Price for Butter and Other Fats and Oils Derived from Milk in Norway - 2024
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Norway (FOB) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Norway (CIF) - 2024
- Exports of Butter and Other Fats and Oils Derived from Milk in Norway
- Imports of Butter and Other Fats and Oils Derived from Milk in Norway
Price for Butter and Other Fats and Oils Derived from Milk in Norway (FOB) - 2022
The average export price for butter and other fats and oils derived from milk stood at $5,912 per ton in 2022, which is down by -23.2% against the previous year. In general, the export price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 an increase of 76% against the previous year. The export price peaked at $11,898 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Sweden ($8,086 per ton) and Denmark ($6,592 per ton), while the average price for exports to the Netherlands ($5,404 per ton) and Georgia ($5,465 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 Belgium (+45.2%), while the prices for the other major destinations experienced a decline.
Price for Butter and Other Fats and Oils Derived from Milk in Norway (CIF) - 2024
The average import price for butter and other fats and oils derived from milk stood at $7,949 per ton in December 2023, surging by 4.9% against the previous month. Overall, the import price, however, showed a slight slump. The pace of growth appeared the most rapid in September 2023 an increase of 22% m-o-m. As a result, import price reached the peak level of $10,233 per ton. From October 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Netherlands ($12,748 per ton), while the price for Denmark ($5,713 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Butter and Other Fats and Oils Derived from Milk in Norway
In 2022, the amount of butter and other fats and oils derived from milk exported from Norway skyrocketed to 1K tons, jumping by 78,001% against the previous year's figure. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of butter and other fats and oils derived from milk surged to $6.1M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Butter and Other Fats and Oils Derived from Milk in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 57.8 | N/A | 2,549 | 564.1% |
| Georgia | N/A | N/A | N/A | 1,771 | 0% |
| Sweden | 134 | 45.2 | N/A | 1,231 | 109.4% |
| Denmark | 0.4 | N/A | 1.7 | 499 | 976.5% |
| Others | 8.0 | 5.6 | 8.4 | 2.9 | -28.7% |
| Total | 143 | 109 | 10.1 | 6,053 | 248.5% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Norway in 2022:
- Netherlands (471.6 tons)
- Georgia (324.0 tons)
- Sweden (152.3 tons)
- Denmark (75.7 tons)
Imports of Butter and Other Fats and Oils Derived from Milk in Norway
In 2022, after three years of growth, there was significant decline in supplies from abroad of butter and other fats and oils derived from milk, when their volume decreased by -60.1% to 241 tons. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 54%.
In value terms, imports of butter and other fats and oils derived from milk shrank significantly to $1.6M in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year.
| Import of Butter and Other Fats and Oils Derived from Milk in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 564 | 365 | 579 | 629 | 3.7% |
| United Kingdom | 315 | 329 | 555 | 368 | 5.3% |
| Netherlands | 165 | 455 | 798 | 315 | 24.1% |
| France | 109 | 130 | 147 | 172 | 16.4% |
| Poland | 1.9 | 15.9 | 43.2 | 49.3 | 196.0% |
| Germany | 301 | 60.0 | 141 | 31.2 | -53.0% |
| Estonia | 125 | 559 | 741 | 13.8 | -52.0% |
| New Zealand | 344 | N/A | N/A | N/A | 0% |
| Belgium | 261 | 104 | 0.5 | N/A | -95.6% |
| Ireland | N/A | 961 | 480 | N/A | -50.1% |
| Others | 157 | 98.4 | 120 | 59.3 | -27.7% |
| Total | 2,344 | 3,077 | 3,605 | 1,637 | -11.3% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Norway in 2022:
- Denmark (105.3 tons)
- Netherlands (58.0 tons)
- United Kingdom (42.7 tons)
- France (18.1 tons)
- Germany (5.3 tons)
- Poland (4.7 tons)
- Estonia (1.8 tons)
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This report provides an in-depth analysis of the butter and ghee market in Norway.
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This report provides an in-depth analysis of the ghee market in Norway.
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This report provides an in-depth analysis of the butter market in Norway.
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This report provides an in-depth analysis of the dairy produce market in Norway.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Norway.
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This report provides an in-depth analysis of the dairy spread market in Norway.
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This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global dairy produce market.
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
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The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
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New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
2015
The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
