Norway - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in Norway - 2023
Contents:
- Price for Sweetened Condensed and Evaporated Milk in Norway (CIF) - 2023
- Price for Sweetened Condensed and Evaporated Milk in Norway (FOB) - 2022
- Imports of Sweetened Condensed and Evaporated Milk in Norway
- Exports of Sweetened Condensed and Evaporated Milk in Norway
Price for Sweetened Condensed and Evaporated Milk in Norway (CIF) - 2023
In August 2023, the average import price for condensed or evaporated milk (sweetened) amounted to $4,571 per ton, declining by -16.1% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 25% month-to-month. As a result, import price reached the peak level of $6,024 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 ($6,498 per ton), while the price for Germany ($2,592 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 (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sweetened Condensed and Evaporated Milk in Norway (FOB) - 2022
In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $7,594 per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 212% against the previous year. As a result, the export price reached the peak level of $10,645 per ton. From 2015 to 2022, the average 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 Latvia ($20,006 per ton), while the average price for exports to Denmark ($2,047 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 Sweetened Condensed and Evaporated Milk in Norway
In 2022, supplies from abroad of condensed or evaporated milk (sweetened) decreased by -17.7% to 728 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year.
In value terms, sweetened condensed and evaporated milk imports dropped to $3.5M 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 being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16%.
| Import of Sweetened Condensed and Evaporated Milk in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,789 | 1,674 | 1,746 | 1,946 | 2.8% |
| Netherlands | 560 | 819 | 1,053 | 886 | 16.5% |
| France | 111 | 155 | 218 | 314 | 41.4% |
| Germany | 171 | 267 | 186 | 213 | 7.6% |
| Spain | 66.4 | 109 | 98.3 | 74.4 | 3.9% |
| Sweden | 258 | 336 | 384 | 22.6 | -55.6% |
| Others | 58.1 | 137 | 67.7 | 63.1 | 2.8% |
| Total | 3,013 | 3,497 | 3,754 | 3,519 | 5.3% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to Norway in 2022:
- Belgium (351.7 tons)
- Netherlands (192.9 tons)
- Germany (89.8 tons)
- France (58.9 tons)
- Spain (20.0 tons)
- Sweden (3.3 tons)
Exports of Sweetened Condensed and Evaporated Milk in Norway
In 2022, shipments abroad of condensed or evaporated milk (sweetened) decreased by 0% to 2.5 tons, falling for the second year in a row after two years of growth. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 291% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, sweetened condensed and evaporated milk exports amounted to $19K in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 103% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Sweetened Condensed and Evaporated 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 | 1.7 | 0% |
| Netherlands | N/A | 1.9 | N/A | N/A | 0% |
| Others | 0.2 | 0.3 | N/A | N/A | 50.0% |
| Total | 1.1 | 2.2 | N/A | 18.7 | 157.1% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from Norway in 2022:
- Denmark (813.0 kg)
- United Kingdom (800.0 kg)
- Latvia (500.0 kg)
- Germany (352.0 kg)
This report provides an in-depth analysis of the market for sweetened condensed and evaporated 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 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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