Norway: Cereal Market 2024

Cereal Market Size in Norway

The Norwegian cereal market was estimated at $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cereal Production in Norway

In value terms, cereal production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Cereal production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of cereals in Norway rose notably to X tons per ha, growing by X% on the year before. Overall, the yield indicated modest growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal yield decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the yield increased by X% against the previous year. The cereal yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereals were harvested in Norway; remaining constant against 2021. In general, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by X%. The cereal harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Cereal Exports

Exports from Norway

In 2022, after three years of decline, there was significant growth in overseas shipments of cereals, when their volume increased by X% to X tons. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cereal exports rose significantly to $X in 2022. Over the period under review, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for cereal exports from Norway, accounting for a X% share of total exports. Moreover, cereal exports to Sweden exceeded the volume sent to the second major destination, Iceland (X tons), tenfold. Finland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Finland (X% per year).

In value terms, Sweden ($X) remains the key foreign market for cereals exports from Norway, comprising X% of total exports. The second position in the ranking was held by Iceland ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Sweden ($X 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 Nigeria (X%), while the prices for the other major destinations experienced a decline.

Cereal Imports

Imports into Norway

In 2022, purchases abroad of cereals increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cereal imports soared to $X in 2022. Over the period under review, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of cereal imports to Norway, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal suppliers to Norway were Poland ($X), Germany ($X) and Sweden ($X), with a combined X% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 France ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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