Norway: Cereals Market Overview 2021

Cereals Market Size in Norway

The Norwegian cereals market contracted to $X in 2020, waning by -X% against the previous year. Over the period under review, consumption saw a perceptible decline. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. Cereals consumption peaked at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Cereals Production in Norway

In value terms, cereals production fell sharply to $X in 2020 estimated in export prices. Over the period under review, production saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by X% year-to-year. Cereals production peaked at $X in 2010; however, from 2011 to 2020, production failed to regain the momentum.

The average yield of cereals in Norway surged to X tonnes per ha in 2020, growing by X% against the year before. Overall, the yield indicated a tangible increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cereals yield increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the average cereals yield hit record highs in 2020 and is likely to see steady growth in years to come. 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 contracted rapidly to X ha in 2020, waning by -X% compared with 2019 figures. In general, the harvested area showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cereals production reached the maximum at X ha in 2007; however, from 2008 to 2020, the harvested area failed to regain the momentum.

Cereals Exports

Exports from Norway

In 2020, the amount of cereals exported from Norway soared to X tonnes, growing by X% compared with 2019 figures. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, cereals exports skyrocketed to $X in 2020. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tonnes) was the main destination for cereals exports from Norway, with a X% share of total exports. Moreover, cereals exports to Sweden exceeded the volume sent to the second major destination, Finland (X tonnes), sevenfold. The third position in this ranking was occupied by Denmark (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Sweden amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Denmark (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Sweden amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Denmark (+X% per year).

Export Prices by Country

In 2020, the average cereals export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price showed a noticeable reduction. The pace of growth appeared the most rapid in 2019 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Denmark, while the prices for the other major destinations experienced a decline.

Cereals Imports

Imports into Norway

Cereals imports into Norway fell markedly to X tonnes in 2020, dropping by -X% compared with the previous year's figure. In general, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, cereals imports declined dramatically to $X in 2020. Overall, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

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

From 2007 to 2020, 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, the largest cereals suppliers to Norway were Poland ($X), Germany ($X) and Sweden ($X), with a combined X% share of total imports.

Among the main suppliers, Poland saw 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

In 2020, the average cereals import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from France ($X per tonne) and Denmark ($X per tonne), while the price for Poland ($X per tonne) and Russia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Finland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform