Norway: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Norway

The Norwegian adhesive bandage market declined to $X in 2022, waning by -14.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a pronounced contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Adhesive Bandage Exports

Exports from Norway

In 2022, overseas shipments of adhesive bandages increased by 23% to X tons, rising for the second consecutive year after three years of decline. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 43% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, adhesive bandage exports reached $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 41% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for adhesive bandage exports from Norway, accounting for a 36% share of total exports. Moreover, adhesive bandage exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), twofold. Denmark (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.4% per year) and Denmark (+7.6% per year).

In value terms, Sweden ($X), Germany ($X) and Switzerland ($X) appeared to be the largest markets for adhesive bandage exported from Norway worldwide, together comprising 61% of total exports. Spain, Denmark, the UK, the Netherlands and Finland lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, Spain, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, with a decrease of -16.5% against the previous year. Over the period under review, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and the UK ($X per ton), while the average price for exports to Denmark ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.8%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into Norway

In 2022, the amount of adhesive bandages imported into Norway dropped to X tons, falling by -3.8% compared with the previous year's figure. Overall, imports recorded a perceptible slump. The pace of growth was the most pronounced in 2016 with an increase of 11%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, adhesive bandage imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adhesive bandage to Norway, with a 30% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.4% per year) and Germany (-4.4% per year).

In value terms, Finland ($X), China ($X) and Hungary ($X) appeared to be the largest adhesive bandage suppliers to Norway, together accounting for 48% of total imports. These countries were followed by Germany, France, the UK, the United States, Poland, Spain, Sweden, the Czech Republic, Italy and the Netherlands, which together accounted for a further 45%.

The Czech Republic, with a CAGR of +85.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, shrinking by -1.8% against the previous year. Overall, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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