Norway: Fluoropolymers Market 2024

Fluoropolymers Market Size in Norway

The Norwegian fluoropolymers market expanded modestly to $X in 2021, increasing by 2.7% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Fluoropolymers Production in Norway

In value terms, fluoropolymers production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Fluoropolymers Exports

Exports from Norway

After two years of growth, shipments abroad of fluoropolymers decreased by -76.2% to X kg in 2021. In general, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 3,408%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, fluoropolymers exports fell dramatically to $X in 2021. Over the period under review, exports showed a sharp decline. The growth pace was the most rapid in 2019 with an increase of 4,341% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg), Spain (X kg) and Sweden (X kg) were the main destinations of fluoropolymers exports from Norway, together comprising 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +150.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) emerged as the key foreign market for fluoropolymers exports from Norway, comprising 59% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+106.6% per year) and Sweden (-42.3% per year).

Export Prices by Country

In 2021, the average fluoropolymers export price amounted to $X per ton, jumping by 40% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Sweden ($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 Canada (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Norway

In 2021, overseas purchases of fluoropolymers were finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 156% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fluoropolymers imports surged to $X in 2021. In general, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 99%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of fluoropolymers to Norway, with a 39% share of total imports. Moreover, fluoropolymers imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.5% per year) and the United States (+3.8% per year).

In value terms, the UK ($X) constituted the largest supplier of fluoropolymers to Norway, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports. It was followed by the United States, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.6% per year) and the United States (+7.9% per year).

Import Prices by Country

The average fluoropolymers import price stood at $X per ton in 2021, rising by 84% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France ($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 UK (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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