Norway: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Norway

In 2023, after three years of growth, there was significant decline in the Norwegian fresh beef carcase market, when its value decreased by X% to $X. In general, consumption, however, saw a perceptible increase. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Fresh Beef Carcase Production in Norway

In value terms, fresh beef carcase production contracted remarkably to $X in 2023 estimated in export price. In general, production, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, production attained the peak level of $X, and then reduced dramatically in the following year.

Fresh Beef Carcase Exports

Exports from Norway

In 2023, the amount of fresh or chilled carcases of beef and veal exported from Norway fell significantly to X kg, which is down by X% compared with the previous year's figure. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, fresh beef carcase exports dropped rapidly to $X in 2023. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Namibia (X kg), Sweden (X kg) and Finland (X kg) were the main destinations of fresh beef carcase exports from Norway, together accounting for X% of total exports.

From 2014 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Namibia ($X) and Finland ($X) appeared to be the largest markets for fresh beef carcase exported from Norway worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average fresh beef carcase export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, 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 Sweden ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced a decline.

Fresh Beef Carcase Imports

Imports into Norway

In 2023, overseas purchases of fresh or chilled carcases of beef and veal decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, fresh beef carcase imports reduced rapidly to $X in 2023. Overall, imports faced a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of fresh beef carcase to Norway, with a X% share of total imports. Moreover, fresh beef carcase imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), eightfold.

From 2012 to 2023, the average annual growth rate of volume from Germany totaled 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 ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Norway, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports.

From 2012 to 2023, 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: Denmark (X% per year) and Finland (X% per year).

Import Prices by Country

The average fresh beef carcase import price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform