Norway - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Stearic Acid Price in Norway - 2023
Contents:
- Industrial Stearic Acid Price in Norway (CIF) - 2022
- Industrial Stearic Acid Price in Norway (FOB) - 2022
- Industrial Stearic Acid Imports in Norway
- Industrial Stearic Acid Exports in Norway
Industrial Stearic Acid Price in Norway (CIF) - 2022
The average industrial stearic acid import price stood at $2,171 per ton in 2022, jumping by 39% against the previous year. Overall, the import price continues to indicate tangible growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($2,794 per ton), while the price for Sweden ($2,051 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+53.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Industrial Stearic Acid Price in Norway (FOB) - 2022
In 2022, the average industrial stearic acid export price amounted to $987 per ton, which is down by -45.4% against the previous year. Overall, the export price recorded a pronounced setback. The growth pace was the most rapid in 2021 when the average export price increased by 94%. As a result, the export price attained the peak level of $1,808 per ton, and then contracted notably in the following year.
As there is only one major export destination, the average price level is determined by prices for the Czech Republic.
From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +26.5% per year.
Industrial Stearic Acid Imports in Norway
In 2022, the amount of industrial stearic acid imported into Norway reduced modestly to 495 tons, with a decrease of -4% on the previous year. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 13%.
In value terms, industrial stearic acid imports skyrocketed to $1.1M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Industrial Stearic Acid in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 726 | 440 | 635 | 873 | 6.3% |
| Denmark | 63.4 | 35.8 | 118 | 163 | 37.0% |
| Germany | 32.2 | 0.2 | 15.3 | 21.5 | -12.6% |
| Others | 56.2 | 48.3 | 38.7 | 17.3 | -32.5% |
| Total | 878 | 525 | 807 | 1,074 | 6.9% |
Top Suppliers of Industrial Stearic Acid to Norway in 2022:
- Sweden (425.4 tons)
- Denmark (58.2 tons)
- Germany (9.6 tons)
Industrial Stearic Acid Exports in Norway
In 2022, overseas shipments of industrial stearic acid increased by 705% to 46 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a dramatic descent.
In value terms, industrial stearic acid exports soared to $45K in 2022. In general, exports, however, saw a precipitous descent.
| Export of Industrial Stearic Acid in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 77.4 | 69.7 | 9.4 | 45.2 | -16.4% |
| Sweden | N/A | 10.4 | N/A | N/A | 0% |
| Switzerland | 16.4 | N/A | N/A | N/A | 0% |
| Others | 2.5 | N/A | 0.9 | N/A | -40.0% |
| Total | 96.3 | 80.2 | 10.3 | 45.2 | -22.3% |
Top Export Markets for Industrial Stearic Acid from Norway in 2022:
- Czech Republic (45.8 tons)
This report provides an in-depth analysis of the industrial stearic 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 20143120 - Industrial stearic acid
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
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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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