Oleo oils Market Overview in Norway
In value terms, oleo oils production reached $ in 2019 estimated in export prices. Over the period under review, production saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2012 when the production volume increased by % y-o-y. Oleo oils production peaked at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
The size of the oleo oils market in Norway rose modestly to $ in 2019, with an increase of % 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). Over the period under review, consumption showed a perceptible decline. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.