Norway: Meat And Poultry Market 2024

Meat And Poultry Market Size in Norway

The Norwegian meat and poultry market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Meat And Poultry Production in Norway

In value terms, meat and poultry production shrank slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average yield of meat and poultry in Norway expanded modestly to X kg per head, surging by X% on the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. The meat and poultry yield peaked at X kg per head in 2018; however, from 2019 to 2022, the yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for meat and poultry production in Norway; waning by X% against the previous year. Over the period under review, the number of producing animals, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the peak level at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

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Meat And Poultry Exports

Exports from Norway

For the third year in a row, Norway recorded decline in overseas shipments of meat and poultry, which decreased by X% to X tons in 2022. Over the period under review, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, meat and poultry exports dropped to $X in 2022. In general, total exports indicated a pronounced expansion from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Denmark (X tons) was the main destination for meat and poultry exports from Norway, accounting for a X% share of total exports. Moreover, meat and poultry exports to Denmark exceeded the volume sent to the second major destination, Spain (X tons), fivefold. Sweden (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 Denmark amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Sweden (X% per year).

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

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

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, flattening at the previous year. Over the period under review, export price indicated prominent growth 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, meat and poultry export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Oman ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Norway

In 2022, after three years of growth, there was significant decline in purchases abroad of meat and poultry, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, meat and poultry imports contracted remarkably to $X in 2022. Overall, imports recorded a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of meat and poultry to Norway, with a X% share of total imports. Moreover, meat and poultry imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fivefold. Finland (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Finland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of meat and poultry to Norway, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports. It was followed by Uruguay, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and Uruguay (X% per year).

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a mild reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 New Zealand ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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