Norway - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

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

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Price for Powdered, Evaporated and Condensed Milk in Norway - 2023

Contents:

  1. Price for Powdered, Evaporated and Condensed Milk in Norway (FOB) - 2022
  2. Price for Powdered, Evaporated and Condensed Milk in Norway (CIF) - 2022
  3. Exports of Powdered, Evaporated and Condensed Milk in Norway
  4. Imports of Powdered, Evaporated and Condensed Milk in Norway

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

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $3,383 per ton, picking up by 30% against the previous year. In general, the export price posted a measured expansion. The growth pace was the most rapid in 2016 when the average export price increased by 44%. The export price peaked at $3,527 per ton in 2013; however, from 2014 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 Germany ($5,820 per ton), while the average price for exports to Denmark ($2,104 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 Lithuania (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Powdered, Evaporated and Condensed Milk in Norway (CIF) - 2022

The average import price for powdered, evaporated and condensed milk stood at $5,115 per ton in 2022, rising by 12% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18%. The import price peaked at $5,945 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($6,755 per ton), while the price for Germany ($2,648 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Powdered, Evaporated and Condensed Milk in Norway

Powdered, evaporated and condensed milk exports from Norway skyrocketed to 4.9K tons in 2022, picking up by 101% compared with 2021. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 326%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, powdered, evaporated and condensed milk exports skyrocketed to $17M in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 505% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Powdered, Evaporated and Condensed Milk in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands4.31.04.313.446.1%
Lithuania0.3N/A2.02.6105.4%
SingaporeN/AN/AN/A0.30%
Denmark2.6N/AN/AN/A0%
Others0.40.1N/A0.2-20.6%
Total7.51.06.416.530.1%

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

  1. Netherlands (3982.2 tons)
  2. Lithuania (741.0 tons)
  3. Singapore (99.0 tons)
  4. Denmark (1.2 tons)

Imports of Powdered, Evaporated and Condensed Milk in Norway

In 2022, purchases abroad of powdered, evaporated and condensed milk decreased by -16.3% to 1.1K tons, falling for the second year in a row after two years of growth. In general, imports recorded a mild downturn. The growth pace was the most rapid in 2020 with an increase of 60%. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk imports declined to $5.8M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year. As a result, imports reached the peak of $7.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Powdered, Evaporated and Condensed Milk in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium1,8281,7241,9142,1766.0%
Netherlands1,0141,6551,7701,89423.2%
Sweden1,0751,0181,064506-22.2%
France14819125834933.1%
Germany2183813122687.1%
Denmark46.11,55310821466.8%
Portugal89.368.177.713615.1%
Others481742648227-22.1%
Total4,9007,3326,1535,7715.6%

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

  1. Belgium (386.2 tons)
  2. Netherlands (359.8 tons)
  3. Germany (101.1 tons)
  4. Sweden (89.8 tons)
  5. France (63.4 tons)
  6. Denmark (42.8 tons)
  7. Portugal (26.0 tons)

Source: IndexBox Market Intelligence Platform

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

  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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