Norway: Thiosulphates Market 2024

Thiosulphates Market Size in Norway

In 2021, the Norwegian thiosulphates market decreased by -41.2% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then declined notably in the following year.

Thiosulphates Exports

Exports from Norway

In 2021, approx. X tons of thiosulphates were exported from Norway; growing by 368% against the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 523%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, thiosulphates exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 672%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tons), the United States (X tons) and Egypt (X tons) were the main destinations of thiosulphates exports from Norway, together accounting for 45% of total exports. The United Arab Emirates, Panama, the Netherlands, South Africa, Turkey, China, Japan and Sweden lagged somewhat behind, together comprising a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +756.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for thiosulphates exported from Norway were the Netherlands ($X), Singapore ($X) and the United States ($X), with a combined 48% share of total exports. These countries were followed by China, Egypt, Panama, the United Arab Emirates, Turkey, South Africa, Japan and Sweden, which together accounted for a further 36%.

The United Arab Emirates, with a CAGR of +391.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average thiosulphates export price amounted to $X per ton, with a decrease of -59.5% against the previous year. Overall, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 81%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to South Africa ($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 (-8.4%), while the prices for the other major destinations experienced a decline.

Thiosulphates Imports

Imports into Norway

Thiosulphates imports into Norway expanded markedly to X tons in 2021, surging by 12% compared with the previous year's figure. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2019 with an increase of 81% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, thiosulphates imports expanded significantly to $X in 2021. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 64%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

Italy (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of thiosulphates imports to Norway, together comprising 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +50.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of thiosulphates to Norway, comprising 44% of total imports. The second position in the ranking was taken by Denmark ($X), with a 21% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+34.1% per year) and Italy (0.0% per year).

Import Prices by Country

The average thiosulphates import price stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Italy ($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 (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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