Norway: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Norway

In 2021, the Norwegian market for unsaturated polyesters in primary forms was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption showed a mild decline. Unsaturated polyesters in primary forms consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in Norway

In value terms, unsaturated polyesters in primary forms production expanded notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 9%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Norway

In 2021, the amount of unsaturated polyesters in primary forms exported from Norway soared to X tons, growing by 78% against the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for unsaturated polyesters in primary forms exports from Norway, accounting for a 44% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Sweden exceeded the volume sent to the second major destination, Poland (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-9.8% per year) and Germany (-18.6% per year).

In value terms, Sweden ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Norway, comprising 43% of total exports. The second position in the ranking was taken by Poland ($X), with a 4.3% share of total exports. It was followed by Germany, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-8.7% per year) and Germany (-15.5% per year).

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, jumping by 29% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Denmark ($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 Russia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Norway

After two years of decline, purchases abroad of unsaturated polyesters in primary forms increased by 24% to X tons in 2021. In general, imports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 31%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Norway, with a 45% share of total imports. Moreover, unsaturated polyesters in primary forms imports from the UK exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-1.8% per year) and India (+45.3% per year).

In value terms, the UK ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Norway, comprising 49% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 12% share of total imports. It was followed by Finland, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+16.2% per year) and Finland (-1.0% per year).

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, increasing by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. 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, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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