Report Update Nov 1, 2024

Denmark - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights

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Denmark: Refined Soybean Oil Market 2024

Refined Soybean Oil Market Size in Denmark

The Danish refined soybean oil market contracted to $X in 2022, dropping by -9.5% against the previous year. Over the period under review, consumption recorded a deep reduction. Refined soybean oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Refined Soybean Oil Production in Denmark

In value terms, refined soybean oil production totaled $X in 2022 estimated in export price. In general, production, however, faced a deep slump. The growth pace was the most rapid in 2020 with an increase of 919% against the previous year. Refined soybean oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Soybean Oil Exports

Exports from Denmark

Refined soybean oil exports from Denmark declined sharply to X tons in 2022, waning by -42% compared with 2021. Over the period under review, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by 570%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined soybean oil exports contracted dramatically to $X in 2022. Overall, exports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,166%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

The UK (X tons), Sweden (X tons) and Greenland (X tons) were the main destinations of refined soybean oil exports from Denmark, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +51.5%), while shipments for the other leaders experienced a decline.

In value terms, the UK ($X) emerged as the key foreign market for refined soybean oil and its fractions exports from Denmark, comprising 76% of total exports. The second position in the ranking was taken by Greenland ($X), with a 12% share of total exports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +54.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (-10.0% per year) and Sweden (-27.1% per year).

Export Prices by Country

The average refined soybean oil export price stood at $X per ton in 2022, waning by -24.4% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 249%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Soybean Oil Imports

Imports into Denmark

Refined soybean oil imports into Denmark dropped rapidly to X tons in 2022, waning by -26.4% compared with the previous year's figure. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 51%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, refined soybean oil imports fell to $X in 2022. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 94%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X tons), the UK (X tons) and the Netherlands (X tons) were the main suppliers of refined soybean oil imports to Denmark, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +24.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Sweden ($X) and Germany ($X) were the largest refined soybean oil suppliers to Denmark, with a combined 87% share of total imports.

The UK, with a CAGR of +29.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average refined soybean oil import price stood at $X per ton in 2022, growing by 27% against the previous year. In general, the import price saw perceptible growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 44%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and Germany ($X per ton), while the price for the Netherlands ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the world?

The countries with the highest volumes of refined soybean oil consumption in 2020 were China, the United States and India, together comprising 30% of global consumption. These countries were followed by Mauritania, Japan, Russia, Indonesia, Italy, Brazil, the UK, Pakistan, Bangladesh and Germany, which together accounted for a further 27%.

What are the largest producers of refined soybean oil and its fractions in the world?

The countries with the highest volumes of refined soybean oil production in 2020 were China, the United States and India, with a combined 31% share of global production. Brazil, Japan, Russia, the Netherlands, Indonesia, Pakistan, Germany, Bangladesh, the UK and Italy lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of refined soybean oil and its fractions to Denmark?

In value terms, the largest refined soybean oil suppliers to Denmark were Sweden, Germany and the UK, together accounting for 97% of total imports.

What are the leading importers of refined soybean oil and its fractions from Denmark?

In value terms, the largest markets for refined soybean oil exported from Denmark were Italy, Greenland and Faroe Islands, together comprising 78% of total exports.

What is the average export price for refined soybean oil and its fractions in Denmark?

In 2020, the average refined soybean oil export price amounted to $1,508 per ton, increasing by 47% against the previous year.

What is the average import price for refined soybean oil and its fractions in Denmark?

In 2020, the average refined soybean oil import price amounted to $1,110 per ton, with an increase of 7.5% against the previous year.

This report provides an in-depth analysis of the refined soybean oil market in Denmark. 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:

Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023