Norway: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Norway

In 2021, the Norwegian aromatic polyamines market decreased by -1.7% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a mild descent. Aromatic polyamines consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Aromatic Polyamines Production in Norway

In value terms, aromatic polyamines production shrank modestly to $X in 2021 estimated in export price. Overall, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23%. Aromatic polyamines production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Aromatic Polyamines Exports

Exports from Norway

After three years of growth, overseas shipments of aromatic polyamines and their derivatives, salts thereof decreased by -12.4% to X tons in 2021. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 148% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic polyamines exports surged to $X in 2021. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 124% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for aromatic polyamines exports from Norway, accounting for a 54% share of total exports. Moreover, aromatic polyamines exports to Indonesia exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-16.6% per year) and Vietnam (+14.1% per year).

In value terms, Indonesia ($X) remains the key foreign market for aromatic polyamines and their derivatives, salts thereof exports from Norway, comprising 52% of total exports. The second position in the ranking was held by the UK ($X), with a 23% share of total exports. It was followed by Vietnam, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +94.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-16.4% per year) and Vietnam (+9.3% per year).

Export Prices by Country

The average aromatic polyamines export price stood at $X per ton in 2021, growing by 31% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into Norway

In 2021, purchases abroad of aromatic polyamines and their derivatives, salts thereof decreased by -64% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2013 when imports increased by 48% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, aromatic polyamines imports dropped dramatically to $X in 2021. Over the period under review, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 80% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Italy (X kg) were the main suppliers of aromatic polyamines imports to Norway, together accounting for 84% of total imports. Malaysia, Switzerland, India, Germany, Japan and the United States lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +2.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest aromatic polyamines suppliers to Norway were the Netherlands ($X), Belgium ($X) and Italy ($X), together comprising 61% of total imports. These countries were followed by the United States, Malaysia, India, Switzerland, Germany and Japan, which together accounted for a further 23%.

Among the main suppliers, Malaysia, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average aromatic polyamines import price stood at $X per ton in 2021, jumping by 19% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2016 an increase of 61% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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