Norway: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Norway

The Norwegian market for prepared glues and other prepared adhesives rose remarkably to $X in 2021, surging by 15% 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). In general, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Norway

Exports of prepared glues and other prepared adhesives from Norway fell to X tons in 2021, which is down by -3.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 45%. Over the period under review, the exports of attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. The total export value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 28%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Norway, with a 48% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Sweden exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+86.1% per year) and China (+7.8% per year).

In value terms, Sweden ($X), Vietnam ($X) and China ($X) were the largest markets for prepared glues and other prepared adhesives exported from Norway worldwide, with a combined 55% share of total exports.

Vietnam, with a CAGR of +83.2%, saw the highest growth rate of 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

In 2021, the average export price for prepared glues and other prepared adhesives amounted to $X per ton, increasing by 27% against the previous year. In general, export price indicated a modest increase from 2012 to 2021: its price 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. Based on 2021 figures, export price for prepared glues and other prepared adhesives increased by +68.3% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the average price for exports to Russia ($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 (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Norway

Imports of prepared glues and other prepared adhesives into Norway rose significantly to X tons in 2021, picking up by 7.9% against the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 17%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives rose notably to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Norway, with a combined 72% share of total imports. These countries were followed by Belgium, Denmark, the UK and the Netherlands, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and the UK ($X) constituted the largest prepared glues and other prepared adhesives suppliers to Norway, with a combined 52% share of total imports. Belgium, Italy, the Netherlands and Denmark lagged somewhat behind, together comprising a further 22%.

Belgium, with a CAGR of +4.5%, 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

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, picking up by 5.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs 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, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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