Norway: Soybean Oil Market 2020

Soybean Oil Market Size in Norway

The revenue of the soybean oil market in Norway amounted to $X in 2017, growing by X% against the previous year. Overall, soybean oil consumption continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. Norway soybean oil consumption peaked in 2017, and is likely to continue its growth in the near future.

Soybean Oil Production in Norway

Soybean oil production in Norway totaled X tons in 2017, remaining stable against the previous year. Overall, soybean oil production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when the output figure increased by X% year-to-year. In that year, the soybean oil production attained their peak volume of X tons. From 2009 to 2017, growth of the soybean oil production failed to regain its momentum.

Soybean Oil Exports from Norway

In 2017, approx. X tons of soya-bean oil were exported from Norway; reducing by -X% against the previous year. In general, soybean oil exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012, when it surged by X% against the previous year. Norway exports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, soybean oil exports totaled $X in 2017. Overall, soybean oil exports continue to indicate a relatively flat trend pattern. Norway exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soybean Oil Exports by Country from Norway

Argentina was the main exporter of soya-bean oil in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2017. Brazil (X tons) occupied the second position in the ranking, followed by the U.S. (X tons), Russia (X tons) and the Netherlands (X tons). All these countries together took near X% share of total exports. The following exporters - Spain (X tons), Bolivia (X tons), Germany (X tons), Canada (X tons) and Ukraine (X tons) together made up X% of total exports.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of Argentina (X%) and Brazil (X%) increased significantly in terms of the global exports from 2007-2017, the share of Canada (-X%), the U.S. (-X%) and Russia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Norway, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Argentina amounted to -X%. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Norway

The soybean oil export price in Norway stood at $X per ton in 2017, coming up by X% against the previous year. Overall, soybean oil export price continues to indicate a modest growth. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. Norway export price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per ton) and Spain ($X per ton), while Bolivia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Norway

In 2017, imports of soya-bean oil into Norway totaled X tons, rising by X% against the previous year. Overall, soybean oil imports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2013, when imports increased by X% year-to-year. Over the period under review, the soybean oil imports attained its peak figure volume in 2017, and are likely to continue its growth in the near future.

In value terms, soybean oil imports totaled $X in 2017. Overall, soybean oil imports continue to indicate a prominent increase. Over the period under review, the soybean oil imports reached its peak figure level in 2017, and are likely to continue its growth in the near future.

Soybean Oil Imports by Country into Norway

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) were the key importers of soya-bean oil, together comprising X% of total imports. Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) occupied the mild share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Iran ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

In terms of the main importing countries , Iran (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Norway

In 2017, the soybean oil import price in Norway amounted to $X per ton, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the import prices for soya-bean oil attained its maximum level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Venezuela ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform