What is the price of soyabean oil per kilogram/pound in Norway today?
The retail price range for Norway soyabean oil is between US$ 0.70 and US$ 0.70 per kilogram or between US$ 0.32 and US$ 0.32 per pound(lb). Click here to see today's exact prices of soyabean oil in Norway
The retail price range in Norwegian Krone for soyabean oil is between NOK 7.70 and NOK 7.70 per kilogram or between NOK 3.49 and NOK 3.49 per pound(lb) in Oslo and Bergen.
Wholesale prices
In 2024, the approximate wholesale price range for Norway soyabean oil is between US$ 0.49 and US$ 0.49 per kilogram or between US$ 0.22 and US$ 0.22 per pound(lb).
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Norway Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Norway over the last five years has been relatively stable. In 2016, the price was 0.75 US $ per kg, followed by 0.7 US $ per kg in 2017. In 2018, the price increased to 0.88 US $ per kg, and then decreased to 0.85 US $ per kg in 2019. In 2020, the price rose to 1.07 US $ per kg, and then further increased to 1.31 US $ per kg in 2021. This year, the price has dropped to 0.00 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from Norway will be 0.90 US $ per kg in 2023 and 1.15 US $ per kg in 2024.The exports of soyabean oil from Norway are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
Norway Soyabean Oil Import Prices - Historical, Trends and Prediction
Export values for Norway soyabean oil
The total values in export for soyabean oil in Norway were US$ 62,230, US$ 59,597, US$ 49,268 and US$ 53,131 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Norway: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Europe: Georgia soyabean oil, Albania soyabean oil, Belarus soyabean oil, Bosnia and Herzegovina soyabean oil, Bulgaria soyabean oil, Croatia soyabean oil, Czech Republic soyabean oil, Estonia soyabean oil, Greece soyabean oil & Hungary soyabean oil.
Norway soyabean oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of soyabean oil shipped by Norway in 2020 was 81,068 metric tons. In 2019 Norway shipped 72,660 tonnes of soyabean oil. For 2019 alone, the interest in Norway soyabean oil (processed category) has increased, flactuating by 19.81 pc compared to the year 2018. Between 2017 and 2019, soyabean oil's exports increased by 3.8 pc bringing the exporter US$53.13m for the year 2019. Norway's soyabean oil exports are classified as:
- Crude soya-bean oil, whether or not degummed (HS code 150710)
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
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Norway soyabean oil export values
In 2019, Norway supplied soyabean oil worth 53.13m USD, an increase of 7.84% from 2018's total soyabean oil export of 49.268m USD. The annual change in value of Norway soyabean oil between 2017 to 2018 was -17.331 percent.
The per year variation in the volume of Norway's soyabean oil exports between 2017 and 2019 was 3.8 per cent compared to a variation of 19.81% in the period between 2018 and 2019.
Norway's share of the world's total soyabean oil's exports in 2019 was less than 1%. The country is ranked position 44 in world exports of soyabean oil.
Export markets for Norway soyabean oil ( in '000$ )
Norway's leading destinations for soyabean oil are Sweden, Denmark, the Netherlands, United Kingdom (UK) and Spain.
Import/Export Trends
Norway is a net importer of soyabean oil. The annual growth of Norway soyabean oil in value between 2015 to 2019 was -19%, per annum, while annual growth in quantity through the same period was -26%, per annum.
Norway brought in 8,304 tonnes of soyabean oil in 2019.