Norway - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Norway - 2023
Contents:
- Refined Maize Oil Price in Norway (CIF) - 2022
- Refined Maize Oil Price in Norway (FOB) - 2022
- Refined Maize Oil Imports in Norway
- Refined Maize Oil Exports in Norway
Refined Maize Oil Price in Norway (CIF) - 2022
The average refined maize oil import price stood at $2,445 per ton in 2022, surging by 19% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined maize oil import price increased by +79.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 25%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Greece ($3,460 per ton), while the price for Italy ($1,956 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+57.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Price in Norway (FOB) - 2022
In 2022, the average refined maize oil export price amounted to $2,480 per ton, surging by 111% against the previous year. Over the period under review, the export price showed a modest expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Eritrea.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -3.2% per year.
Refined Maize Oil Imports in Norway
In 2022, supplies from abroad of refined maize (corn) oil was finally on the rise to reach 156 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep setback.
In value terms, refined maize oil imports skyrocketed to $383K in 2022. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Refined Maize Oil in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 52.1 | 48.3 | 33.1 | 116 | 30.6% |
United Kingdom | 29.6 | 37.2 | 23.2 | 56.2 | 23.8% |
Netherlands | 25.5 | 29.4 | 12.0 | 55.4 | 29.5% |
Estonia | 3.9 | 12.3 | 4.4 | 46.8 | 128.9% |
Greece | N/A | N/A | 5.4 | 39.8 | 637.0% |
Spain | 3.5 | 7.1 | 13.5 | 34.3 | 114.0% |
Italy | 11.2 | 17.4 | 9.2 | 33.7 | 44.4% |
Belgium | 11.8 | 48.0 | 34.7 | N/A | 71.5% |
France | 3.8 | 3.8 | 2.2 | N/A | -23.9% |
Others | 127 | 97.5 | 40.7 | 0.9 | -80.8% |
Total | 268 | 301 | 178 | 383 | 12.6% |
Top Suppliers of Refined Maize Oil to Norway in 2022:
- Turkey (50.5 tons)
- United Kingdom (23.9 tons)
- Netherlands (21.7 tons)
- Estonia (17.8 tons)
- Italy (17.2 tons)
- Spain (13.9 tons)
- Greece (11.5 tons)
Refined Maize Oil Exports in Norway
Refined maize oil exports from Norway reduced remarkably to 50 kg in 2022, dropping by -98.4% against the previous year. Over the period under review, exports recorded a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 5.9% against the previous year.
In value terms, refined maize oil exports dropped rapidly to $124 in 2022. Overall, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 1.5% against the previous year.
Export of Refined Maize Oil in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Eritrea | N/A | N/A | N/A | 0.1 | 0% |
Italy | 0.8 | N/A | N/A | N/A | 0% |
Sweden | 1.1 | 3.7 | 3.7 | N/A | 83.4% |
Others | 5.4 | N/A | N/A | N/A | 0% |
Total | 7.3 | 3.7 | 3.7 | 0.1 | -76.1% |
Top Export Markets for Refined Maize Oil from Norway in 2022:
- Eritrea (50.0 kg)
This report provides an in-depth analysis of the refined maize oil market 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:
- Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
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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