Norway: Ether Market 2024

Ether Market Size in Norway

The Norwegian ether market fell slightly to $X in 2022, which is down by -2% 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 saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ether Exports

Exports from Norway

In 2022, ether exports from Norway soared to X tons, growing by 143% on 2021 figures. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 425%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, ether exports surged to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 338%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X tons) was the main destination for ether exports from Norway, accounting for a 41% share of total exports. Moreover, ether exports to Denmark exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Nigeria (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark totaled +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+32.9% per year) and Nigeria (-17.5% per year).

In value terms, the largest markets for ether exported from Norway were China ($X), Denmark ($X) and Cote d'Ivoire ($X), together comprising 47% of total exports.

China, with a CAGR of +52.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ether export price stood at $X per ton in 2022, shrinking by -49.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 181% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Ether Imports

Imports into Norway

Ether imports into Norway declined markedly to X tons in 2022, falling by -18.9% on the previous year's figure. In general, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ether imports rose markedly to $X in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main suppliers of ether imports to Norway, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +50.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest ether suppliers to Norway were the Netherlands ($X), Germany ($X) and France ($X), together comprising 73% of total imports. Belgium, the United States, Saudi Arabia, Denmark, Switzerland and Finland lagged somewhat behind, together comprising a further 22%.

Saudi Arabia, with a CAGR of +48.5%, saw the highest rates of growth with regard to 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

In 2022, the average ether import price amounted to $X per ton, picking up by 31% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ether import price increased by +74.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 Finland ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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