Market research

Refined palm oil and fractions market in Sweden

$Refined palm oil and fractions market in Sweden$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Following the European Union's update to the Renewable Energy Directive in 2018, which ended transport emission reduction targets that had driven palm oil imports for biofuels, Swedish imports fell to 159 thousand tons in 2019. Imports partially recovered to 171 thousand tons in 2020, while domestic production remained at 29 thousand tons.

In 2021, market volume surged to 217 thousand tons, and production doubled to 55 thousand tons. This growth coincided with the global market dominance of fractionated palm oil, which increased the availability of specialized products. However, in 2022, market volume dropped to 183 thousand tons, and production declined to 48 thousand tons.

By 2023, the EU Deforestation Regulation came into force, requiring importers to ensure traceability and sustainability of palm oil. This led to a sharp fall in imports to 108 thousand tons in 2024. Simultaneously, the Swedish chemical industry initiated a shift to certified sustainable palm oil for cosmetics and hygiene products.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In kind
  1. 4.1.1. Production, 2020-2022
  2. 4.1.2. Imports, 2018-2024
  3. 4.1.3. Exports, 2018-2024
  4. 4.1.4. Market size, 2020-2022
2. 4.2. In value
  1. 4.2.1. Production, 2020-2022
  2. 4.2.2. Imports, 2018-2024
  3. 4.2.3. Exports, 2018-2024
  4. 4.2.4. Market size, 2020-2022
5. Production
1. 5.1. Production in Sweden
  1. 5.1.1. In kind, 2020-2022, t
  2. 5.1.2. In value, 2020-2022, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production refined palm oil and fractions in Sweden

In value, 2017-2020, K $ US

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

In kind, 2017-2020, t

Annual dynamics of production in Sweden in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports refined palm oil and fractions from Sweden

Exports in kind, K t

In 2020, Sweden's exports of refined palm oil and fractions reached 25.4 thousand tons, marking a 3.1% decrease compared to 2019. Over the period from 2017 to 2020, exports declined by 4.1%, which translates to an average annual decrease of 1.4%. The lowest export volume was recorded in 2018 at 24.5 thousand tons, with the largest decline of 7.6% occurring that same year. In contrast, 2019 saw the largest increase in exports, rising by 7.1%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.6%)	7.1%	(3.1%)	(1.4%)

Source: SHEV.io

From 2017 to 2020, Russia, Finland, and Germany consistently dominated Sweden's exports of refined palm oil and fractions in volume terms, collectively accounting for 58.2% of the total shipments.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Sweden in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Sweden's exports of refined palm oil and fractions in value terms grew for the second consecutive year, reaching 36.3 million US dollars in 2020, which was nearly unchanged from the previous year. Between 2017 and 2020, exports decreased by 4.3%, averaging an annual decline of 1.4%. The lowest value was recorded in 2018 at 34.8 million US dollars, with the largest drop of 8.1% occurring that year. In 2019, exports saw the largest increase, rising by 4.1%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.1%)	4.1%	0.1%	(1.4%)

Source: SHEV.io

During 2017–2020, Russia, Finland, and Germany led Sweden's exports of refined palm oil and fractions in value terms, with Russia accounting for 38.3%, Finland for 11.9%, and Germany for 8.6% of total exports. Together, these three markets represented 58.9% of the total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Sweden in value, 2017-2020

Source: SHEV.io

Imports refined palm oil and fractions to Sweden

Imports in kind, K t

In 2020, Sweden's imports of refined palm oil and fractions amounted to 171.1 thousand tons, showing a modest increase of 7.5% compared to the previous year. From 2017 to 2020, imports grew by 21.2%, averaging an annual growth rate of 6.6%. The highest import volume was recorded in 2018 at 180.5 thousand tons, with the largest increase of 27.8% occurring that year. In 2019, imports experienced the largest decline, dropping by 11.8%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	27.8%	(11.8%)	7.5%	6.6%

Source: SHEV.io

From 2017 to 2020, Malaysia, Denmark, and Indonesia were the primary sources for Sweden's imports of refined palm oil and fractions in volume terms, together making up 88.6% of the total imports.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Sweden in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, Sweden's imports of refined palm oil and fractions in value terms totaled 160.3 million US dollars, representing a 14.8% increase from the prior year. Over the period from 2017 to 2020, imports rose by 21.9%, with an average annual growth rate of 6.8%. The peak value was recorded in 2018 at 162.7 million US dollars, with the largest increase of 23.7% occurring that year. In 2019, imports saw the largest decline, falling by 14.1%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	23.7%	(14.1%)	14.8%	6.8%

Source: SHEV.io

Between 2017 and 2020, Denmark, Malaysia, and Indonesia were the largest suppliers of refined palm oil and fractions to Sweden in value terms. Denmark accounted for 33.1% of imports, Malaysia for 31.4%, and Indonesia for 21.9%. Collectively, these three countries formed 86.4% of Sweden's total import value.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Sweden in value, 2017-2020

Source: SHEV.io