![Norway - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/norway-animal-fats-and-oils-market-analysis-forecast-size-trends-and-insights.webp)
Norway - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingAnimal Fats Price in Norway - 2023
Contents:
- Animal Fats Price in Norway (CIF) - 2022
- Animal Fats Price in Norway (FOB) - 2022
- Animal Fats Imports in Norway
- Animal Fats Exports in Norway
Animal Fats Price in Norway (CIF) - 2022
The average animal fats import price stood at $14,823 per ton in 2022, picking up by 3.3% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 3.9% against the previous year. The import price peaked at $49,774 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($452,083 per ton), while the price for Canada ($4,639 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Animal Fats Price in Norway (FOB) - 2022
The average animal fats export price stood at $5,210 per ton in 2022, with a decrease of -2.7% against the previous year. In general, the export price showed a deep reduction. The growth pace was the most rapid in 2019 an increase of 31%. Over the period under review, the average export prices hit record highs at $11,406 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,406 per ton), while the average price for exports to Ecuador ($664 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.8%), while the prices for the other major destinations experienced a decline.
Animal Fats Imports in Norway
For the fourth consecutive year, Norway recorded growth in supplies from abroad of animal fats and oils, which increased by 6.6% to 223 tons in 2022. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 199% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, animal fats imports expanded remarkably to $3.3M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 32%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Animal Fats in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 257 | 452 | 1,021 | 972 | 55.8% |
Iceland | 252 | 359 | 448 | 506 | 26.2% |
Faroe Islands | N/A | 134 | N/A | N/A | 0% |
Others | 1,220 | 1,337 | 1,534 | 1,829 | 14.5% |
Total | 1,729 | 2,282 | 3,003 | 3,307 | 24.1% |
Top Suppliers of Animal Fats to Norway in 2022:
- Canada (209.6 tons)
- Iceland (4.0 tons)
Animal Fats Exports in Norway
In 2022, the amount of animal fats and oils exported from Norway surged to 214 tons, picking up by 412% on 2021 figures. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 505% against the previous year. As a result, the exports reached the peak of 281 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, animal fats exports surged to $1.1M in 2022. In general, exports saw a significant increase.
Export of Animal Fats in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 177 | 1,202 | 101 | 621 | 52.0% |
Australia | 42.4 | 242 | 21.7 | 133 | 46.4% |
New Zealand | 94.4 | 102 | 6.4 | 80.8 | -5.1% |
Germany | 3.6 | 35.5 | 9.5 | 58.2 | 152.9% |
Denmark | 14.5 | 113 | 8.6 | 52.8 | 53.8% |
Finland | 19.7 | 97.0 | 6.2 | 37.7 | 24.2% |
Turkey | 17.5 | 21.2 | 4.0 | 26.0 | 14.1% |
Sweden | 5.4 | 50.0 | 3.6 | 22.1 | 60.0% |
Ecuador | 2.0 | 12.0 | 2.0 | 12.0 | 81.7% |
Iceland | 0.9 | 3.5 | 0.5 | 3.1 | 51.0% |
Others | 49.2 | 128 | 59.8 | 67.5 | 11.1% |
Total | 426 | 2,005 | 224 | 1,115 | 37.8% |
Top Export Markets for Animal Fats from Norway in 2022:
- United States (83.9 tons)
- Australia (29.4 tons)
- Denmark (20.4 tons)
- Ecuador (18.1 tons)
- Germany (12.8 tons)
- New Zealand (12.1 tons)
- Finland (6.7 tons)
- Turkey (6.2 tons)
- Iceland (5.3 tons)
- Sweden (4.0 tons)
This report provides an in-depth analysis of the animal fats 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 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the animal fats market in Norway.
This report provides an in-depth analysis of the vegetable oils market in Norway.
This report provides an in-depth analysis of the global animal fats market.
This report provides an in-depth analysis of the global vegetable oils market.
This report provides an in-depth analysis of the animal fats market in Norway.
This report provides an in-depth analysis of the vegetable oils market in Norway.
This report provides an in-depth analysis of the global animal fats market.
This report provides an in-depth analysis of the global vegetable oils market.
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.