Norway: Market for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons 2024

Market Size for Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Norway

The Norwegian cyclanic, cyclenic hydrocarbons derivatives market dropped to $X in 2022, shrinking by -11.1% against the previous year. In general, consumption faced a dramatic decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons in Norway

In value terms, cyclanic, cyclenic hydrocarbons derivatives production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 3.4%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Exports from Norway

Cyclanic, cyclenic hydrocarbons derivatives exports from Norway skyrocketed to X kg in 2022, jumping by 117% against 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives exports soared to $X in 2022. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 758% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil (X kg), Guyana (X kg) and the United Arab Emirates (X kg) were the main destinations of cyclanic, cyclenic hydrocarbons derivatives exports from Norway, together accounting for 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +66.1%), while the other leaders experienced more modest paces of growth.

In value terms, Guyana ($X) emerged as the key foreign market for halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons exports from Norway, comprising 63% of total exports. The second position in the ranking was held by Brazil ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Guyana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+150.7% per year) and the United Arab Emirates (0.0% per year).

Export Prices by Country

In 2022, the average cyclanic, cyclenic hydrocarbons derivatives export price amounted to $X per ton, growing by 154% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,079%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per ton), while the average price for exports to Brazil ($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 Brazil (+50.9%).

Imports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

Imports into Norway

In 2022, cyclanic, cyclenic hydrocarbons derivatives imports into Norway soared to X kg, rising by 58% against the year before. Over the period under review, imports, however, showed a sharp reduction. The growth pace was the most rapid in 2016 when imports increased by 828%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cyclanic, cyclenic hydrocarbons derivatives imports skyrocketed to $X in 2022. Overall, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by 1,200% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X kg) constituted the largest supplier of cyclanic, cyclenic hydrocarbons derivatives to Norway, accounting for a 68% share of total imports. Moreover, cyclanic, cyclenic hydrocarbons derivatives imports from the UK exceeded the figures recorded by the second-largest supplier, China (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.1% per year) and Russia (-17.7% per year).

In value terms, the UK ($X) constituted the largest supplier of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons to Norway, comprising 87% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.7% per year) and Russia (-40.1% per year).

Import Prices by Country

The average cyclanic, cyclenic hydrocarbons derivatives import price stood at $X per ton in 2022, dropping by -17.2% against the previous year. Over the period under review, the import price, however, saw a resilient increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 63%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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