Soybean oil domestic consumption in Norway was at 9.0 thousand metric tons in 2023. The forecast for 2024 sees consumption maintaining at 9.0 thousand metric tons, continuing through 2025 and 2026. However, a drop to 8.0 thousand metric tons is expected in 2027 and 2028. This indicates a notable decline from 2026 to 2027.
Year-on-year variations:
- 2024-2025: 0% (no change)
- 2025-2026: 0% (no change)
- 2026-2027: -11.1% (decrease)
- 2027-2028: 0% (no change)
Future trends to watch for include potential shifts in consumer preferences, policy changes on imports and health regulations, and global soybean oil price fluctuations which could impact domestic consumption patterns in Norway.
