Report Update Nov 1, 2024

Norway - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Norway

The Norwegian sunflower oilcake market surged to $X in 2021, jumping by 91% against the previous year. Over the period under review, consumption showed a measured increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sunflower Oilcake Production in Norway

In value terms, sunflower oilcake production soared to $X in 2021 estimated in export price. In general, production posted significant growth. The growth pace was the most rapid in 2015 when the production volume increased by 506%. Sunflower oilcake production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Sunflower Oilcake Exports

Exports from Norway

In 2021, the amount of sunflower oilcake exported from Norway reduced remarkably to X tons, with a decrease of -20% against the previous year's figure. Overall, exports showed a sharp decline. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sunflower oilcake exports contracted markedly to $X in 2021. In general, exports faced a dramatic curtailment. The smallest decline of -20% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X tons) was the main destination for sunflower oilcake exports from Norway, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Denmark stood at -42.1%.

In value terms, Denmark ($X) also remains the key foreign market for sunflower oilcake exports from Norway.

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark amounted to -38.3%.

Export Prices by Country

The average sunflower oilcake export price stood at $X per ton in 2021, standing approx. at the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower oilcake export price decreased by -0.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 62%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Denmark amounted to +6.6% per year.

Sunflower Oilcake Imports

Imports into Norway

In 2021, supplies from abroad of sunflower oilcake increased by 31% to X tons, rising for the third year in a row after six years of decline. Overall, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 122%. 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, sunflower oilcake imports skyrocketed to $X in 2021. Over the period under review, imports recorded mild growth. The pace of growth appeared the most rapid in 2020 with an increase of 138%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of sunflower oilcake to Norway, with a 33% share of total imports. Moreover, sunflower oilcake imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-17.2% per year) and Germany (+12.7% per year).

In value terms, Russia ($X) constituted the largest supplier of sunflower oilcake to Norway, comprising 27% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Ukraine, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.2% per year) and Ukraine (-13.8% per year).

Import Prices by Country

The average sunflower oilcake import price stood at $X per ton in 2021, jumping by 47% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sunflower oilcake import price increased by +58.2% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Bulgaria ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), 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 sunflower oilcake in the world?

The country with the largest volume of sunflower oilcake consumption was China, accounting for 19% of total volume. Moreover, sunflower oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.6% share.

What are the largest producers of sunflower oilcake in the world?

The country with the largest volume of sunflower oilcake production was China, accounting for 17% of total volume. Moreover, sunflower oilcake production in China exceeded the figures recorded by the second-largest producer, India, twofold. Ukraine ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of sunflower oilcake to Norway?

In value terms, Hungary, Russia and Latvia were the largest sunflower oilcake suppliers to Norway, with a combined 95% share of total imports.

What are the leading importers of sunflower oilcake from Norway?

In value terms, Denmark remains the key foreign market for sunflower oilcake exports from Norway.

What is the average export price for sunflower oilcake in Norway?

The average sunflower oilcake export price stood at $184 per ton in 2020, almost unchanged from the previous year.

What is the average import price for sunflower oilcake in Norway?

The average sunflower oilcake import price stood at $326 per ton in 2020, with an increase of 7.2% against the previous year.

This report provides an in-depth analysis of the sunflower oilcake 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:

Prodcom 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

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