Norway: Insecticide Market 2025

Insecticide Market Size in Norway

In 2021, after two years of growth, there was significant decline in the Norwegian insecticide market, when its value decreased by -8.7% to $X. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +32.4% against 2018 indices. Insecticide consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Insecticide Exports

Exports from Norway

In 2021, exports of insecticides from Norway surged to X tons, jumping by 268% on 2020 figures. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 966% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, insecticide exports surged to $X in 2021. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of insecticide exports from Norway, with a combined 96% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +32.2%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) emerged as the key foreign market for insecticides exports from Norway, comprising 94% of total exports. The second position in the ranking was taken by Sweden ($X), with a 3.8% share of total exports. It was followed by Denmark, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+40.5% per year) and Denmark (-0.6% per year).

Export Prices by Country

The average insecticide export price stood at $X per ton in 2021, growing by 706% against the previous year. In general, the export price continues to indicate a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Denmark ($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 Germany (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Insecticide Imports

Imports into Norway

In 2021, after two years of growth, there was significant decline in overseas purchases of insecticides, when their volume decreased by -13.4% to X tons. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 54% against the previous year. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, insecticide imports rose remarkably to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.9% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 55%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of insecticide to Norway, with a 29% share of total imports. Moreover, insecticide imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.7% per year) and Italy (+7.5% per year).

In value terms, Denmark ($X), Thailand ($X) and Sweden ($X) were the largest insecticide suppliers to Norway, together comprising 47% of total imports.

Thailand, with a CAGR of +97.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average insecticide import price stood at $X per ton in 2021, surging by 23% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :