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Norway - Soybean Oilcake - Market Analysis, Forecast, Size, Trends And Insights
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Norway: Soybean Oilcake Market Overview 2021

Soybean Oilcake Market Size in Norway

The Norwegian soybean oilcake market stood at $X in 2020, approximately reflecting the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Soybean Oilcake Production in Norway

In value terms, soybean oilcake production rose slightly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a strong expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Soybean Oilcake Exports

Exports from Norway

In 2020, after three years of decline, there was growth in overseas shipments of soybean oilcake, when their volume increased by X% to X tonnes. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, soybean oilcake exports reached $X in 2020. Over the period under review, total exports indicated measured 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, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tonnes) was the main destination for soybean oilcake exports from Norway, accounting for a X% share of total exports. Moreover, soybean oilcake exports to Sweden exceeded the volume sent to the second major destination, Finland (X tonnes), sevenfold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-X% per year) and the UK (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average soybean oilcake export price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, export price indicated a perceptible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, soybean oilcake export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2020, the countries with the highest prices were Finland ($X per tonne) and Sweden ($X per tonne), while the average price for exports to the UK ($X per tonne) and the Netherlands ($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 more modest paces of growth.

Soybean Oilcake Imports

Imports into Norway

In 2020, purchases abroad of soybean oilcake decreased by -X% to X tonnes, falling for the fifth consecutive year after two years of growth. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, soybean oilcake imports declined slightly to $X in 2020. Over the period under review, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Brazil (X tonnes) constituted the largest soybean oilcake supplier to Norway, accounting for a X% share of total imports. Moreover, soybean oilcake imports from Brazil exceeded the figures recorded by the second-largest supplier, Russia (X tonnes), threefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Brazil stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and China (+X% per year).

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

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

Import Prices by Country

The average soybean oilcake import price stood at $X per tonne in 2020, therefore, remained relatively stable against the previous year. In general, import price indicated mild growth from 2007 to 2020: its price 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, soybean oilcake import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from China ($X per tonne) and Brazil ($X per tonne), while the price for 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 attained by Russia, 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 soybean oilcake in the world?
+
China (37M tonnes) remains the largest soybean oilcake consuming country worldwide, accounting for 15% of total volume. Moreover, soybean oilcake consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (17M tonnes), twofold. India (15M tonnes) ranked third in terms of total consumption with a 6% share.
What are the largest producers of soybean oilcake in the world?
+
The countries with the highest volumes of soybean oilcake production in 2020 were China (38M tonnes), the U.S. (26M tonnes) and Argentina (25M tonnes), with a combined 38% share of global production. These countries were followed by India, Brazil, Pakistan, Russia, Germany, Nigeria, Japan, Bangladesh and Ethiopia, which together accounted for a further 32%.
What are the leading suppliers of soybean oilcake to Norway?
+
In value terms, Brazil ($12M) constituted the largest supplier of soybean oilcake to Norway, comprising 54% of total imports. The second position in the ranking was occupied by Russia ($4M), with a 18% share of total imports. It was followed by China, with a 16% share.
What are the leading importers of soybean oilcake from Norway?
+
In value terms, Sweden ($57M) remains the key foreign market for soybean oilcake exports from Norway, comprising 79% of total exports. The second position in the ranking was occupied by Finland ($8.1M), with a 11% share of total exports. It was followed by the UK, with a 7.9% share.
What is the average export price for soybean oilcake in Norway?
+
In 2020, the average soybean oilcake export price amounted to $457 per tonne, growing by 3.5% against the previous year.
What is the average import price for soybean oilcake in Norway?
+
In 2020, the average soybean oilcake import price amounted to $528 per tonne, remaining constant against the previous year.

Product coverage:
• Prodcom 10414130 - Oilcake and other solid residues resulting from the extraction of soya-bean oil

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