Report Norway - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Norway - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Norway

In 2021, after four years of decline, there was significant growth in the Norwegian nitric and sulphonitric acids market, when its value increased by 49% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Nitric and sulphonitric acids consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Nitric Acid And Sulphonitric Acids in Norway

In value terms, nitric and sulphonitric acids production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 127%. Nitric and sulphonitric acids production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Norway

In 2021, overseas shipments of nitric acid and sulphonitric acids increased by 2% to X tons, rising for the sixth consecutive year after three years of decline. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when exports increased by 50% against the previous year. 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, nitric and sulphonitric acids exports amounted to $X in 2021. In general, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 20%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of nitric and sulphonitric acids exports from Norway, together accounting for 82% of total exports. These countries were followed by Finland and Sweden, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +118.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Belgium ($X) and Germany ($X) were the largest markets for nitric and sulphonitric acids exported from Norway worldwide, with a combined 88% share of total exports. Sweden and Finland lagged somewhat behind, together accounting for a further 12%.

Finland, with a CAGR of +93.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of 6.6%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Finland ($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 Belgium (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Norway

In 2021, purchases abroad of nitric acid and sulphonitric acids was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed significant growth. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2021. Overall, imports posted a resilient increase. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest nitric and sulphonitric acids supplier to Norway, accounting for a 23% share of total imports. Moreover, nitric and sulphonitric acids imports from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+63.7% per year) and Belgium (-2.1% per year).

In value terms, Sweden ($X) constituted the largest supplier of nitric acid and sulphonitric acids to Norway, comprising 63% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.3% per year) and Poland (+41.3% per year).

Import Prices by Country

The average nitric and sulphonitric acids import price stood at $X per ton in 2021, which is down by -56.6% against the previous year. In general, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 182%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Sweden ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest nitric and sulphonitric acids consuming country worldwide, comprising approx. 23% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.5% share.
China constituted the country with the largest volume of nitric and sulphonitric acids production, comprising approx. 23% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 9.7% share.
In value terms, the largest nitric and sulphonitric acids suppliers to Norway were Poland, Finland and Belgium, together comprising 73% of total imports.
In value terms, the largest markets for nitric and sulphonitric acids exported from Norway were Denmark, Belgium and Sweden, together accounting for 93% of total exports. Finland, Germany and the Netherlands lagged somewhat behind, together accounting for a further 7.2%.
The average nitric and sulphonitric acids export price stood at $156 per ton in 2021, growing by 44% against the previous year.
In 2021, the average nitric and sulphonitric acids import price amounted to $732 per ton, picking up by 18% against the previous year.

This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 20151050 - Nitric acid, sulphonitric acids

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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