Report Update Nov 1, 2024

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

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Finland: Refined Soybean Oil Market 2024

Refined Soybean Oil Market Size in Finland

The Finnish refined soybean oil market declined to $X in 2022, stabilizing at the previous year. Overall, consumption, however, posted a tangible expansion. Refined soybean oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Refined Soybean Oil Production in Finland

In value terms, refined soybean oil production stood at $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 159% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Refined Soybean Oil Exports

Exports from Finland

In 2022, overseas shipments of refined soybean oil and its fractions decreased by 0% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 11,899,900% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined soybean oil exports totaled $X in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 15,966,550%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for refined soybean oil exports from Finland, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to the UK totaled +236.2%.

From 2013 to 2022, the average annual rate of growth in terms of value to the UK amounted to +2,176.2%.

Export Prices by Country

In 2022, the average refined soybean oil export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price recorded a significant increase. The pace of growth was the most pronounced in 2017 an increase of 83%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2013 to 2022, the rate of growth in terms of prices for the UK amounted to +577.0% per year.

Refined Soybean Oil Imports

Imports into Finland

In 2022, supplies from abroad of refined soybean oil and its fractions increased by 5.8% to X tons, rising for the sixth consecutive year after four years of decline. In general, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 701%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, refined soybean oil imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 586%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) was the main supplier of refined soybean oil to Finland, with a 94% share of total imports. Moreover, refined soybean oil imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+75.0% per year) and the Netherlands (-29.3% per year).

In value terms, the UK ($X) constituted the largest supplier of refined soybean oil and its fractions to Finland, comprising 96% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.2% share of total imports. It was followed by the Netherlands, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+44.2% per year) and the Netherlands (-31.6% per year).

Import Prices by Country

The average refined soybean oil import price stood at $X per ton in 2022, picking up by 17% against the previous year. Overall, the import price, however, saw a slight setback. The growth pace was the most rapid in 2015 an increase of 135% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+20.3%), 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 accounting for 30% of global consumption. Mauritania, Japan, Russia, Indonesia, Italy, Brazil, the UK, Pakistan, Bangladesh and Germany lagged somewhat behind, together accounting 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. These countries were followed by Brazil, Japan, Russia, the Netherlands, Indonesia, Pakistan, Germany, Bangladesh, the UK and Italy, which together accounted for a further 27%.

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

In value terms, Germany constituted the largest supplier of refined soybean oil to Finland, comprising 65% of total imports. The second position in the ranking was occupied by the UK, with a 30% share of total imports.

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

In value terms, the UK $969) and Sweden $657) constituted the largest markets for refined soybean oil exported from Finland worldwide.

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

The average refined soybean oil export price stood at $1,465 per ton in 2019, falling by -18.6% against the previous year.

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

In 2020, the average refined soybean oil import price amounted to $1,631 per ton, increasing by 42% against the previous year.

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

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
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
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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.

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