Report Update Nov 1, 2024

Sweden - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sweden: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Sweden

The Swedish crude palm oil market soared to $X in 2022, with an increase of 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate buoyant growth. Crude palm oil consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Crude Palm Oil Exports

Exports from Sweden

For the third consecutive year, Sweden recorded decline in shipments abroad of crude palm oil, which decreased by -49.1% to X kg in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 160%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude palm oil exports shrank to $X in 2022. In general, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 56%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X kg) was the main destination for crude palm oil exports from Sweden, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Norway amounted to -16.5%.

In value terms, Norway ($X) also remains the key foreign market for crude palm oil exports from Sweden.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled -20.2%.

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, surging by 88% against the previous year. Overall, the export price, however, recorded a pronounced setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to -2.9% per year.

Crude Palm Oil Imports

Imports into Sweden

In 2022, the amount of crude palm oil imported into Sweden expanded notably to X tons, increasing by 9.5% on the year before. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 2,068%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, crude palm oil imports soared to $X in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,103% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Denmark (X tons) constituted the largest crude palm oil supplier to Sweden, with a 81% share of total imports. Moreover, crude palm oil imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark totaled +121.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.5% per year) and the UK (-36.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of crude palm oil to Sweden, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the UK, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled +116.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.7% per year) and the UK (-24.8% per year).

Import Prices by Country

In 2022, the average crude palm oil import price amounted to $X per ton, increasing by 53% against the previous year. In general, the import price saw moderate growth. The most prominent rate of growth was recorded in 2013 an increase of 86% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?

The country with the largest volume of crude palm oil consumption was Indonesia, accounting for 50% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, twofold. India ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of crude palm oil in the world?

The country with the largest volume of crude palm oil production was Indonesia, accounting for 58% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was occupied by Thailand, with a 4.1% share.

What are the leading suppliers of crude palm oil to Sweden?

In value terms, Denmark constituted the largest supplier of crude palm oil to Sweden, comprising 84% of total imports. The second position in the ranking was occupied by Germany, with a 15% share of total imports.

What are the leading importers of crude palm oil from Sweden?

In value terms, the largest markets for crude palm oil exported from Sweden were Lithuania, the Netherlands and Romania, together accounting for 91% of total exports.

What is the average export price for crude palm oil in Sweden?

The average crude palm oil export price stood at $990 per ton in 2021, dropping by -53.9% against the previous year.

What is the average import price for crude palm oil in Sweden?

In 2021, the average crude palm oil import price amounted to $1,298 per ton, surging by 87% against the previous year.

This report provides an in-depth analysis of the crude palm oil market in Sweden. 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 257 - Oil of palm

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
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