Norway: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Norway

In 2022, the Norwegian halogenated hydrocarbon derivative market increased by 468% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Halogenated Hydrocarbon Derivative Production in Norway

In value terms, halogenated hydrocarbon derivative production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 139%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Norway

In 2022, after two years of decline, there was significant growth in overseas shipments of halogenated derivatives of hydrocarbons, when their volume increased by 5,854% to X tons. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 35,486% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, halogenated hydrocarbon derivative exports surged to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 24,641% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Spain (X tons), Sweden (X tons) and the Netherlands (X kg) were the main destinations of halogenated hydrocarbon derivative exports from Norway, together comprising 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 Spain (with a CAGR of +87.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Norway were Sweden ($X), Spain ($X) and the Netherlands ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +92.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, which is down by -8.9% against the previous year. Over the period under review, the export price saw a abrupt downturn. The growth pace was the most rapid in 2017 an increase of 83% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($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 (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Norway

In 2022, imports of halogenated derivatives of hydrocarbons into Norway dropped to X tons, which is down by -9.4% against the previous year's figure. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2014 when imports increased by 184% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative imports reached $X in 2022. Overall, imports, however, saw a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of 68%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and China (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Norway, together accounting for 58% of total imports. The United States, Sweden, France, Poland, Denmark, Italy, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest halogenated hydrocarbon derivative suppliers to Norway were Sweden ($X), the United States ($X) and the UK ($X), together comprising 64% of total imports. China, Germany, France, Italy, Denmark, the Netherlands, Poland and the Czech Republic lagged somewhat behind, together comprising a further 32%.

France, with a CAGR of +29.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, increasing by 15% against the previous year. Overall, the import price posted a measured expansion. The pace of growth appeared the most rapid in 2015 an increase of 172%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, 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 ($X per ton), while the price for Poland ($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 Czech Republic (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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