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Store → Food Products → Vegetable And Animal Oils And Fats → Crude Palm Oil
Report Norway - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Oct 1, 2023

Norway - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Crude Palm Oil Market 2023

Crude Palm Oil Market Size in Norway

The Norwegian crude palm oil market surged to $X in 2022, picking up by 2,637% against the previous year. Overall, consumption, however, recorded a perceptible descent. Crude palm oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Palm Oil Production in Norway

In value terms, crude palm oil production stood at $X in 2022 estimated in export price. In general, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1.9% against the previous year. Crude palm oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crude Palm Oil Exports

Exports from Norway

Crude palm oil exports from Norway fell remarkably to X kg in 2022, shrinking by -99.9% compared with 2021 figures. In general, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 16,637%. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, crude palm oil exports contracted markedly to $X in 2022. Over the period under review, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of 11,053% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Sweden (X kg) was the main destination for crude palm oil exports from Norway, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +81.0%.

In value terms, Sweden ($X) emerged as the key foreign market for crude palm oil exports from Norway.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +53.9%.

Export Prices by Country

In 2022, the average crude palm oil export price amounted to $X per ton, jumping by 683% against the previous year. Overall, the export price recorded prominent growth. 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 Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -15.0% per year.

Crude Palm Oil Imports

Imports into Norway

Crude palm oil imports into Norway fell rapidly to X tons in 2022, declining by -40.7% on the year before. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 499%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, crude palm oil imports surged to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 464%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of crude palm oil to Norway, with a 71% share of total imports. Moreover, crude palm oil imports from Ecuador exceeded the figures recorded by the second-largest supplier, Ghana (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume from Ecuador totaled +119,900.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+24.8% per year) and France (+39.5% per year).

In value terms, Ghana ($X) constituted the largest supplier of crude palm oil to Norway, comprising 62% of total imports. The second position in the ranking was held by Ecuador ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ghana totaled +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+34,566.7% per year) and France (+42.2% per year).

Import Prices by Country

The average crude palm oil import price stood at $X per ton in 2022, with an increase of 138% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?
+
The country with the largest volume of crude palm oil consumption was Indonesia, comprising approx. 54% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was taken by India, with an 8.4% share.
What are the largest producers of crude palm oil in the world?
+
Indonesia constituted the country with the largest volume of crude palm oil production, accounting for 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was held by Thailand, with a 3.6% share.
What are the leading suppliers of crude palm oil to Norway?
+
In value terms, Ghana constituted the largest supplier of crude palm oil to Norway, comprising 62% of total imports. The second position in the ranking was taken by Ecuador, with a 21% share of total imports.
What are the leading importers of crude palm oil from Norway?
+
In value terms, Sweden emerged as the key foreign market for crude palm oil exports from Norway.
What is the average export price for crude palm oil in Norway?
+
The average crude palm oil export price stood at $8,661 per ton in 2022, with an increase of 683% against the previous year.
What is the average import price for crude palm oil in Norway?
+
In 2022, the average crude palm oil import price amounted to $8,888 per ton, jumping by 138% against the previous year.

This report provides an in-depth analysis of the crude palm 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:
• FCL 257 - Oil of palm
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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
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 PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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