Norway: Propellant Powders Market 2024

Propellant Powders Market Size in Norway

In 2021, the Norwegian propellant powders market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decrease. Propellant powders consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Propellant Powders Production in Norway

In value terms, propellant powders production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Propellant Powders Exports

Exports from Norway

In 2021, shipments abroad of propellant powders increased by 8.9% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a pronounced increase. The pace of growth was the most pronounced in 2020 when exports increased by 340% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, propellant powders exports soared to $X in 2021. Over the period under review, exports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 348% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X tons), France (X tons) and Poland (X tons) were the main destinations of propellant powders exports from Norway, with a combined 53% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +217.2%), while shipments for the other leaders experienced a decline.

In value terms, France ($X) emerged as the key foreign market for propellant powders exports from Norway, comprising 38% of total exports. The second position in the ranking was held by Poland ($X), with a 9.5% share of total exports. It was followed by Switzerland, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +162.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-9.1% per year) and Switzerland (-32.7% per year).

Export Prices by Country

In 2021, the average propellant powders export price amounted to $X per ton, rising by 42% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($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 Czech Republic (+164.8%), while the prices for the other major destinations experienced a decline.

Propellant Powders Imports

Imports into Norway

In 2021, propellant powders imports into Norway soared to X tons, increasing by 32% compared with 2020 figures. In general, imports, however, showed a pronounced reduction. The growth pace was the most rapid in 2017 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, propellant powders imports surged to $X in 2021. Overall, imports showed a mild increase. The pace of growth appeared the most rapid in 2017 when imports increased by 80%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X tons), Finland (X tons) and Switzerland (X tons) were the main suppliers of propellant powders imports to Norway, together accounting for 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +12.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest propellant powders suppliers to Norway were Switzerland ($X), Sweden ($X) and Finland ($X), with a combined 88% share of total imports.

Finland, with a CAGR of +11.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average propellant powders import price amounted to $X per ton, with an increase of 9.1% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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