Norway: Sulphonamides Market 2025

Sulphonamides Market Size in Norway

After three years of growth, the Norwegian sulphonamides market decreased by -10.3% to $X in 2021. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.1% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Sulphonamides Production in Norway

In value terms, sulphonamides production contracted to $X in 2021 estimated in export price. Overall, production showed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 45% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Sulphonamides Exports

Exports from Norway

In 2021, shipments abroad of sulphonamides was finally on the rise to reach X tons after eight years of decline. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphonamides exports surged to $X in 2021. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iceland (X tons) was the main destination for sulphonamides exports from Norway, accounting for a 94% share of total exports. It was followed by the Netherlands (X kg), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iceland amounted to +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.7% per year) and Denmark (-16.6% per year).

In value terms, Iceland ($X) remains the key foreign market for sulphonamides exports from Norway, comprising 86% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iceland amounted to +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.3% per year) and Denmark (-31.8% per year).

Export Prices by Country

In 2021, the average sulphonamides export price amounted to $X per ton, falling by -8.8% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2013 when the average export price decreased by -5.8%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Denmark ($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 Netherlands (-3.1%), while the prices for the other major destinations experienced a decline.

Sulphonamides Imports

Imports into Norway

In 2021, imports of sulphonamides into Norway contracted to X kg, with a decrease of -12.4% compared with the previous year. Overall, imports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 228%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sulphonamides imports surged to $X in 2021. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by 200%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X kg) constituted the largest supplier of sulphonamides to Norway, with a 30% share of total imports. Moreover, sulphonamides imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), twofold. Denmark (X kg) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-23.4% per year) and Denmark (-43.5% per year).

In value terms, the largest sulphonamides suppliers to Norway were China ($X), India ($X) and Germany ($X), together comprising 39% of total imports. These countries were followed by Belgium, the United States, the Netherlands, Sweden and Denmark, which together accounted for a further 18%.

Belgium, with a CAGR of +91.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sulphonamides import price stood at $X per ton in 2021, jumping by 238% against the previous year. Overall, the import price saw a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+58.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :