Norway: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Norway

The Norwegian polycarboxylic acid market amounted to $X in 2022, leveling off at 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). The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Polycarboxylic acid consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Polycarboxylic Acid Exports

Exports from Norway

In 2022, shipments abroad of polycarboxylic acids decreased by -74.4% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2020 with an increase of 116% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, polycarboxylic acid exports declined significantly to $X in 2022. Over the period under review, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 76% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), the UK (X tons) and the United States (X tons) were the main destinations of polycarboxylic acid exports from Norway, together comprising 68% of total exports. Saudi Arabia, Austria, Germany and Japan lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +23.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and the UK ($X) constituted the largest markets for polycarboxylic acid exported from Norway worldwide, with a combined 62% share of total exports. Austria, Saudi Arabia, Germany and Japan lagged somewhat behind, together comprising a further 26%.

Austria, with a CAGR of +23.8%, 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 polycarboxylic acid export price stood at $X per ton in 2022, increasing by 131% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the UK ($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 States (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Norway

In 2022, polycarboxylic acid imports into Norway dropped to X tons, falling by -11% compared with 2021. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, polycarboxylic acid imports reached $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 79% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of polycarboxylic acid imports to Norway, together accounting for 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +52.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) were the largest polycarboxylic acid suppliers to Norway, together comprising 76% of total imports.

The Netherlands, with a CAGR of +50.0%, saw the highest growth rate of 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 2022, the average polycarboxylic acid import price amounted to $X per ton, picking up by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Spain ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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