Norway: Cereals Market Overview 2021

Cereals Market Size in Norway

For the third consecutive year, the Norwegian cereals market recorded decline in sales value, which decreased by -X% to $X in 2019. In general, consumption recorded a perceptible downturn. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market failed to regain the momentum.

Cereals Production in Norway

In value terms, cereals production fell slightly to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Cereals production peaked at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

The average yield of cereals in Norway contracted slightly to X tonnes per ha in 2019, waning by -X% on 2018. In general, the yield showed a noticeable decline. The most prominent rate of growth was recorded in 2014 when the yield increased by X% y-o-y. The cereals yield peaked at X tonnes per ha in 2015; however, from 2016 to 2019, 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.

The cereals harvested area in Norway fell slightly to X ha in 2019, remaining constant against the previous year's figure. Overall, the harvested area showed a mild slump. The growth pace was the most rapid in 2016 when the harvested area increased by X% year-to-year. The cereals harvested area peaked at X ha in 2007; however, from 2008 to 2019, the harvested area remained at a lower figure.

Cereals Exports

Exports from Norway

In 2019, overseas shipments of cereals decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, cereals exports totaled $X in 2019. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Faroe Islands (X tonnes), Malaysia (X tonnes) and Sweden (X tonnes) were the main destinations of cereals exports from Norway, with a combined X% share of total exports.

From 2007 to 2018, the biggest increases were in Malaysia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for cereals exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Malaysia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Faroe Islands (+X% per year).

Export Prices by Country

The average cereals export price stood at $X per tonne in 2018, dropping by -X% against the previous year. In general, the export price, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2018, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2018, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Faroe Islands ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced a decline.

Cereals Imports

Imports into Norway

In 2019, purchases abroad of cereals increased by X% to X tonnes, rising for the second year in a row after four years of decline. Overall, total imports indicated a moderate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, cereals imports rose to $X in 2019. In general, imports enjoyed moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

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

From 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Sweden ($X) appeared to be the largest cereals suppliers to Norway, together accounting for X% of total imports.

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

Import Prices by Country

The average cereals import price stood at $X per tonne in 2018, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Kazakhstan ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cereals in the world?

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The countries with the highest volumes of cereals consumption in 2019 were China (645M tonnes), the U.S. (405M tonnes) and India (324M tonnes), together comprising 45% of global consumption. Indonesia, Brazil, Bangladesh, Viet Nam, Russia, Mexico and Egypt lagged somewhat behind, together comprising a further 16%.

What are the largest producers of cereals in the world?

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The countries with the highest volumes of cereals production in 2019 were China (628M tonnes), the U.S. (473M tonnes) and India (324M tonnes), together accounting for 47% of global production. Indonesia, Russia, Brazil, Ukraine, Argentina, France, Bangladesh, Canada and Viet Nam lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of cereals to Norway?

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In value terms, the largest cereals suppliers to Norway were Poland ($32M), Germany ($29M) and Sweden ($25M), together accounting for 51% of total imports.

What are the leading importers of cereals from Norway?

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In value terms, Malaysia ($104K) emerged as the key foreign market for cereals exports from Norway, comprising 20% of total exports. The second position in the ranking was occupied by Sweden ($49K), with a 9.5% share of total exports.

What is the average export price for cereals in Norway?

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In 2018, the average cereals export price amounted to $402 per tonne, declining by -22.3% against the previous year.

What is the average import price for cereals in Norway?

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The average cereals import price stood at $263 per tonne in 2018, picking up by 7.5% against the previous year.