Norway: Grain Market 2024

Grain Market Size in Norway

The Norwegian grain market expanded markedly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a mild contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Grain Production in Norway

In value terms, grain production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Grain production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of cereal grains in Norway expanded remarkably to X tons per ha in 2022, with an increase of X% against the year before. Overall, the yield indicated a modest increase 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, grain yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. The grain 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, the grain harvested area in Norway shrank modestly to X ha, therefore, remained relatively stable against 2021. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Grain Exports

Exports from Norway

In 2022, after three years of decline, there was significant growth in shipments abroad of cereal grains, when their volume increased by X% to X tons. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports expanded rapidly to $X in 2022. Over the period under review, exports enjoyed notable growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked 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 grain exports from Norway, accounting for a X% share of total exports. Moreover, grain exports to Sweden exceeded the volume sent to the second major destination, Iceland (X tons), tenfold. The third position in this ranking was taken by Finland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled 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 ($X) remains the key foreign market for cereal grains exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Iceland ($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 totaled 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 grain export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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.

Grain Imports

Imports into Norway

In 2022, supplies from abroad of cereal grains increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, grain imports skyrocketed to $X in 2022. Overall, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

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

Poland, with a CAGR of X%, saw the highest growth rate of 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 grain import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated a modest 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, grain import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: 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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