Norway: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Norway

The Norwegian expansible polystyrene market skyrocketed to $X in 2021, surging by 46% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Production in Norway

In value terms, expansible polystyrene production amounted to less than $X in 2021 estimated in export price. In general, production saw a abrupt decline. The pace of growth appeared the most rapid in 2019 with a decrease of 99.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports from Norway

In 2021, approx. X tons of expansible polystyrene in primary forms were exported from Norway; surging by 123% against the year before. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene exports surged to $X in 2021. Over the period under review, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for expansible polystyrene exports from Norway, accounting for a 41% share of total exports. Moreover, expansible polystyrene exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.2% per year) and the UK (+4.7% per year).

In value terms, Sweden ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Norway, comprising 42% of total exports. The second position in the ranking was held by Germany ($X), with a 6.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.2% per year) and the UK (+6.8% per year).

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, with an increase of 89% against the previous year. In general, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($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 Denmark (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into Norway

In 2021, expansible polystyrene imports into Norway soared to X tons, jumping by 16% compared with the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene imports skyrocketed to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of expansible polystyrene imports to Norway, together accounting for 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +132.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest expansible polystyrene suppliers to Norway were Finland ($X), Germany ($X) and the Netherlands ($X), together comprising 93% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +133.8%, 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 expansible polystyrene import price stood at $X per ton in 2021, with an increase of 78% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% 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.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Finland ($X per ton), while the price for the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :