Refined Soybean Oil Market Overview in Norway
In value terms, refined soybean oil production skyrocketed to $ in 2019 estimated in export prices. Overall, production showed a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by % year-to-year. Refined soybean oil production peaked in 2019 and is expected to retain growth in the immediate term.
The revenue of the refined soybean oil market in Norway skyrocketed to $ in 2019, jumping by % 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 continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in the immediate term.