| Product Code: ETC5022162 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Norway`s soybean import market in 2024 continued to be dominated by key suppliers such as Brazil, Poland, Canada, Romania, and China. Despite a slight CAGR of 1.61% from 2020 to 2024, the market experienced a significant decline in growth rate of -20.98% from 2023 to 2024. The high concentration in the market, indicated by a high HHI, suggests a competitive landscape among the top exporting countries vying for a share in Norway`s soybean import market. Monitoring future trends and developments in this market will be crucial for stakeholders to navigate potential shifts in supplier dynamics.

Norway's Soybean market is anticipated to experience a high growth rate of 10.11% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Norway Soybean Market Overview |
3.1 Norway Country Macro Economic Indicators |
3.2 Norway Soybean Market Revenues & Volume, 2021 & 2031F |
3.3 Norway Soybean Market - Industry Life Cycle |
3.4 Norway Soybean Market - Porter's Five Forces |
3.5 Norway Soybean Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Norway Soybean Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of soybeans |
4.2.2 Growing demand for plant-based protein sources in Norway |
4.2.3 Favorable government policies supporting sustainable agriculture practices |
4.3 Market Restraints |
4.3.1 Limited domestic production of soybeans in Norway |
4.3.2 Dependence on imports, leading to potential supply chain disruptions |
4.3.3 Price volatility in the global soybean market impacting local prices |
5 Norway Soybean Market Trends |
6 Norway Soybean Market Segmentations |
6.1 Norway Soybean Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 Norway Soybean Market Revenues & Volume, By Crush, 2021-2031F |
6.1.3 Norway Soybean Market Revenues & Volume, By Feed Use, 2021-2031F |
6.1.4 Norway Soybean Market Revenues & Volume, By Food Use, 2021-2031F |
7 Norway Soybean Market Import-Export Trade Statistics |
7.1 Norway Soybean Market Export to Major Countries |
7.2 Norway Soybean Market Imports from Major Countries |
8 Norway Soybean Market Key Performance Indicators |
8.1 Percentage increase in demand for soy-based products in Norway |
8.2 Adoption rate of sustainable farming practices within the soybean industry |
8.3 Growth in the number of soybean processing facilities in Norway |
9 Norway Soybean Market - Opportunity Assessment |
9.1 Norway Soybean Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Norway Soybean Market - Competitive Landscape |
10.1 Norway Soybean Market Revenue Share, By Companies, 2024 |
10.2 Norway Soybean Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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