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

Refined Olive Oil Market Size in Norway

The Norwegian refined olive oil market fell notably to $X in 2019, shrinking by -X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Refined Olive Oil Production in Norway

In value terms, refined olive oil production rose rapidly to $X in 2019 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2015 to 2019, production growth remained at a lower figure.

Refined Olive Oil Exports

Exports from Norway

For the third consecutive year, Norway recorded decline in shipments abroad of refined olive oil, which decreased by -X% to X kg in 2019. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, refined olive oil exports contracted significantly to $X in 2019. Over the period under review, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Ghana (X kg) and Cameroon (X kg) were the main destinations of refined olive oil exports from Norway.

From 2007 to 2019, the biggest increases were in Cameroon.

In value terms, Ghana ($X) and Cameroon ($X) constituted the largest markets for refined olive oil exported from Norway worldwide.

In terms of the main countries of destination, Cameroon 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 olive oil export price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2019, the country with the highest price was Ghana ($X per tonne), while the average price for exports to Cameroon amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+X% per year).

Refined Olive Oil Imports

Imports into Norway

In 2019, purchases abroad of refined olive oil decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Over the period under review, total imports indicated a mild expansion from 2007 to 2019: its volume 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, imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, refined olive oil imports declined significantly to $X in 2019. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest refined olive oil supplier to Norway, accounting for a X% share of total imports. Moreover, refined olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), more than tenfold. Italy (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 Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Italy (-X% per year).

In value terms, Spain ($X) constituted the largest supplier of refined olive oil to Norway, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Italy (-X% per year).

Import Prices by Country

In 2019, the average refined olive oil import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price showed a mild contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 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 Greece ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, 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 olive oil in the world?
+
The countries with the highest volumes of refined olive oil consumption in 2019 were China (672K tonnes), the U.S. (356K tonnes) and India (263K tonnes), together comprising 28% of global consumption. These countries were followed by Spain, Japan, Indonesia, Germany, Russia, Brazil, Pakistan, Bangladesh, France and Italy, which together accounted for a further 28%.
What are the largest producers of refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil production in 2019 were China (664K tonnes), Spain (417K tonnes) and the U.S. (277K tonnes), with a combined 30% share of global production. India, Japan, Indonesia, Germany, Russia, Pakistan, Brazil, Italy, Bangladesh and France lagged somewhat behind, together accounting for a further 29%.
What are the leading suppliers of refined olive oil to Norway?
+
In value terms, Spain ($6.4M) constituted the largest supplier of refined olive oil to Norway, comprising 82% of total imports. The second position in the ranking was occupied by Turkey ($490K), with a 6.2% share of total imports. It was followed by Italy, with a 5.3% share.
What are the leading importers of refined olive oil from Norway?
+
In value terms, the largest markets for refined olive oil exported from Norway were Ghana ($341) and Cameroon ($227).
What is the average export price for refined olive oil in Norway?
+
The average refined olive oil export price stood at $5,835 per tonne in 2019, with a decrease of -13.3% against the previous year.
What is the average import price for refined olive oil in Norway?
+
In 2019, the average refined olive oil import price amounted to $3,506 per tonne, declining by -22.8% against the previous year.

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined olive 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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