Norway: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Norway

In 2022, the Norwegian barium or aluminium sulphates market increased by 6.3% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.7% against 2019 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Exports of Sulphates Of Barium Or Aluminium

Exports from Norway

For the fourth consecutive year, Norway recorded decline in overseas shipments of sulphates of barium or aluminium, which decreased by -97.8% to X kg in 2022. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by 43% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports dropped rapidly to $X in 2022. Overall, exports showed a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X kg) was the main destination for barium or aluminium sulphates exports from Norway, accounting for a 69% share of total exports. Moreover, barium or aluminium sulphates exports to Italy exceeded the volume sent to the second major destination, Russia (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at -50.2%.

In value terms, Italy ($X) emerged as the key foreign market for sulphates of barium or aluminium exports from Norway, comprising 70% of total exports. The second position in the ranking was taken by Russia ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at -40.5%.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, surging by 274% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+192.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Norway

In 2022, purchases abroad of sulphates of barium or aluminium increased by 19% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, barium or aluminium sulphates imports expanded slightly to $X in 2022. In general, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +62.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Sweden (X tons) was the main barium or aluminium sulphates supplier to Norway, with a 97% share of total imports. It was followed by Italy (X tons), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.3% per year) and Finland (-12.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of sulphates of barium or aluminium to Norway, comprising 87% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.5% per year) and Finland (-9.3% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, waning by -12.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 9.9% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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