Norway: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Norway

The Norwegian industrial monocarboxylic fatty acids market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a mild curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in Norway

In value terms, industrial monocarboxylic fatty acids production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 51%. Industrial monocarboxylic fatty acids production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Norway

In 2021, shipments abroad of industrial monocarboxylic fatty acids increased by 23% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 98%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. In general, exports, however, continue to indicate a sharp decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Norway, accounting for a 71% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to Italy exceeded the volume sent to the second major destination, Chile (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+34.4% per year) and Sweden (-36.5% per year).

In value terms, Italy ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from Norway, comprising 61% of total exports. The second position in the ranking was held by Chile ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to -26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+32.0% per year) and Sweden (-35.3% per year).

Export Prices by Country

In 2021, the average industrial monocarboxylic fatty acids export price amounted to $X per ton, rising by 15% against the previous year. In general, the export price, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Italy ($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 Sweden (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Norway

In 2021, imports of industrial monocarboxylic fatty acids into Norway surged to X tons, rising by 93% against 2020. In general, imports showed a mild increase. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. Over the period under review, imports recorded a notable increase. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of industrial monocarboxylic fatty acids to Norway, with a 61% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +48.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+15.1% per year) and Belgium (-0.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Norway, comprising 54% of total imports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +48.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+16.6% per year) and Belgium (+1.3% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, picking up by 8% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids import price increased by +24.3% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 61%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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