Key Market Indicators
Sales of Norwegian dairy products are projected to decline to approximately €1.74 billion by 2028, down from €2.18 billion in 2023. This represents a year-on-year average decrease of 3.7%. The Norwegian dairy market has been shrinking at an annual rate of 3.6% since 2013. In 2023, Norway ranked 15th in dairy product sales, with Finland surpassing it at €2.18 billion. Germany, Italy, and the Netherlands occupied the second, third, and fourth spots, respectively. On the production front, Norwegian dairy products are expected to reach about €2.77 billion by 2028, up from €2.62 billion in 2023. This indicates a compound annual growth rate (CAGR) of 0.9%. Since 2013, Norwegian dairy supply has seen a modest annual increase of 0.4%. In 2023, Norway ranked 12th in dairy product production, with Austria leading slightly ahead at €2.62 billion. Germany, Italy, and the Netherlands also held the second, third, and fourth positions in this category.
