Report Update: Apr 1, 2024

Norway - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Powdered Milk Price in Norway - 2023

Powdered Milk Price in Norway (FOB) - 2022

The average powdered milk export price stood at $3,381 per ton in 2022, increasing by 30% against the previous year. Overall, the export price enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 43%. Over the period under review, the average export prices attained the maximum at $3,527 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lithuania ($3,507 per ton) and the Netherlands ($3,371 per ton), while the average price for exports to Germany ($2,432 per ton) and Singapore ($3,087 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+25.5%), while the prices for the other major destinations experienced mixed trend patterns.

Powdered Milk Price in Norway (CIF) - 2023

In September 2023, the average powdered milk import price amounted to $6,446 per ton, falling by -3.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 53% against the previous month. As a result, import price reached the peak level of $9,203 per ton. From February 2023 to September 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 Sweden ($9,390 per ton), while the price for Portugal ($4,864 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Powdered Milk Exports in Norway

In 2022, approx. 4.9K tons of powdered milk were exported from Norway; picking up by 101% against the previous year's figure. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 327% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, powdered milk exports surged to $17M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 506%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Powdered Milk in Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	4.3	1.0	4.3	13.4	46.1%
Lithuania	0.3	N/A	2.0	2.6	105.4%
Singapore	N/A	N/A	N/A	0.3	0%
Denmark	2.6	N/A	N/A	N/A	0%
Others	0.4	0.1	N/A	0.2	-20.6%
Total	7.5	1.0	6.3	16.5	30.1%

Top Export Markets for Powdered Milk from Norway in 2022:

Netherlands (3982.2 tons)
Lithuania (741.0 tons)
Singapore (99.0 tons)
Denmark (0.3 tons)

Powdered Milk Imports in Norway

In 2022, supplies from abroad of powdered milk decreased by -15.3% to 355 tons, falling for the second year in a row after two years of growth. Overall, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 136% against the previous year. As a result, imports reached the peak of 973 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, powdered milk imports dropped to $2.1M in 2022. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 103% against the previous year. As a result, imports attained the peak of $3.6M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Powdered Milk in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	402	765	670	966	33.9%
Sweden	812	667	678	483	-15.9%
Belgium	34.7	26.1	150	212	82.8%
Denmark	34.3	1,544	91.5	179	73.5%
Portugal	89.3	68.1	77.7	135	14.8%
Latvia	125	N/A	N/A	N/A	0%
Others	265	513	518	130	-21.1%
Total	1,762	3,583	2,185	2,105	6.1%

Top Suppliers of Powdered Milk to Norway in 2022:

Netherlands (155.6 tons)
Sweden (86.4 tons)
Denmark (38.8 tons)
Belgium (31.2 tons)
Portugal (25.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the powdered milk 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 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow 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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023