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Norway - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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Norway: Refined Groundnut Oil Market Overview 2021

Refined Groundnut Oil Market Size in Norway

In 2019, the Norwegian refined groundnut oil market decreased by -X% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Refined groundnut oil consumption peaked at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Refined Groundnut Oil Exports

Exports from Norway

In 2019, overseas shipments of refined groundnut oil decreased by -X% to X kg, falling for the sixth consecutive year after four years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X kg in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, refined groundnut oil exports fell to $X in 2019. Overall, total exports indicated a buoyant expansion from 2007 to 2019: its value decreased 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, exports decreased by -X% against 2011 indices. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Sweden (X kg) was the main destination for refined groundnut oil exports from Norway, accounting for a X% share of total exports. Moreover, refined groundnut oil exports to Sweden exceeded the volume sent to the second major destination, Ghana (X kg), ninefold. The third position in this ranking was occupied by Denmark (X kg), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Sweden amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+X% per year) and Denmark (-X% per year).

In value terms, Sweden ($X) remains the key foreign market for refined groundnut oil exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Sweden amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-X% per year) and Ghana (+X% per year).

Export Prices by Country

The average refined groundnut oil export price stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth was the most pronounced in 2009 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2010 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Sweden ($X per tonne), while the average price for exports to Ghana ($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 Denmark, while the prices for the other major destinations experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports into Norway

In 2019, the amount of refined groundnut oil imported into Norway reduced to X tonnes, which is down by -X% against 2018 figures. In general, imports, however, saw notable growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2013 to 2019, the growth imports remained at a lower figure.

In value terms, refined groundnut oil imports fell dramatically to $X in 2019. Over the period under review, imports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

Belgium (X tonnes), the Netherlands (X tonnes) and France (X tonnes) were the main suppliers of refined groundnut oil imports to Norway, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in France, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), the Netherlands ($X) and France ($X) appeared to be the largest refined groundnut oil suppliers to Norway, with a combined X% share of total imports.

France recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average refined groundnut oil import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were France ($X per tonne) and Belgium ($X per tonne), while the price for the Netherlands ($X per tonne) and Sweden ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?
+
The country with the largest volume of refined groundnut oil consumption was Italy (39K tonnes), comprising approx. 32% of total volume. Moreover, refined groundnut oil consumption in Italy exceeded the figures recorded by the second-largest consumer, Iran (18K tonnes), twofold. Nicaragua (8.7K tonnes) ranked third in terms of total consumption with a 7.2% share.
What are the largest producers of refined groundnut oil in the world?
+
The country with the largest volume of refined groundnut oil production was Italy (38K tonnes), accounting for 30% of total volume. Moreover, refined groundnut oil production in Italy exceeded the figures recorded by the second-largest producer, Iran (18K tonnes), twofold. The third position in this ranking was occupied by Belgium (17K tonnes), with a 14% share.
What are the leading suppliers of refined groundnut oil to Norway?
+
In value terms, the largest refined groundnut oil suppliers to Norway were Belgium ($1.2M), the Netherlands ($704K) and France ($42K), with a combined 97% share of total imports.
What are the leading importers of refined groundnut oil from Norway?
+
In value terms, Sweden ($1.6K) remains the key foreign market for refined groundnut oil exports from Norway, comprising 93% of total exports. The second position in the ranking was occupied by Denmark ($103), with a 6% share of total exports. It was followed by Ghana, with a 0.5% share.
What is the average export price for refined groundnut oil in Norway?
+
The average refined groundnut oil export price stood at $6,182 per tonne in 2019, surging by 13% against the previous year.
What is the average import price for refined groundnut oil in Norway?
+
The average refined groundnut oil import price stood at $1,655 per tonne in 2019, waning by -8.2% against the previous year.

Product coverage:
• Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined groundnut 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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