Market research

Soybean oilcake market in Norway

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Norwegian soybean oilcake market exhibited significant volatility from 2018 to 2023. Domestic market volume peaked at 226 thousand tons in 2019 before contracting to 161 thousand tons in 2020. A partial recovery to 173 thousand tons in 2021 was followed by a sharp decline to 110 thousand tons in 2022, with the market then rebounding to 126 thousand tons in 2023.

These fluctuations were closely tied to changes in domestic production and trade. Production fell from 325 thousand tons in 2018 to 293 thousand tons in 2023, with a pronounced low of 235 thousand tons in 2022. Over the same period, imports collapsed from 53 thousand tons to just 2 thousand tons, while exports declined from 178 thousand tons to 169 thousand tons, altering the supply balance for the domestic market.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Norway
  1. 5.1.1. In kind, 2018-2023, K t
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, M $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, K t
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Norway in kind, 2018-2025, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Norway by countries, 2018-2025, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Norway in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Norway by countries, 2018-2025, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Norway, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Norway by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Norway in kind, 2018-2025, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Norway by countries, 2018-2025, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Norway in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Norway by countries, 2018-2025, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Norway, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Norway by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Norway in kind, 2018-2025, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Norway by countries, 2018-2025, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Norway in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Norway by countries, 2018-2025, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Norway, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Norway by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Norway in kind, 2018-2025, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Norway by countries, 2018-2025, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Norway in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Norway by countries, 2018-2025, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Norway, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Norway by countries, 2018-2025, $ 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, 2018-2025
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 oilcake in Norway

In kind, 2018-2021, K t

Top producers of soybean oilcake, 2018-2021

Source: SHEV.io

World map of production of soybean oilcake, 2018-2021

Source: SHEV.io

In 2021, Norway produced 349 K t of soybean oilcake, representing a 6.4% increase from the previous year. Over the period from 2018 to 2021, production grew by 7.5%, with a compound annual growth rate (CAGR) of 2.4%. The most significant decline occurred in 2020, when production fell by 3.0%.

Annual dynamics of production in Norway in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	4.2%	(3.0%)	6.4%	2.4%

Source: SHEV.io

Exports soybean oilcake from Norway

Exports in kind, K t

In 2021, Norway exported 186.6 K t of soybean oilcake, marking a controlled decline of 6.9% compared to the prior year. From 2018 to 2021, exports increased by 5.1%, with a CAGR of 1.7%. The lowest export volume was recorded in 2019 at 156.2 K t, while the highest was in 2020 at 200.4 K t. The largest decline occurred in 2019, with a drop of 12.0%, and the largest increase was in 2020, with a rise of 28.3%.

Annual dynamics of product's exports from Norway in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(12.0%)	28.3%	(6.9%)	1.7%

Source: SHEV.io

From 2018 to 2021, Sweden was the primary buyer of soybean oilcake from Norway, accounting for 76.6% of total exports in kind, while other trading partners held relatively modest shares.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Norway in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Soybean oilcake exports from Norway increased for the second consecutive year in 2021, reaching 98 546 K $ US, which represents a substantial rise of 12.7% year-over-year. Between 2018 and 2021, exports grew by 10%, equating to an annualized rate of 3.2%. The lowest value was recorded in 2019 at 69 006 K $ US, with the largest decline that year at 23.0%, while the largest increase occurred in 2020 at 26.8%.

Annual dynamics of product's exports from Norway in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(23.0%)	26.8%	12.7%	3.2%

Source: SHEV.io

Throughout 2018 to 2021, Sweden dominated the country structure of exports in value terms, accounting for 77.0% of total flows, with other destinations contributing relatively small shares.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Norway in value, 2018-2021

Source: SHEV.io

Imports soybean oilcake to Norway

Imports in kind, K t

Cross-border shipments of soybean oilcake to Norway declined for the third consecutive year. In 2021, imports were recorded at 10.1 K t, which is 69.9% lower compared to the previous year. Between 2018 and 2021, imports decreased by 81%, equating to an annualized rate of 42.5%.

Annual dynamics of product's imports to Norway in kind, 2018-2021, K t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(17.0%)	(23.8%)	(69.9%)	(42.5%)

Source: SHEV.io

From 2018 to 2021, the three largest markets for imports in kind were Brazil, China, and Russia, which together accounted for 88.4% of total flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Norway in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Foreign soybean oilcake supplies to Norway declined for the third consecutive year. In 2021, Norway imported a total of 8 047 K $ US of soybean oilcake, which is 57.0% lower compared to the previous year. Between 2018 and 2021, imports decreased by 73.8%, equating to an annualized rate of 36.0%.

Annual dynamics of product's imports to Norway in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(25.1%)	(18.8%)	(57.0%)	(36.0%)

Source: SHEV.io

In 2018 to 2021, Brazil, China, and Russia continued to lead as the main suppliers of soybean oilcake to Norway in value terms, with shares of 58.6%, 15.9%, and 12.2% respectively, jointly accounting for 86.8% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Norway in value, 2018-2021

Source: SHEV.io