Report Update Feb 1, 2025

Scandinavia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights

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Scandinavia: Soya Bean Market 2025

Soya Bean Exports

Exports in Scandinavia

In 2021, approx. X tons of soya beans were exported in Scandinavia; waning by -23.3% against the year before. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 963% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, soya bean exports stood at $X in 2021. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 353% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Denmark dominates exports structure, recording X tons, which was near 90% of total exports in 2021. It was distantly followed by Sweden (X tons), generating a 9.3% share of total exports.

Denmark was also the fastest-growing in terms of the soya beans exports, with a CAGR of +17.4% from 2012 to 2021. Sweden (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +28 percentage points.

In value terms, Denmark ($X) remains the largest soya bean supplier in Scandinavia, comprising 81% of total exports. The second position in the ranking was taken by Sweden ($X), with an 18% share of total exports.

In Denmark, soya bean exports expanded at an average annual rate of +21.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, increasing by 41% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.1%).

Soya Bean Imports

Imports in Scandinavia

In 2021, purchases abroad of soya beans increased by 11% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 14%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, soya bean imports soared to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway prevails in imports structure, recording X tons, which was near 85% of total imports in 2021. Denmark (X tons) held the second position in the ranking, followed by Finland (X tons) and Sweden (X tons). All these countries together took near 15% share of total imports.

Imports into Norway increased at an average annual rate of +1.6% from 2012 to 2021. At the same time, Finland (+19.7%) and Sweden (+6.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +19.7% from 2012-2021. By contrast, Denmark (-11.7%) illustrated a downward trend over the same period. While the share of Norway (+6.6 p.p.), Finland (+3.9 p.p.) and Sweden (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-12.2 p.p.) displayed negative dynamics.

In value terms, Norway ($X) constitutes the largest market for imported soya beans in Scandinavia, comprising 80% of total imports. The second position in the ranking was taken by Sweden ($X), with a 7.6% share of total imports. It was followed by Denmark, with a 7.5% share.

In Norway, soya bean imports increased at an average annual rate of +2.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+8.4% per year) and Denmark (-7.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, jumping by 44% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the soya bean market in Scandinavia. 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 236 - Soybeans

Country coverage:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Scandinavia, split by region and country
Trade (exports and imports) in Scandinavia
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. CONSUMPTION BY COUNTRY
3. 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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Finland
- Norway
- Sweden
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Harvested Area, By Country, 2012-2024
7. Yield, By Country, 2012-2024
8. Imports, In Physical Terms, By Country, 2012–2024
9. Imports, In Value Terms, By Country, 2012–2024
10. Import Prices, By Country Of Destination, 2012–2024
11. Exports, In Physical Terms, By Country, 2012–2024
12. Exports, In Value Terms, By Country, 2012–2024
13. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2024
19. Production, In Value Terms, 2012–2024
20. Area Harvested, 2012–2024
21. Yield, 2012–2024
22. Production, By Country, 2024
23. Production, In Physical Terms, By Country, 2012–2024
24. Harvested Area, By Country, 2024
25. Harvested Area, By Country, 2012-2024
26. Yield, By Country, 2012-2024
27. Imports, In Physical Terms, 2012–2024
28. Imports, In Value Terms, 2012–2024
29. Imports, In Physical Terms, By Country, 2024
30. Imports, In Physical Terms, By Country, 2012–2024
31. Imports, In Value Terms, By Country, 2012–2024
32. Import Prices, By Country, 2012–2024
33. Exports, In Physical Terms, 2012–2024
34. Exports, In Value Terms, 2012–2024
35. Exports, In Physical Terms, By Country, 2024
36. Exports, In Physical Terms, By Country, 2012–2024
37. Exports, In Value Terms, By Country, 2012–2024
38. Export Prices, 2012–2024