Norway: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Norway

The Norwegian synthetic organic colouring matters market declined sharply to $X in 2022, reducing by -20.6% 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). Overall, consumption, however, showed a relatively flat trend pattern. Synthetic organic colouring matters consumption peaked at $X in 2021, and then fell rapidly in the following year.

Exports of Other Synthetic Organic Colouring Matters

Exports from Norway

In 2022, approx. X tons of other synthetic organic colouring matters were exported from Norway; falling by -7.7% on the year before. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, synthetic organic colouring matters exports dropped dramatically to $X in 2022. In general, exports saw a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Indonesia (X tons) and Saudi Arabia (X tons) were the main destinations of synthetic organic colouring matters exports from Norway, with a combined 48% share of total exports. Sweden, Qatar, Malaysia, the United Arab Emirates, Vietnam, Egypt, Thailand, Denmark, Spain and Oman lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +83.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic organic colouring matters exported from Norway were Turkey ($X), Indonesia ($X) and Saudi Arabia ($X), together comprising 45% of total exports. Vietnam, the United Arab Emirates, Sweden, Malaysia, Qatar, Thailand, Egypt, Denmark, Spain and Oman lagged somewhat behind, together accounting for a further 46%.

Qatar, with a CAGR of +78.4%, saw the highest rates of growth with regard to the value of exports, among 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 synthetic organic colouring matters export price stood at $X per ton in 2022, dropping by -9.9% against the previous year. Over the period under review, the export price showed a noticeable slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Synthetic Organic Colouring Matters

Imports into Norway

In 2022, the amount of other synthetic organic colouring matters imported into Norway contracted to X tons, with a decrease of -11.8% against 2021. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, synthetic organic colouring matters imports dropped remarkably to $X in 2022. Overall, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest synthetic organic colouring matters supplier to Norway, accounting for a 37% share of total imports. Moreover, synthetic organic colouring matters imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by India (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and India (+43.0% per year).

In value terms, the largest synthetic organic colouring matters suppliers to Norway were India ($X), France ($X) and Germany ($X), with a combined 59% share of total imports.

In terms of the main suppliers, India, with a CAGR of +38.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, which is down by -6.6% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 5.1%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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