Scandinavia: Oil Crops Market 2025

Oil Crops Market Size in Scandinavia

In 2022, the Scandinavia oil crops market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oil Crops Production in Scandinavia

In value terms, oil crops production rose significantly to $X in 2022 estimated in export price. Overall, production faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sweden (X tons) remains the largest oil crops producing country in Scandinavia, comprising approx. X% of total volume. Moreover, oil crops production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), ninefold.

In Sweden, oil crops production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Finland (X% per year) and Norway (X% per year).

In 2022, the average yield of oil crops (primary) in Scandinavia rose modestly to X tons per ha, picking up by X% on the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the oil crops yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of oil crops (primary) were harvested in Scandinavia; declining by X% compared with the previous year. In general, the harvested area continues to indicate a noticeable contraction. The growth pace was the most rapid in 2021 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to oil crops production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Oil Crops Exports

Exports in Scandinavia

In 2022, overseas shipments of oil crops (primary) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a temperate expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, oil crops exports surged to $X in 2022. In general, exports showed pronounced growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the one major exporters of oil crops (primary), namely Sweden, represented more than two-thirds of total export.

Sweden was also the fastest-growing in terms of the oil crops (primary) exports, with a CAGR of X% from 2012 to 2022. Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest oil crops supplier in Scandinavia.

In Sweden, oil crops exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, declining by X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank slightly in the following year.

As there is only one major export destination, 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 X% per year.

Oil Crops Imports

Imports in Scandinavia

In 2022, approx. X tons of oil crops (primary) were imported in Scandinavia; which is down by X% on the previous year. Overall, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, oil crops imports amounted to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Norway represented the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Finland (X tons) and Sweden (X tons), together generating a X% share of total imports.

Imports into Norway decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Finland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by X percentage points.

In value terms, Norway ($X) constitutes the largest market for imported oil crops (primary) in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Norway was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform