Norway - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Norway - 2023
Contents:
- Crude Palm Oil Price in Norway (CIF) - 2022
- Crude Palm Oil Price in Norway (FOB) - 2022
- Crude Palm Oil Imports in Norway
- Crude Palm Oil Exports in Norway
Crude Palm Oil Price in Norway (CIF) - 2022
In 2022, the average crude palm oil import price amounted to $3,726 per ton, approximately reflecting the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude palm oil import price increased by +7.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 141% against the previous year. As a result, import price reached the peak level of $4,072 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($30,286 per ton), while the price for Ecuador ($2,600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Crude Palm Oil Price in Norway (FOB) - 2022
In 2022, the average crude palm oil export price amounted to $1,267 per ton, rising by 14% against the previous year. In general, the export price, however, faced a abrupt downturn. The export price peaked at $5,051 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -15.0% per year.
Crude Palm Oil Imports in Norway
In 2022, the amount of crude palm oil imported into Norway soared to 4 tons, increasing by 42% compared with 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 502% against the previous year. As a result, imports reached the peak of 9.2 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, crude palm oil imports surged to $15K in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 464%. As a result, imports reached the peak of $32K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Crude Palm Oil in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | 0.6 | N/A | 9.3 | 293.7% |
| Ecuador | N/A | N/A | N/A | 3.1 | 0% |
| France | N/A | N/A | N/A | 0.8 | 0% |
| Indonesia | 5.5 | 30.5 | 10.0 | N/A | 34.8% |
| Others | 0.2 | 0.8 | 0.5 | 1.7 | 104.1% |
| Total | 5.6 | 31.8 | 10.6 | 15.0 | 38.9% |
Top Suppliers of Crude Palm Oil to Norway in 2022:
- France (undefined tons)
- Ecuador (1.2 tons)
- Ghana (0.4 tons)
Crude Palm Oil Exports in Norway
In 2022, approx. 2.6 tons of crude palm oil were exported from Norway; waning by -99.3% compared with the year before. Overall, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 135% against the previous year. As a result, the exports reached the peak of 367 tons, and then fell dramatically in the following year.
In value terms, crude palm oil exports shrank notably to $3.3K in 2022. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 133% against the previous year. As a result, the exports reached the peak of $406K, and then shrank dramatically in the following year.
| Export of Crude Palm Oil in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1.9 | 2.2 | 2.5 | 3.3 | 20.2% |
| Iceland | 241 | 172 | 403 | N/A | 29.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 243 | 175 | 406 | 3.3 | -76.1% |
Top Export Markets for Crude Palm Oil from Norway in 2022:
- Sweden (0.4 tons)
This report provides an in-depth analysis of the crude 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:
- FCL 257 - Oil of palm
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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