Norway: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Norway

After two years of decline, the Norwegian organo-inorganic compounds market increased by 43% to $X in 2021. Overall, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Norway

In 2021, shipments abroad of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 198% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, organo-inorganic compounds exports surged to $X in 2021. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 75%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for organo-inorganic compounds exports from Norway, with a 76% share of total exports. Moreover, organo-inorganic compounds exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+40.4% per year) and India (-9.2% per year).

In value terms, Sweden ($X) remains the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from Norway, comprising 79% of total exports. The second position in the ranking was held by Denmark ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+19.0% per year) and India (-21.2% per year).

Export Prices by Country

In 2021, the average organo-inorganic compounds export price amounted to $X per ton, growing by 3.9% against the previous year. In general, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 73% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Denmark ($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 Finland (+4.2%), while the prices for the other major destinations experienced a decline.

Organo-Inorganic Compounds Imports

Imports into Norway

In 2021, supplies from abroad of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 36% to X tons, rising for the second year in a row after three years of decline. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 41%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, organo-inorganic compounds imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 49%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of organo-inorganic compounds imports to Norway, with a combined 73% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest organo-inorganic compounds suppliers to Norway were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined 47% share of total imports.

The Netherlands, with a CAGR of +11.9%, 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 organo-inorganic compounds import price stood at $X per ton in 2021, increasing by 7.2% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2013 when the average import price increased by 26%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 Japan ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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