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Norway - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
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Norway: Soybean Oil Market Overview 2021

Soybean Oil Market Size in Norway

The Norwegian soybean oil market soared to $X in 2020, increasing by X% against the previous year. Overall, consumption showed a notable increase. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Soybean Oil Production in Norway

In value terms, soybean oil production rose rapidly to $X in 2020 estimated in export prices. Overall, the total production indicated slight growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Soybean oil production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Soybean Oil Exports

Exports from Norway

In 2020, exports of soybean oil from Norway contracted dramatically to X tonnes, with a decrease of -X% on the previous year's figure. Overall, exports showed a noticeable reduction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, soybean oil exports shrank sharply to $X in 2020. In general, exports recorded a perceptible downturn. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tonnes), Denmark (X tonnes) and the Netherlands (X tonnes) were the main destinations of soybean oil exports from Norway, with a combined X% share of total exports. These countries were followed by France and the UK, which together accounted for a further X 2007 to 2020, the biggest increases were in France (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for soybean oil exported from Norway were Sweden ($X), Denmark ($X) and the Netherlands ($X), together accounting for X% of total exports. These countries were followed by France and the UK, which together accounted for a further X the main countries of destination, France (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average soybean oil export price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to France ($X per tonne) and Sweden ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) and Denmark ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced a decline.

Soybean Oil Imports

Imports into Norway

In 2020, overseas purchases of soybean oil increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, soybean oil imports expanded sharply to $X in 2020. Overall, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Sweden (X tonnes) constituted the largest supplier of soybean oil to Norway, with a X% share of total imports. Moreover, soybean oil imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fivefold. The third position in this ranking was occupied by Denmark (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Sweden amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Denmark (-X% per year).

In value terms, Sweden ($X) constituted the largest supplier of soybean oil to Norway, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Sweden stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Denmark (-X% per year).

Import Prices by Country

In 2020, the average soybean oil import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were 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 2020, the most notable rate of growth in terms of prices was attained by Sweden, 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 soybean oil in the world?
+
China (40M tonnes) remains the largest soybean oil consuming country worldwide, comprising approx. 48% of total volume. Moreover, soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (10M tonnes), fourfold. The third position in this ranking was occupied by Brazil (9.4M tonnes), with a 11% share.
What are the largest producers of soybean oil in the world?
+
China (39M tonnes) remains the largest soybean oil producing country worldwide, comprising approx. 48% of total volume. Moreover, soybean oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (11M tonnes), threefold. Brazil (10M tonnes) ranked third in terms of total production with a 12% share.
What are the leading suppliers of soybean oil to Norway?
+
In value terms, Sweden ($4.6M) constituted the largest supplier of soybean oil to Norway, comprising 63% of total imports. The second position in the ranking was occupied by the Netherlands ($1M), with a 14% share of total imports. It was followed by Denmark, with a 12% share.
What are the leading importers of soybean oil from Norway?
+
In value terms, Sweden ($15M), Denmark ($12M) and the Netherlands ($7.5M) constituted the largest markets for soybean oil exported from Norway worldwide, with a combined 87% share of total exports. France and the UK lagged somewhat behind, together accounting for a further 12%.
What is the average export price for soybean oil in Norway?
+
In 2020, the average soybean oil export price amounted to $782 per tonne, picking up by 6.9% against the previous year.
What is the average import price for soybean oil in Norway?
+
In 2020, the average soybean oil import price amounted to $788 per tonne, dropping by -5.7% against the previous year.

Product coverage:
• FCL 237 - Oil of Soybeans

This report provides an in-depth analysis of the 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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