Overview of the Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Norway
In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified rose modestly to $ in 2019 estimated in export prices. Overall, production, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2009 when the production volume increased by % y-o-y. Over the period under review, production reached the maximum level at $ in 2010; however, from 2011 to 2019, production failed to regain the momentum.
The value of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Norway rose slightly to $ in 2019, growing 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 a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.