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Norway - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Norway: Refined Soybean Oil Market Overview 2021

Refined Soybean Oil Market Size in Norway

The Norwegian refined soybean oil market surged to $X in 2019, growing by X% against the previous year. Over the period under review, consumption posted a significant increase. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in the near future.

Refined Soybean Oil Production in Norway

In value terms, refined soybean oil production skyrocketed to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level in 2019 and is expected to retain growth in years to come.

Refined Soybean Oil Exports

Exports from Norway

For the fifth consecutive year, Norway recorded decline in overseas shipments of refined soybean oil and its fractions, which decreased by -X% to X tonnes in 2019. In general, exports faced a sharp descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, refined soybean oil exports shrank dramatically to $X in 2019. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2008; however, from 2009 to 2019, exports remained at a lower figure.

Exports by Country

Sweden (X tonnes) was the main destination for refined soybean oil exports from Norway, with a X% share of total exports. Moreover, refined soybean oil exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold.

From 2007 to 2019, the average annual growth rate of volume to Sweden amounted to -X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value to Sweden stood at +X%.

Export Prices by Country

The average refined soybean oil export price stood at $X per tonne in 2019, growing by X% against the previous year. In general, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2017 an increase of X% year-to-year. The export price peaked in 2019 and is expected to retain growth in years to come.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden.

Refined Soybean Oil Imports

Imports into Norway

For the third year in a row, Norway recorded decline in purchases abroad of refined soybean oil and its fractions, which decreased by -X% to X tonnes in 2019. In general, imports faced a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, refined soybean oil imports contracted rapidly to $X in 2019. Overall, imports saw a significant contraction. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

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

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

In value terms, the largest refined soybean oil suppliers to Norway were the Netherlands ($X), Denmark ($X) and Belgium ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2019, the average refined soybean oil import price amounted to $X per tonne, stabilizing at the previous year. Overall, import price indicated a slight increase from 2007 to 2019: its price 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, refined soybean oil import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sweden, 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 refined soybean oil and its fractions in the world?
+
The country with the largest volume of refined soybean oil consumption was China (1.8M tonnes), accounting for 16% of total volume. Moreover, refined soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (808K tonnes), twofold. The third position in this ranking was occupied by India (734K tonnes), with a 6.6% share.
What are the largest producers of refined soybean oil and its fractions in the world?
+
The country with the largest volume of refined soybean oil production was China (2M tonnes), comprising approx. 17% of total volume. Moreover, refined soybean oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (806K tonnes), twofold. The third position in this ranking was occupied by India (723K tonnes), with a 6.4% share.
What are the leading suppliers of refined soybean oil and its fractions to Norway?
+
In value terms, the Netherlands ($634K), Denmark ($528K) and Belgium ($312K) constituted the largest refined soybean oil suppliers to Norway, together comprising 79% of total imports.
What are the leading importers of refined soybean oil and its fractions from Norway?
+
In value terms, Sweden ($4.6K) remains the key foreign market for refined soybean oil exports from Norway, comprising 84% of total exports. The second position in the ranking was occupied by the Netherlands ($776), with a 14% share of total exports.
What is the average export price for refined soybean oil and its fractions in Norway?
+
In 2019, the average refined soybean oil export price amounted to $2,570 per tonne, increasing by 28% against the previous year.
What is the average import price for refined soybean oil and its fractions in Norway?
+
In 2019, the average refined soybean oil import price amounted to $1,165 per tonne, approximately reflecting the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

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