Norway: Dichloromethane Market 2024

Dichloromethane Market Size in Norway

The Norwegian dichloromethane market skyrocketed to $X in 2021, rising by 25% 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, however, continues to indicate a noticeable setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Dichloromethane Exports

Exports from Norway

In 2021, approx. X kg of dichloromethane (methylene chloride) were exported from Norway; which is down by -78% on 2020 figures. Overall, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 722% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dichloromethane exports dropped remarkably to $X in 2021. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 1,096%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X kg) was the main destination for dichloromethane exports from Norway, with a 79% share of total exports. Moreover, dichloromethane exports to Sweden exceeded the volume sent to the second major destination, Denmark (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to -19.9%.

In value terms, Sweden ($X) remains the key foreign market for dichloromethane (methylene chloride) exports from Norway, comprising 74% of total exports. The second position in the ranking was held by Denmark ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled -8.4%.

Export Prices by Country

In 2021, the average dichloromethane export price amounted to $X per ton, jumping by 57% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 324% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

Dichloromethane Imports

Imports into Norway

In 2021, overseas purchases of dichloromethane (methylene chloride) increased by 6.8% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, dichloromethane imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of dichloromethane to Norway, accounting for a 23% share of total imports. Moreover, dichloromethane imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.2% per year) and Russia (-7.3% per year).

In value terms, Germany ($X) constituted the largest supplier of dichloromethane (methylene chloride) to Norway, comprising 31% of total imports. The second position in the ranking was held by France ($X), with a 6.7% share of total imports. It was followed by Poland, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.2% per year) and Poland (+5.8% per year).

Import Prices by Country

The average dichloromethane import price stood at $X per ton in 2021, rising by 21% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dichloromethane import price increased by +47.9% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 42%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Russia ($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 Netherlands (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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