Sweden Edible Oil Market Outlook

sweden’s edible oil market is largely defined by domestic production and imports of oil products from neighboring countries. the swedish edible oil market is estimated at around 600 million liters. the production and sale of edible oil in sweden has increased notably in the past decade, and in 2017, swedish domestic production accounted for about 25 percent of total edible oil sales in the country. in 2018, canola, sunflower, and rapeseed oil were the most commonly produced edible oils in the country. canola oil accounts for around 74 percent of total swedish edible oil production, while rapeseed and sunflower oils account for around 15 and 11 percent, respectively. despite the dominance of domestic production, the import of oil products also accounts for a large proportion of total edible oil consumption. in 2018, 35 percent of total swedish edible oil consumption was sourced from imports, with the majority of imports coming from countries such as russia, ukraine, denmark, and the netherlands. looking forward over the next decade, the swedish edible oil market is expected to grow at a rate of 3.5 percent from 2018 to 2032, driven primarily by increased domestic demand for edible oils. this demand is projected to be fueled primarily by rising consumer interest in alternative oil sources and a growing demand for vegetable oils in the production of biodiesels. at the same time, sweden is predicted to reduce its reliance on imports, with domestic production expected to make up the majority of edible oil supply by 2032. this will be bolstered by an expected increase in investments in the swedish edible oil industry, which will further encourage domestic production. overall, the outlook for the swedish edible oil market is expected to remain positive over the next decade, with steady growth anticipated due to increased domestic demand. by 2032, expect the majority of edible oil consumption in sweden to be sourced from domestic production, with much of the remainder supplied by international imports.