Norway: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Norway

The Norwegian market for compounds with other nitrogen function (excluding isocyanates) declined to $X in 2022, reducing by -12.2% against the previous year. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Norway

In value terms, compounds with other nitrogen function production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 63% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Norway

In 2022, approx. X kg of compounds with other nitrogen function (excluding isocyanates) were exported from Norway; with a decrease of -96.8% on the year before. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 91,735%. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 2,525%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X kg) was the main destination for compounds with other nitrogen function exports from Norway, with a 82% share of total exports. Moreover, compounds with other nitrogen function exports to Malaysia exceeded the volume sent to the second major destination, Ireland (X kg), ninefold. The third position in this ranking was held by China (X kg), with a 3% share.

From 2015 to 2022, the average annual growth rate of volume to Malaysia totaled +72.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and China (0.0% per year).

In value terms, Ireland ($X) emerged as the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Norway, comprising 59% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by the United States, with a 13% share.

From 2015 to 2022, the average annual growth rate of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26,252.9% per year) and the United States (+25.7% per year).

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per kg, surging by 6,247% against the previous year. In general, the export price recorded significant growth. The export price peaked at $X per kg in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per kg), while the average price for exports to Malaysia ($X per kg) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+26,252.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Norway

In 2022, imports of compounds with other nitrogen function (excluding isocyanates) into Norway shrank markedly to X tons, with a decrease of -46.7% against the previous year. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 69%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, compounds with other nitrogen function imports reduced notably to $X in 2022. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 125%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest compounds with other nitrogen function supplier to Norway, with a 52% share of total imports. Moreover, compounds with other nitrogen function imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +130.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.3% per year) and China (+86.3% per year).

In value terms, France ($X), the UK ($X) and China ($X) constituted the largest compounds with other nitrogen function suppliers to Norway, together comprising 76% of total imports. Italy, Germany and Sweden lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Italy, with a CAGR of +137.2%, recorded the highest rates of growth with regard to 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

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, picking up by 27% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function import price increased by +49.6% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 57%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :