Market research

Soybean oil and fractions market in Sweden

$Soybean oil and fractions market in Sweden$

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

The market volume for soybean oil and fractions in Sweden fluctuated between 2018 and 2023. It started at 20 038 t in 2018, then grew by 24% to 24 810 t in 2019. The following year saw a slight stabilization at 24 578 t. In 2021, the volume dipped to 23 944 t, but then surged by 16% to reach 27 656 t in 2022. However, in 2023, the market contracted sharply by 21% to 21 903 t.

In 2024, new regulations came into effect, including mandatory sorting of non-liquid food waste and liquid fats from January 1, which may affect the handling and distribution of vegetable oils like soybean oil. Additionally, Swedish consumers showed increasing preference for non-GMO and organic products, while global harvests in South America and the U.S. continued to influence supply and price volatility for soybean oil imports.

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 and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Sweden
  1. 5.1.1. Annual dynamics of production in Sweden in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Sweden in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ 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, t
    1. 7.1.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ 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, t
    1. 7.2.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ 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, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 soybean oil and fractions in Sweden

In kind, 2017-2020, t

Top producers of soybean oil and fractions, 2017-2020

Source: SHEV.io

World map of production of soybean oil and fractions, 2017-2020

Source: SHEV.io

In 2019, Sweden's production of soybean oil and fractions reached its peak at 4 980 t, marking a 6.9% increase from the previous year. However, by 2020, production had fallen to 4 156 t, representing a significant 16.5% decline compared to 2019. Over the period from 2017 to 2020, overall production decreased by 12.6%, which translates to an average annual decline of 4.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.1%)	6.9%	(16.5%)	(4.4%)

Source: SHEV.io

In value, 2017-2020, K $ US

Following two years of growth, Sweden's production of soybean oil and fractions in monetary terms experienced a downturn. In 2019, output peaked at 7 041 K $ US, reflecting an 8.3% rise. By 2020, however, production had dropped to 6 583 K $ US, a 6.5% decrease from the previous year. From 2017 to 2020, production overall increased by 5.1%, averaging a 1.7% annual growth rate.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.8%	8.3%	(6.5%)	1.7%

Source: SHEV.io

Exports soybean oil and fractions from Sweden

Exports in kind, t

Sweden's exports of soybean oil and fractions in volume terms have declined for three consecutive years. In 2020, exports totaled 6 675 t, down 14.3% from 2019. Over the 2017-2020 period, exports fell by 52.1%, with a compound annual growth rate (CAGR) of -21.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(25.6%)	(24.8%)	(14.3%)	(21.7%)

Source: SHEV.io

From 2017 to 2020, the Netherlands, Norway, and Ireland were the primary destinations for Sweden's soybean oil and fractions exports in volume terms. The Netherlands accounted for 35.5% of exports, Norway for 22.3%, and Ireland for 12.9%. Together, these three countries represented 70.7% of Sweden's total exports in kind.

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, K $ US

Sweden's exports of soybean oil and fractions in value terms have also declined for three years in a row. In 2020, exports amounted to 10 573 K $ US, a 4.0% decrease compared to 2019. Between 2017 and 2020, exports dropped by 42.3%, with an annualized decline rate of 16.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(21.1%)	(23.9%)	(4.0%)	(16.8%)

Source: SHEV.io

During 2017-2020, the Netherlands, Norway, and Austria were the key markets for Sweden's soybean oil and fractions exports in value terms. The Netherlands held a 29.1% share, Norway 17.1%, and Austria 14.5%. Collectively, these three countries accounted for 60.7% of Sweden's 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 soybean oil and fractions to Sweden

Imports in kind, t

In 2018, Sweden's imports of soybean oil and fractions in volume terms hit their lowest point at 25 742 t, a sharp 27.4% decline from the previous year. Imports then rebounded in 2019, increasing by 7.3% to 27 097 t, before falling slightly by 1.9% to 27 097 t in 2020. Over the 2017-2020 period, imports decreased by 23.6%, with a CAGR of -8.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.4%)	7.3%	(1.9%)	(8.6%)

Source: SHEV.io

From 2017 to 2020, Norway dominated Sweden's imports of soybean oil and fractions in volume terms, accounting for 94.6% of total imports in kind.

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, K $ US

After two years of contraction, Sweden's imports of soybean oil and fractions in value terms saw a modest increase. In 2019, imports reached their lowest level at 21 353 K $ US, following a 30.1% drop in 2018. In 2020, imports rose to 21 821 K $ US, a slight 2.2% increase from 2019. Overall, from 2017 to 2020, imports decreased by 30.6%, with an annualized decline rate of 11.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(30.1%)	(2.8%)	2.2%	(11.5%)

Source: SHEV.io

Between 2017 and 2020, Norway was the predominant source for Sweden's imports of soybean oil and fractions in value terms, representing 92.6% of total import flows.

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