Norway: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Norway

The Norwegian unsaturated acyclic hydrocarbons market expanded remarkably to $X in 2021, increasing by 9.3% 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). In general, consumption, however, recorded a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Norway

In 2021, exports of unsaturated acyclic hydrocarbons from Norway contracted dramatically to X tons, which is down by -20.9% compared with the year before. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 3,372% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons exports declined remarkably to $X in 2021. Over the period under review, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 4,416% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Norway, with a 48% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+23.7% per year) and Poland (+28.5% per year).

In value terms, Sweden ($X) emerged as the key foreign market for unsaturated acyclic hydrocarbons exports from Norway, comprising 57% of total exports. The second position in the ranking was held by Denmark ($X), with a 28% share of total exports. It was followed by the Netherlands, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+8.7% per year) and the Netherlands (-10.0% per year).

Export Prices by Country

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, waning by -3.7% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated acyclic hydrocarbons export price decreased by -8.1% against 2019 indices. The growth pace was the most rapid in 2019 when the average export price increased by 60% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sweden (+9.8%), while the prices for the other major destinations experienced a decline.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Norway

In 2021, after four years of decline, there was growth in overseas purchases of unsaturated acyclic hydrocarbons, when their volume increased by 3.6% to X tons. Over the period under review, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 7.8%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons imports reached $X in 2021. In general, imports, however, showed a deep reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and Denmark (X tons) were the main suppliers of unsaturated acyclic hydrocarbons imports to Norway, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +22.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest unsaturated acyclic hydrocarbons suppliers to Norway were Denmark ($X), Sweden ($X) and the Netherlands ($X), with a combined 98% share of total imports.

The Netherlands, with a CAGR of +27.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, surging by 6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2017 when the average import price increased by 15%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 Denmark ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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