Norway: Bath Preparations Market 2024

Bath Preparations Market Size in Norway

After two years of decline, the Norwegian bath preparations market increased by 12% to $X in 2021. Over the period under review, consumption, however, recorded perceptible growth. Bath preparations consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Bath Preparations Exports

Exports from Norway

In 2021, shipments abroad of perfumed bath salts and other bath preparations decreased by -2% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 187%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bath preparations exports reduced modestly to $X in 2021. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2015 with an increase of 123%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for bath preparations exports from Norway, accounting for a 78% share of total exports. Moreover, bath preparations exports to Sweden exceeded the volume sent to the second major destination, Finland (X kg), fivefold. The third position in this ranking was taken by Denmark (X kg), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+42.8% per year) and Denmark (+57.0% per year).

In value terms, Sweden ($X) remains the key foreign market for perfumed bath salts and other bath preparations exports from Norway, comprising 76% of total exports. The second position in the ranking was held by Finland ($X), with a 9% share of total exports. It was followed by Denmark, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+33.2% per year) and Denmark (+33.8% per year).

Export Prices by Country

The average bath preparations export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Finland ($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 the UK (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into Norway

In 2021, supplies from abroad of perfumed bath salts and other bath preparations decreased by -2.5% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, saw a measured increase. The pace of growth appeared the most rapid in 2017 when imports increased by 112%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, bath preparations imports skyrocketed to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% 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 +17.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of bath preparations to Norway, accounting for a 51% share of total imports. Moreover, bath preparations imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was taken by France (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and France (+10.5% per year).

In value terms, the largest bath preparations suppliers to Norway were Italy ($X), Germany ($X) and the UK ($X), together accounting for 59% of total imports. China, the Netherlands, France, Sweden, Poland and Denmark lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Poland, with a CAGR of +38.4%, saw 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

The average bath preparations import price stood at $X per ton in 2021, growing by 18% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 an increase of 24%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :