Report Update Nov 1, 2024

Norway - Crude Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Crude Maize Oil Market 2024

Crude Maize Oil Market Size in Norway

In 2022, the Norwegian crude maize oil market increased by 46% to $X, rising for the fourth consecutive year after five years of decline. Overall, consumption, however, recorded a deep reduction. Crude maize oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Crude Maize Oil Production in Norway

In value terms, crude maize oil production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 20%. Crude maize oil production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Crude Maize Oil Exports

Exports from Norway

In 2018, after three years of decline, there was decline in shipments abroad of crude maize (corn) oil, when their volume decreased by 0% to X kg. In general, exports continue to indicate a perceptible contraction. The smallest decline of -79.6% was in 2015. Over the period under review, the exports reached the peak figure at X kg in 2014; however, from 2015 to 2018, the exports failed to regain momentum.

In value terms, crude maize oil exports stood at $X in 2018. Overall, exports showed a pronounced curtailment. The smallest decline of -85.3% was in 2015. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2018, the exports failed to regain momentum.

Exports by Country

Denmark (X kg) was the main destination for crude maize oil exports from Norway, with a approx. 100% share of total exports.

From 2014 to 2018, the average annual rate of growth in terms of volume to Denmark was relatively modest.

From 2014 to 2018, the average annual growth rate of value to Denmark was relatively modest.

Export Prices by Country

In 2018, the average crude maize oil export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price decreased by -28.2% against the previous year. Over the period under review, the average export prices hit record highs in 2018 and is likely to continue growth in the immediate term.

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

From 2014 to 2018, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.

Crude Maize Oil Imports

Imports into Norway

In 2022, overseas purchases of crude maize (corn) oil increased by 138% to X kg, rising for the fifth year in a row after two years of decline. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 316%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, crude maize oil imports soared to $X in 2022. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 306% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X kg) was the main crude maize oil supplier to Norway, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to +10.9%.

In value terms, Sweden ($X) constituted the largest supplier of crude maize (corn) oil to Norway.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +16.8%.

Import Prices by Country

In 2022, the average crude maize oil import price amounted to $X per ton, waning by -39.9% against the previous year. Overall, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2021, and then fell rapidly in the following year.

As there is only one major supplying country, 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 +5.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude maize (corn) oil in the world?

The United States constituted the country with the largest volume of crude maize oil consumption, accounting for 47% of total volume. Moreover, crude maize oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Brazil, with a 3.2% share.

What are the largest producers of crude maize (corn) oil in the world?

The country with the largest volume of crude maize oil production was the United States, comprising approx. 50% of total volume. Moreover, crude maize oil production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of crude maize (corn) oil to Norway?

In value terms, the largest crude maize oil suppliers to Norway were the UK $761), Italy $463) and Germany $306), together comprising 98% of total imports.

What is the average export price for crude maize (corn) oil in Norway?

In 2018, the average crude maize oil export price amounted to $3,053 per ton, leveling off at the previous year.

What is the average import price for crude maize (corn) oil in Norway?

The average crude maize oil import price stood at $2,442 per ton in 2021, reducing by -2.3% against the previous year.

This report provides an in-depth analysis of the crude maize 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 60 - Oil of Maize

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.

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