Norway - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Norway - 2023
Contents:
- Benzoic Acid Price in Norway (CIF) - 2022
- Benzoic Acid Price in Norway (FOB) - 2022
- Benzoic Acid Imports in Norway
- Benzoic Acid Exports in Norway
Benzoic Acid Price in Norway (CIF) - 2022
In 2022, the average benzoic acid import price amounted to $1,370 per ton, surging by 9.5% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 14% against the previous year. The import price peaked at $1,728 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,689 per ton), while the price for the Netherlands ($1,292 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Benzoic Acid Price in Norway (FOB) - 2022
In 2022, the average benzoic acid export price amounted to $1,217 per ton, waning by -10% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of 83% against the previous year. As a result, the export price reached the peak level of $3,083 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($1,647 per ton) and the Netherlands ($1,423 per ton), while the average price for exports to Sweden ($1,148 per ton) and Denmark ($1,171 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.6%), while the prices for the other major destinations experienced a decline.
Benzoic Acid Imports in Norway
In 2022, imports of benzoic acid, its salts and esters into Norway dropped rapidly to 2.3K tons, declining by -29.7% against the previous year's figure. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year.
In value terms, benzoic acid imports fell notably to $3.2M in 2022. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, imports reached the peak of $4.1M, and then shrank notably in the following year.
| Import of Benzoic Acid in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,459 | 1,237 | 1,776 | 2,751 | 23.5% |
| Denmark | 115 | 146 | 107 | 187 | 17.6% |
| China | 43.1 | 144 | 190 | 119 | 40.3% |
| Germany | 415 | 58.9 | 42.9 | 43.0 | -53.0% |
| Others | 1,746 | 1,530 | 2,032 | 95.8 | -62.0% |
| Total | 3,778 | 3,116 | 4,149 | 3,195 | -5.4% |
Top Suppliers of Benzoic Acid to Norway in 2022:
- Netherlands (2128.7 tons)
- Denmark (107.0 tons)
- China (44.2 tons)
- Germany (19.2 tons)
Benzoic Acid Exports in Norway
In 2022, overseas shipments of benzoic acid, its salts and esters decreased by -40.2% to 24 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,048%. As a result, the exports reached the peak of 40 tons, and then fell rapidly in the following year.
In value terms, benzoic acid exports declined significantly to $29K in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,199%. As a result, the exports attained the peak of $55K, and then shrank markedly in the following year.
| Export of Benzoic Acid in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.9 | 2.1 | 13.6 | 20.2 | 182.1% |
| China | 0.3 | 0.9 | 3.2 | 5.1 | 157.1% |
| Denmark | 0.3 | 0.9 | 1.5 | 3.9 | 135.1% |
| Netherlands | N/A | 0.3 | 18.7 | 0.1 | -42.3% |
| United States | N/A | N/A | 15.3 | N/A | 0% |
| Others | 0.1 | N/A | 2.3 | 0.1 | 0.0% |
| Total | 1.6 | 4.2 | 54.5 | 29.4 | 163.9% |
Top Export Markets for Benzoic Acid from Norway in 2022:
- Sweden (17.6 tons)
- Denmark (3.3 tons)
- China (3.1 tons)
- Netherlands (0.1 tons)
This report provides an in-depth analysis of the benzoic acid market 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 20143363 - Benzoic acid, its salts and esters
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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