Norway: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2025

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Norway

The Norwegian reaction initiators and accelerators market expanded remarkably to $X in 2022, picking up by 6% against the previous year. Overall, consumption, however, continues to indicate buoyant growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Norway

In value terms, reaction initiators and accelerators production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 538%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Norway

In 2022, reaction initiators and accelerators exports from Norway contracted dramatically to X tons, dropping by -19.1% compared with the previous year's figure. Over the period under review, exports recorded a mild shrinkage. The growth pace was the most rapid in 2014 when exports increased by 18%. Over the period under review, the exports attained the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, reaction initiators and accelerators exports dropped dramatically to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 60% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X tons), Germany (X tons) and Sweden (X tons) were the main destinations of reaction initiators and accelerators exports from Norway, together comprising 52% of total exports. Finland, Poland, Belgium, France, the Netherlands, Nigeria, the UK, Slovakia, Lithuania and Denmark lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +68.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for reaction initiators and accelerators exported from Norway were Austria ($X), Germany ($X) and Sweden ($X), together comprising 49% of total exports. Finland, Belgium, Poland, Denmark, the UK, France, Nigeria, the Netherlands, Slovakia and Lithuania lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, Nigeria, with a CAGR of +70.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, declining by -6.9% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators export price increased by +29.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 38%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the Netherlands ($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 Denmark (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Norway

In 2022, after two years of growth, there was significant decline in overseas purchases of reaction initiators, reaction accelerators and catalytic preparations, when their volume decreased by -28.3% to X tons. Overall, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, reaction initiators and accelerators imports declined to $X in 2022. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2017 when imports increased by 25%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of reaction initiators and accelerators to Norway, accounting for a 61% share of total imports. Moreover, reaction initiators and accelerators imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+32.9% per year) and Belgium (+31.0% per year).

In value terms, Germany ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Norway, comprising 33% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.4% per year) and Belgium (+31.0% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, increasing by 31% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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