Rapeseed Oil Market Overview in Norway
In value terms, rapeseed oil production reached $ in 2019 estimated in export prices. In general, production saw a pronounced descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by % against the previous year. Norway production peaked at $ in 2008; however, from 2009 to 2019, production remained at a lower figure.
The size of the rapeseed oil market in Norway reached $ in 2019, picking up 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). Overall, consumption recorded resilient growth. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.