Norway: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Norway

The Norwegian market for oleic, linoleic or linolenic acids, their salts and esters shrank slightly to $X in 2021, with a decrease of -4.3% against the previous year. In general, consumption recorded a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Norway

In value terms, oleic, linoleic or linolenic acids production reduced modestly to $X in 2021 estimated in export price. In general, production showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 73%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Norway

In 2021, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters decreased by -23.7% to X tons, falling for the third year in a row after three years of growth. In general, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 2,381%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids exports reduced rapidly to $X in 2021. Over the period under review, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2017 with an increase of 2,553% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for oleic, linoleic or linolenic acids exports from Norway, accounting for a 72% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to France exceeded the volume sent to the second major destination, the United States (X tons), threefold. China (X kg) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at -28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.4% per year) and China (-46.9% per year).

In value terms, the United States ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Norway, comprising 60% of total exports. The second position in the ranking was taken by China ($X), with a 27% share of total exports. It was followed by France, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-35.4% per year) and France (-47.1% per year).

Export Prices by Country

The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, rising by 4.8% against the previous year. In general, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of 72% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Norway

For the third year in a row, Norway recorded decline in overseas purchases of oleic, linoleic or linolenic acids, their salts and esters, which decreased by -5.4% to X tons in 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 182% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids imports reached $X in 2021. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 140% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to Norway, accounting for a 35% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was held by Switzerland (X tons), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-33.9% per year) and Switzerland (+10.4% per year).

In value terms, Denmark ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Norway, comprising 31% of total imports. The second position in the ranking was held by France ($X), with a 9.9% share of total imports. It was followed by the Netherlands, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.8% per year) and the Netherlands (-24.9% per year).

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, surging by 18% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids import price increased by +21.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 122% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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