Finland: United States Tall Oil Exports to the Nordics Surge

In 2023, the value of U.S. tall oil exports to Finland and Sweden rose to nearly a quarter of a billion dollars. This is mainly due to a surge of the price of tall oil as the demand as feedstock for the production of advanced biofuels is increasing while the availability is limited. Because Finland and Sweden will further expand their biofuel production capacity in the next five years, their import demand for tall oil is forecast to grow accordingly.