Report Update: May 1, 2024

Norway - Evaporated And Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Price for Evaporated and Condensed Milk in Norway - 2023

Price for Evaporated and Condensed Milk in Norway (CIF) - 2023

In August 2023, the average evaporated and condensed milk import price amounted to $4,575 per ton, dropping by -14.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 29% m-o-m. As a result, import price attained the peak level of $6,023 per ton. From May 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 Belgium ($6,461 per ton), while the price for Germany ($2,656 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 the Netherlands (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Evaporated and Condensed Milk in Norway (FOB) - 2022

The average evaporated and condensed milk export price stood at $7,396 per ton in 2022, surging by 39% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 202% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($20,006 per ton), while the average price for exports to Denmark ($1,980 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 Germany (+13.0%), while the prices for the other major destinations experienced a decline.

Imports of Evaporated and Condensed Milk in Norway

After three years of growth, supplies from abroad of evaporated and condensed milk decreased by -18.5% to 773 tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 19%.

In value terms, evaporated and condensed milk imports shrank to $3.7M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year.

Import of Evaporated and Condensed Milk in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	1,793	1,697	1,764	1,965	3.1%
Netherlands	612	890	1,100	927	14.8%
France	119	166	225	314	38.2%
Germany	181	304	210	239	9.7%
Spain	66.4	109	98.3	75.4	4.3%
Lithuania	6.2	13.0	17.3	55.1	107.1%
Sweden	263	351	386	23.0	-55.6%
Others	96.6	218	168	67.4	-11.3%
Total	3,137	3,749	3,969	3,665	5.3%

Top Suppliers of Evaporated and Condensed Milk to Norway in 2022:

Belgium (355.0 tons)
Netherlands (204.2 tons)
Germany (96.6 tons)
France (58.9 tons)
Lithuania (21.8 tons)
Spain (20.2 tons)
Sweden (3.4 tons)

Exports of Evaporated and Condensed Milk in Norway

Evaporated and condensed milk exports from Norway soared to 2.5 tons in 2022, increasing by 1,718% on the previous year. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, evaporated and condensed milk exports surged to $19K in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Evaporated and Condensed Milk in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	N/A	N/A	N/A	10.0	0%
Germany	0.9	N/A	N/A	3.6	58.7%
United Kingdom	N/A	N/A	N/A	3.5	0%
Denmark	N/A	N/A	N/A	1.8	0%
Somalia	N/A	N/A	0.7	N/A	0%
Netherlands	N/A	1.9	N/A	N/A	0%
Others	0.2	0.3	N/A	N/A	50.0%
Total	1.2	2.3	0.7	18.8	150.2%

Top Export Markets for Evaporated and Condensed Milk from Norway in 2022:

Denmark (893.0 kg)
United Kingdom (800.0 kg)
Latvia (500.0 kg)
Germany (352.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for evaporated and condensed milk 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 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

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