Norway: Alcohols Market 2021

Alcohols Market Size in Norway

The Norwegian alcohols market skyrocketed to $X in 2020, increasing by X% against the previous year. In general, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Alcohols Production in Norway

In value terms, alcohols production contracted to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Alcohols Exports

Exports from Norway

Alcohols exports from Norway dropped significantly to X tons in 2020, reducing by -X% compared with the previous year's figure. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2019, and then fell sharply in the following year.

In value terms, alcohols exports shrank remarkably to $X in 2020. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Sweden (X tons) was the main destination for alcohols exports from Norway, with a X% share of total exports. Moreover, alcohols exports to Sweden exceeded the volume sent to the second major destination, Russia (X tons), ninefold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Sweden stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and the Netherlands (-X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for alcohols exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Sweden amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, the export price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2020, the countries with the highest prices were Russia ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Poland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Norway

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into Norway; increasing by X% compared with the year before. In general, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, alcohols imports amounted to $X in 2020. Overall, imports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

The U.S. (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of alcohols imports to Norway, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S., while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and Sweden ($X) were the largest alcohols suppliers to Norway, together accounting for X% of total imports. These countries were followed by India, the Netherlands, Denmark, Saudi Arabia and Belgium, which together accounted for a further X terms of the main suppliers, India saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the import price recorded a slight shrinkage. The growth pace was the most rapid in 2008 an increase of X% y-o-y. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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