Report Update Nov 1, 2024

Norway - Monoethanolamine and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Monoethanolamine Market 2024

Monoethanolamine Market Size in Norway

The Norwegian monoethanolamine market dropped sharply to $X in 2021, falling by -21.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a perceptible decline. Monoethanolamine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Monoethanolamine Exports

Exports from Norway

In 2021, shipments abroad of monoethanolamine and its salts decreased by -46.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 180% against the previous year. The exports peaked at X tons in 2020, and then shrank remarkably in the following year.

In value terms, monoethanolamine exports fell dramatically to $X in 2021. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2019 with an increase of 155% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then dropped significantly in the following year.

Exports by Country

The UK (X tons) was the main destination for monoethanolamine exports from Norway, with a 60% share of total exports. Moreover, monoethanolamine exports to the UK exceeded the volume sent to the second major destination, France (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +38.4%.

In value terms, the UK ($X) emerged as the key foreign market for monoethanolamine and its salts exports from Norway, comprising 54% of total exports. The second position in the ranking was taken by France ($X), with a 7.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +35.8%.

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, dropping by -21% against the previous year. Overall, the export price showed a mild descent. The pace of growth was the most pronounced in 2019 an increase of 47%. 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 failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.9%), while the prices for the other major destinations experienced a decline.

Monoethanolamine Imports

Imports into Norway

In 2021, approx. X tons of monoethanolamine and its salts were imported into Norway; which is down by -33.9% against the previous year's figure. In general, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of 29%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, monoethanolamine imports dropped to $X in 2021. Overall, imports saw a pronounced decline. The growth pace was the most rapid in 2013 with an increase of 34%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of monoethanolamine to Norway, with a 19% share of total imports. Moreover, monoethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. Sweden (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-1.5% per year) and Sweden (-13.6% per year).

In value terms, the United States ($X) constituted the largest supplier of monoethanolamine and its salts to Norway, comprising 17% of total imports. The second position in the ranking was taken by Denmark ($X), with a 6.2% share of total imports. It was followed by Sweden, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-2.2% per year) and Sweden (-15.0% per year).

Import Prices by Country

In 2021, the average monoethanolamine import price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 the Netherlands ($X per ton), while the price for Saudi Arabia ($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 Netherlands (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for monoethanolamine and its salts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 34% share of global consumption. These countries were followed by Russia, Canada, the UK, Brazil, Germany, Japan, Turkey, Mexico, Italy and Spain, which together accounted for a further 39%.

What are the largest producers of monoethanolamine and its salts in the world?

The countries with the highest volumes of in 2021 were the United States, Saudi Arabia and China, together comprising 49% of global production.

What are the leading suppliers of monoethanolamine and its salts to Norway?

In value terms, Sweden constituted the largest supplier of monoethanolamine to Norway, comprising 52% of total imports. The second position in the ranking was occupied by Belgium, with a 20% share of total imports. It was followed by the Netherlands, with a 9.4% share.

What is the average import price for monoethanolamine and its salts in Norway?

The average monoethanolamine import price stood at $1,186 per ton in 2021, almost unchanged from the previous year.

This report provides an in-depth analysis of the monoethanolamine market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144233 - Monoethanolamine and its salts

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023