Norway: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Norway

The Norwegian oxygen-function amino-compound market skyrocketed to $X in 2021, picking up by 45% against the previous year. The market value increased at an average annual rate of +4.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oxygen-Function Amino-Compound Production in Norway

In value terms, oxygen-function amino-compound production declined remarkably to $X in 2021 estimated in export price. Overall, production, however, posted a strong increase. The growth pace was the most rapid in 2020 with an increase of 47%. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Oxygen-Function Amino-Compound Exports

Exports from Norway

In 2021, approx. X tons of oxygen-function amino-compounds were exported from Norway; remaining relatively unchanged against the previous year. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, oxygen-function amino-compound exports rose to $X in 2021. Overall, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +16.3% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 19% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for oxygen-function amino-compound exports from Norway, accounting for a 38% share of total exports. Moreover, oxygen-function amino-compound exports to India exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +232.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+5.7% per year) and Germany (-0.6% per year).

In value terms, India ($X) remains the key foreign market for oxygen-function amino-compounds exports from Norway, comprising 37% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +208.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.4% per year) and Germany (-2.0% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, with an increase of 4.4% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 the United States ($X per ton), while the average price for exports to Brazil ($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 Spain (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Norway

In 2021, approx. X tons of oxygen-function amino-compounds were imported into Norway; jumping by 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oxygen-function amino-compound imports surged to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), China (X tons) and the United States (X tons) were the main suppliers of oxygen-function amino-compound imports to Norway, with a combined 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen-function amino-compound suppliers to Norway were the United States ($X), China ($X) and Germany ($X), together comprising 47% of total imports.

China, with a CAGR of +23.3%, recorded 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

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, with an increase of 25% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 UK ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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