Norway: Basic Dye Market 2024

Basic Dye Market Size in Norway

The Norwegian basic dye market contracted notably to $X in 2021, with a decrease of -86.6% 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). Over the period under review, consumption faced a precipitous slump. Basic dye consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Basic Dye Exports

Exports from Norway

In 2021, shipments abroad of basic dyes and preparations based thereon increased by 738% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,576%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, basic dye exports surged to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 2,208%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Finland (X kg) was the main destination for basic dye exports from Norway, accounting for a 38% share of total exports. Moreover, basic dye exports to Finland exceeded the volume sent to the second major destination, Sweden (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+23.6% per year) and the UK (+5.3% per year).

In value terms, the largest markets for basic dye exported from Norway were Finland ($X), Sweden ($X) and the UK ($X), together accounting for 92% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +34.3%, saw 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 basic dye export price stood at $X per ton in 2021, falling by -34.3% against the previous year. In general, the export price, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2015 an increase of 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($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 Poland (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Norway

In 2021, imports of basic dyes and preparations based thereon into Norway dropped remarkably to X tons, shrinking by -87.4% on the previous year's figure. In general, imports faced a precipitous descent. The pace of growth was the most pronounced in 2013 when imports increased by 28%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, basic dye imports declined notably to $X in 2021. Overall, imports saw a dramatic decline. The growth pace was the most rapid in 2019 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of basic dye to Norway, with a 62% share of total imports. Moreover, basic dye imports from Spain exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. Australia (X kg) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-11.5% per year) and Australia (0.0% per year).

In value terms, Spain ($X), Finland ($X) and Australia ($X) appeared to be the largest basic dye suppliers to Norway, with a combined 63% share of total imports. These countries were followed by India, Germany, the UK, Italy and Sweden, which together accounted for a further 10%.

India, with a CAGR of +19.1%, 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 mixed trend patterns.

Import Prices by Country

The average basic dye import price stood at $X per ton in 2021, picking up by 54% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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