Report Update Nov 1, 2024

Norway - Synthetic Organic Tanning Substances - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Norway

In 2021, after two years of decline, there was growth in the Norwegian synthetic organic tanning substances market, when its value increased by 1.1% to $X. Over the period under review, consumption, however, recorded a slight curtailment. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Synthetic Organic Tanning Substances in Norway

In value terms, synthetic organic tanning substances production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined slightly in the following year.

Exports of Synthetic Organic Tanning Substances

Exports from Norway

In 2021, shipments abroad of synthetic organic tanning substances decreased by -1% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,431%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, synthetic organic tanning substances exports expanded slightly to $X in 2021. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 3,994%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for synthetic organic tanning substances exports from Norway, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +68.2%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for synthetic organic tanning substances exports from Norway.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +73.4%.

Export Prices by Country

In 2021, the average synthetic organic tanning substances export price amounted to $X per ton, growing by 4.2% against the previous year. In general, the export price recorded modest growth. The most prominent rate of growth was recorded in 2018 an increase of 167% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +3.1% per year.

Imports of Synthetic Organic Tanning Substances

Imports into Norway

In 2021, supplies from abroad of synthetic organic tanning substances was finally on the rise to reach X tons after two years of decline. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 719% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, synthetic organic tanning substances imports contracted to $X in 2021. Overall, imports recorded a tangible increase. The growth pace was the most rapid in 2016 with an increase of 670% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Latvia (X tons), Russia (X tons) and the UK (X tons) were the main suppliers of synthetic organic tanning substances imports to Norway, with a combined 95% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +53.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of synthetic organic tanning substances to Norway, comprising 46% of total imports. The second position in the ranking was held by Russia ($X), with a 23% share of total imports. It was followed by the UK, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Latvia amounted to +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+4.0% per year) and the UK (+10.4% per year).

Import Prices by Country

In 2021, the average synthetic organic tanning substances import price amounted to $X per ton, shrinking by -16.5% against the previous year. Overall, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic organic tanning substances in the world?

The countries with the highest volumes of in 2021 were China, Russia and India, together accounting for 45% of global consumption.

What are the largest producers of synthetic organic tanning substances in the world?

The countries with the highest volumes of in 2021 were Russia, Italy and India, together accounting for 53% of global production. Spain, Germany, the Netherlands and France lagged somewhat behind, together comprising a further 39%.

What are the leading suppliers of synthetic organic tanning substances to Norway?

In value terms, Russia constituted the largest supplier of synthetic organic tanning substances to Norway, comprising 66% of total imports. The second position in the ranking was occupied by the UK, with a 27% share of total imports.

What is the average import price for synthetic organic tanning substances in Norway?

The average synthetic organic tanning substances import price stood at $380 per ton in 2021, declining by -14.4% against the previous year.

This report provides an in-depth analysis of the market for synthetic organic tanning substances in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20122330 - Synthetic organic tanning substances

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023