Report Norway - Refined Palm Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Norway - Refined Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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Norway: Refined Palm Oil Market 2022

Refined Palm Oil Market Size in Norway

The Norwegian refined palm oil market stood at $X in 2021, with an increase of 13% against the previous year. Overall, consumption recorded a buoyant expansion. Refined palm oil consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Refined Palm Oil Production in Norway

In value terms, refined palm oil production skyrocketed to $X in 2021 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 199%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Refined Palm Oil Exports

Exports from Norway

In 2021, overseas shipments of refined palm oil decreased by 99.9% to X kg for the first time since 2014, thus ending a six-year rising trend. In general, exports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 332% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, refined palm oil exports reduced rapidly to $X in 2021. Over the period under review, exports faced a sharp contraction. The growth pace was the most rapid in 2015 with an increase of 212% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X kg) was the main destination for refined palm oil exports from Norway, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Denmark stood at -49.4%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark totaled -28.5%.

Export Prices by Country

The average refined palm oil export price stood at $X per ton in 2021, rising by 11,797% against the previous year. In general, the export price continues to indicate a significant increase. 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 Denmark.

From 2012 to 2021, the rate of growth in terms of prices for Denmark amounted to +41.6% per year.

Refined Palm Oil Imports

Imports into Norway

In 2021, the amount of refined palm oil imported into Norway expanded sharply to X tons, surging by 13% on the previous year. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by 74% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, refined palm oil imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by 61% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Malaysia (X tons) and Denmark (X tons) were the main suppliers of refined palm oil imports to Norway, together comprising 91% of total imports.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of refined palm oil to Norway, comprising 57% of total imports. The second position in the ranking was held by Malaysia ($X), with a 28% share of total imports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+11.8% per year) and the Netherlands (-12.2% per year).

Import Prices by Country

In 2021, the average refined palm oil import price amounted to $X per ton, rising by 37% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in the world?
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The countries with the highest volumes of consumption in 2021 were China, India and the United States, together accounting for 25% of global consumption. Malaysia, Pakistan, Japan, Russia, Indonesia, Brazil, Ethiopia, Bangladesh, Mexico and France lagged somewhat behind, together accounting for a further 28%.
What are the largest producers of refined palm oil in the world?
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Indonesia constituted the country with the largest volume of refined palm oil production, accounting for 32% of total volume. Moreover, refined palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was taken by India, with a 5% share.
What are the leading suppliers of refined palm oil to Norway?
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In value terms, Sweden constituted the largest supplier of refined palm oil to Norway, comprising 57% of total imports. The second position in the ranking was held by Malaysia, with a 28% share of total imports. It was followed by the Netherlands, with a 3.6% share.
What are the leading importers of refined palm oil from Norway?
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In value terms, Denmark $213) emerged as the key foreign market for refined palm oil exports from Norway.
What is the average export price for refined palm oil in Norway?
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In 2021, the average refined palm oil export price amounted to $42,600 per ton, rising by 11,797% against the previous year.
What is the average import price for refined palm oil in Norway?
+
The average refined palm oil import price stood at $1,569 per ton in 2021, rising by 37% against the previous year.

This report provides an in-depth analysis of the refined 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:
• Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
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

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

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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