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Finland - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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Finland: Refined Soybean Oil Market Overview 2021

Refined Soybean Oil Market Size in Finland

In 2019, the Finnish refined soybean oil market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market failed to regain the momentum.

Refined Soybean Oil Production in Finland

In value terms, refined soybean oil production skyrocketed to $X in 2019 estimated in export prices. Over the period under review, production showed a significant increase. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

Refined Soybean Oil Exports

Exports from Finland

In 2019, approx. X tonnes of refined soybean oil and its fractions were exported from Finland; picking up by X% against 2018. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

In value terms, refined soybean oil exports soared to $X in 2019. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The UK (X tonnes) was the main destination for refined soybean oil exports from Finland, accounting for a X% share of total exports. Moreover, refined soybean oil exports to the UK exceeded the volume sent to the second major destination, Sweden (X kg), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the largest markets for refined soybean oil exported from Finland were the UK ($X) and Sweden ($X), together comprising X% of total exports.

Among the main countries of destination, the UK saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average refined soybean oil export price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, export price indicated a pronounced expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2018, and then fell markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Sweden ($X per tonne), while the average price for exports to the UK stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden.

Refined Soybean Oil Imports

Imports into Finland

In 2019, overseas purchases of refined soybean oil and its fractions decreased by -X% to X tonnes, falling for the seventh year in a row after two years of growth. In general, imports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, refined soybean oil imports shrank notably to $X in 2019. Over the period under review, imports showed a dramatic setback. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the UK (X tonnes) constituted the largest refined soybean oil supplier to Finland, accounting for a X% share of total imports. Moreover, refined soybean oil imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fourfold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the UK totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Germany (-X% per year).

In value terms, the UK ($X) constituted the largest supplier of refined soybean oil to Finland, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the UK totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Germany (-X% per year).

Import Prices by Country

The average refined soybean oil import price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, import price indicated a modest expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, refined soybean oil import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2009; however, from 2010 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the world?
+
China (1.8M tonnes) remains the largest refined soybean oil consuming country worldwide, comprising approx. 16% of total volume. Moreover, refined soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (808K tonnes), twofold. India (734K tonnes) ranked third in terms of total consumption with a 6.6% share.
What are the largest producers of refined soybean oil and its fractions in the world?
+
China (2M tonnes) constituted the country with the largest volume of refined soybean oil production, accounting for 17% of total volume. Moreover, refined soybean oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (806K tonnes), twofold. India (723K tonnes) ranked third in terms of total production with a 6.4% share.
What are the leading suppliers of refined soybean oil and its fractions to Finland?
+
In value terms, the UK ($36K) constituted the largest supplier of refined soybean oil to Finland, comprising 59% of total imports. The second position in the ranking was occupied by the Netherlands ($17K), with a 28% share of total imports. It was followed by Germany, with a 9% share.
What are the leading importers of refined soybean oil and its fractions from Finland?
+
In value terms, the UK ($1.4K) and Sweden ($966) were the largest markets for refined soybean oil exported from Finland worldwide, with a combined 98% share of total exports.
What is the average export price for refined soybean oil and its fractions in Finland?
+
In 2019, the average refined soybean oil export price amounted to $1,477 per tonne, with a decrease of -20.2% against the previous year.
What is the average import price for refined soybean oil and its fractions in Finland?
+
The average refined soybean oil import price stood at $1,151 per tonne in 2019, growing by 8.9% against the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined soybean oil market in Finland. 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 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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