Norway: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Norway

The Norwegian cyclanes, cyclenes and cycloterpenes market declined rapidly to $X in 2021, shrinking by -54.7% 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 saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Norway

In 2021, after two years of decline, there was significant growth in shipments abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), when their volume increased by 299% to X tons. In general, exports enjoyed a significant increase. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes exports soared to $X in 2021. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for cyclanes, cyclenes and cycloterpenes exports from Norway, accounting for a 51% share of total exports. Moreover, cyclanes, cyclenes and cycloterpenes exports to Belgium exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.8% per year) and South Korea (-13.6% per year).

In value terms, Belgium ($X) emerged as the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Norway, comprising 34% of total exports. The second position in the ranking was taken by China ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.3% per year) and South Korea (-32.0% per year).

Export Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes export price amounted to $X per ton, waning by -1.6% against the previous year. Overall, the export price, however, recorded a measured increase. The pace of growth was the most pronounced in 2019 an increase of 100%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($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 China (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Norway

In 2021, supplies from abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -55.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes imports reduced markedly to $X in 2021. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 35%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes to Norway, accounting for a 53% share of total imports. Moreover, cyclanes, cyclenes and cycloterpenes imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +41.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-28.5% per year) and the UK (+25.6% per year).

In value terms, China ($X), Germany ($X) and Denmark ($X) appeared to be the largest cyclanes, cyclenes and cycloterpenes suppliers to Norway, together comprising 75% of total imports.

Among the main suppliers, China, with a CAGR of +378.0%, recorded 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

The average cyclanes, cyclenes and cycloterpenes import price stood at $X per ton in 2021, growing by 57% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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