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Norway - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Norway: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in Norway

The Norwegian fish fat and oil market rose rapidly to $X in 2019, picking up by X% against the previous year. In general, consumption showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2017 to 2019, the growth of the market remained at a lower figure.

Production of Fish Fats And Oils in Norway

In value terms, fish fat and oil production reduced to $X in 2019 estimated in export prices. Over the period under review, production recorded a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2018, and then declined in the following year.

Exports of Fish Fats And Oils

Exports from Norway

In 2019, overseas shipments of fish fats and oils increased by X% to X tonnes, rising for the second year in a row after two years of decline. The total export volume 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 in certain years. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish fat and oil exports rose notably to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tonnes), Denmark (X tonnes) and Greece (X tonnes) were the main destinations of fish fat and oil exports from Norway, with a combined X% share of total exports.

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

In value terms, the largest markets for fish fat and oil exported from Norway were the U.S. ($X), Turkey ($X) and Denmark ($X), together comprising X% of total exports. These countries were followed by the UK, Greece, Spain and the Netherlands, which together accounted for a further X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fish fat and oil export price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2018, and then reduced rapidly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Norway

In 2019, approx. X tonnes of fish fats and oils were imported into Norway; rising by X% on the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Imports peaked at X tonnes in 2010; however, from 2011 to 2019, imports remained at a lower figure.

In value terms, fish fat and oil imports rose significantly to $X in 2019. Overall, total imports indicated a strong increase from 2007 to 2019: its value 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. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

Peru (X tonnes), Denmark (X tonnes) and Mauritania (X tonnes) were the main suppliers of fish fat and oil imports to Norway, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in Mauritania (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fat and oil suppliers to Norway were Peru ($X), Denmark ($X) and Mauritania ($X), together comprising X% of total imports.

Among the main suppliers, Mauritania saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fish fat and oil import price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, import price indicated a resilient 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. Based on 2019 figures, fish fat and 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. Over the period under review, average import prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Peru ($X per tonne) and Chile ($X per tonne), while the price for Denmark ($X per tonne) and Mauritania ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?
+
China (659K tonnes) constituted the country with the largest volume of fish fat and oil consumption, accounting for 15% of total volume. Moreover, fish fat and oil consumption in China exceeded the figures recorded by the second-largest consumer, Norway (327K tonnes), twofold. The third position in this ranking was occupied by the U.S. (302K tonnes), with a 6.9% share.
What are the largest producers of fish fats and oils in the world?
+
The countries with the highest volumes of fish fat and oil production in 2019 were China (634K tonnes), the U.S. (369K tonnes) and India (272K tonnes), with a combined 29% share of global production. These countries were followed by Norway, Peru, Japan, Russia, Brazil, Mexico, Pakistan, Bangladesh, Indonesia and Nigeria, which together accounted for a further 29%.
What are the leading suppliers of fish fats and oils to Norway?
+
In value terms, the largest fish fat and oil suppliers to Norway were Peru ($139M), Denmark ($83M) and Mauritania ($43M), together accounting for 62% of total imports.
What are the leading importers of fish fats and oils from Norway?
+
In value terms, the largest markets for fish fat and oil exported from Norway were the U.S. ($47M), Turkey ($40M) and Denmark ($27M), with a combined 56% share of total exports. The UK, Greece, Spain and the Netherlands lagged somewhat behind, together accounting for a further 23%.
What is the average export price for fish fats and oils in Norway?
+
The average fish fat and oil export price stood at $1,878 per tonne in 2019, waning by -23.3% against the previous year.
What is the average import price for fish fats and oils in Norway?
+
The average fish fat and oil import price stood at $1,932 per tonne in 2019, surging by 3.6% against the previous year.

Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

This report provides an in-depth analysis of the market for fish fat and 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 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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