Norway - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sunflower-Seed and Safflower Oil in Norway - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Norway (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Norway (FOB) - 2022
- Imports of Sunflower-Seed and Safflower Oil in Norway
- Exports of Sunflower-Seed and Safflower Oil in Norway
Price for Sunflower-Seed and Safflower Oil in Norway (CIF) - 2023
In September 2023, the average sunflower-seed and safflower oil import price amounted to $1,872 per ton, waning by -3.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 14% against the previous month. As a result, import price attained the peak level of $2,528 per ton. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,455 per ton), while the price for Estonia ($1,463 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Sunflower-Seed and Safflower Oil in Norway (FOB) - 2022
In 2022, the average sunflower-seed and safflower oil export price amounted to $1,255 per ton, rising by 33% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 83% against the previous year. As a result, the export price attained the peak level of $2,945 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($2,753 per ton), while the average price for exports to Poland ($881 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 Sweden (-0.7%), while the prices for the other major destinations experienced a decline.
Imports of Sunflower-Seed and Safflower Oil in Norway
In 2022, the amount of sunflower-seed and safflower oil imported into Norway rose to 10K tons, growing by 4.9% against the previous year's figure. The total import volume increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sunflower-seed and safflower oil imports soared to $21M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sunflower-Seed and Safflower Oil in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.5 | 3.2 | 2.7 | 4.9 | 25.1% |
| Sweden | 1.6 | 1.8 | 3.7 | 4.3 | 39.0% |
| Poland | 0.4 | 0.4 | 1.1 | 2.8 | 91.3% |
| Ukraine | 0.6 | 1.1 | 1.0 | 1.9 | 46.8% |
| Germany | 1.9 | 3.1 | 2.1 | 1.8 | -1.8% |
| Hungary | 0.7 | 0.8 | 1.1 | 1.6 | 31.7% |
| Estonia | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Belgium | 1.9 | 1.5 | 0.9 | 0.5 | -35.9% |
| Taiwan (Chinese) | 0.9 | 0.9 | 1.7 | 0.4 | -23.7% |
| Others | 1.4 | 0.8 | 1.3 | 2.1 | 14.5% |
| Total | 11.9 | 13.7 | 16.0 | 20.8 | 20.5% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Norway in 2022:
- Netherlands (2.7K tons)
- Sweden (1.9K tons)
- Poland (1.5K tons)
- Ukraine (1.0K tons)
- Germany (0.9K tons)
- Hungary (0.7K tons)
- Estonia (0.3K tons)
- Taiwan (Chinese) (0.3K tons)
- Belgium (0.2K tons)
Exports of Sunflower-Seed and Safflower Oil in Norway
In 2022, after two years of decline, there was significant decline in shipments abroad of sunflower-seed and safflower oil, when their volume decreased by -30.7% to 30 tons. Over the period under review, exports continue to indicate a dramatic decline.
In value terms, sunflower-seed and safflower oil exports declined to $38K in 2022. In general, exports saw a sharp decline.
| Export of Sunflower-Seed and Safflower Oil in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | 41.2 | 20.6 | -50.0% |
| Canada | N/A | N/A | N/A | 11.5 | 0% |
| Netherlands | 84.1 | N/A | N/A | N/A | 0% |
| Others | 0.5 | N/A | N/A | 5.8 | 126.4% |
| Total | 84.6 | N/A | 41.2 | 37.9 | -23.5% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Norway in 2022:
- Poland (23.4 tons)
- Canada (6.4 tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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