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Norway - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Norway: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Norway

In 2019, the Norwegian crude soybean oil market decreased by -X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Crude Soybean Oil Production in Norway

In value terms, crude soybean oil production expanded sharply to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Crude Soybean Oil Exports

Exports from Norway

After two years of decline, overseas shipments of crude soybean oil increased by X% to X tonnes in 2019. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, exports hit record highs at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, crude soybean oil exports rose significantly to $X in 2019. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

Sweden (X tonnes), Denmark (X tonnes) and the Netherlands (X tonnes) were the main destinations of crude soybean oil exports from Norway, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in the Netherlands, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude soybean oil exported from Norway were Sweden ($X), Denmark ($X) and the Netherlands ($X), together accounting for X% of total exports.

The Netherlands saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average crude soybean oil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2019, the highest prices were recorded for prices to France ($X per tonne) and the UK ($X per tonne), while the average price for exports to Sweden ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced a decline.

Crude Soybean Oil Imports

Imports into Norway

In 2019, the amount of crude soybean oil imported into Norway skyrocketed to X tonnes, growing by X% compared with the previous year's figure. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, crude soybean oil imports skyrocketed to $X in 2019. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Russia (X tonnes) was the main crude soybean oil supplier to Norway, accounting for a approx. X% share of total imports.

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

In value terms, Russia ($X) constituted the largest supplier of crude soybean oil to Norway.

From 2007 to 2019, the average annual rate of growth in terms of value from Russia was relatively modest.

Import Prices by Country

In 2019, the average crude soybean oil import price amounted to $X per tonne, almost unchanged from the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2007 to 2019, the rate of growth in terms of prices for Russia amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil consumption in 2019 were China (4.4M tonnes), India (3.1M tonnes) and the U.S. (1.8M tonnes), with a combined 31% share of global consumption. Japan, Russia, Algeria, Indonesia, Brazil, Bangladesh, Pakistan, Mexico, Morocco and Germany lagged somewhat behind, together accounting for a further 24%.
What are the largest producers of crude soybean oil in the world?
+
The countries with the highest volumes of crude soybean oil production in 2019 were Argentina (5.1M tonnes), China (3.8M tonnes) and the U.S. (2.6M tonnes), together comprising 38% of global production.
What are the leading suppliers of crude soybean oil to Norway?
+
In value terms, Russia ($311K) constituted the largest supplier of crude soybean oil to Norway.
What are the leading importers of crude soybean oil from Norway?
+
In value terms, the largest markets for crude soybean oil exported from Norway were Sweden ($18M), Denmark ($17M) and the Netherlands ($11M), together comprising 85% of total exports.
What is the average export price for crude soybean oil in Norway?
+
The average crude soybean oil export price stood at $731 per tonne in 2019, with a decrease of -9.8% against the previous year.
What is the average import price for crude soybean oil in Norway?
+
In 2019, the average crude soybean oil import price amounted to $1,120 per tonne, stabilizing at the previous year.

Product coverage:
• Prodcom 10412100 - Crude soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude soybean 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 2025.


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:
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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