Norway: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Norway

The Norwegian soap in different forms market shrank sharply to $X in 2021, with a decrease of -28.2% 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). Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value 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, consumption increased by +35.3% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Exports of Soap In Different Forms

Exports from Norway

In 2021, the amount of soap in different forms exported from Norway contracted slightly to X tons, declining by -2.3% compared with 2020. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 346%. The exports peaked at X tons in 2020, and then fell modestly in the following year.

In value terms, soap in different forms exports expanded modestly to $X in 2021. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 195% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for soap in different forms exports from Norway, with a 91% share of total exports. Moreover, soap in different forms exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +32.9%.

In value terms, Sweden ($X) remains the key foreign market for soap in different forms exports from Norway, comprising 84% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +13.3%.

Export Prices by Country

The average soap in different forms export price stood at $X per ton in 2021, rising by 4.4% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-14.8%).

Imports of Soap In Different Forms

Imports into Norway

Soap in different forms imports into Norway reduced to X tons in 2021, with a decrease of -10.5% against 2020. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% 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 +64.3% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, soap in different forms imports declined markedly to $X in 2021. Over the period under review, imports, however, posted noticeable growth. The pace of growth was the most pronounced in 2020 when imports increased by 83%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

Sweden (X tons), Poland (X tons) and France (X tons) were the main suppliers of soap in different forms imports to Norway, with a combined 84% share of total imports. These countries were followed by Denmark, the Czech Republic, the Netherlands and the UK, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +117.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of soap in different forms to Norway, comprising 46% of total imports. The second position in the ranking was taken by Poland ($X), with a 15% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.3% per year) and France (-1.2% per year).

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2021, dropping by -21.6% against the previous year. Over the period under review, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 29%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 the Netherlands (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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