cow Milk
  • FCL 905 - Whey Cheese
  • FCL 907 - Processed Cheese
  • FCL 955 - Cheese of Buffalo Milk
  • FCL 984 - Cheese of Sheep Milk
  • FCL 1021 - Cheese of Goat Milk

Country coverage:

  • Norway

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Norway
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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