Report Update: May 1, 2024

Norway - Phenols And Other Oils And Oil Products - Market Analysis, Forecast, Size, Trends And Insights

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Price for Phenols and Other Oils and Oil Products in Norway - 2023

Price for Phenols and Other Oils and Oil Products in Norway (CIF) - 2023

The average import price for phenols and other oils and oil products stood at $13,514 per ton in November 2023, picking up by 1,386% against the previous month. In general, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From November 2022 to November 2023, the rate of growth in terms of prices for Germany amounted to +0.7% per month.

Price for Phenols and Other Oils and Oil Products in Norway (FOB) - 2022

In 2022, the average export price for phenols and other oils and oil products amounted to $6,466 per ton, jumping by 120% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 242%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($9,588 per ton), while the average price for exports to Italy ($6,337 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+63.2%).

Imports of Phenols and Other Oils and Oil Products in Norway

After three years of growth, purchases abroad of phenols and other oils and oil products decreased by -2.2% to 3.7K tons in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 161%.

In value terms, imports of phenols and other oils and oil products declined notably to $3.3M in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 170% against the previous year.

Import of Phenols and Other Oils and Oil Products in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	244	883	869	1,700	91.0%
Sweden	6.1	2,105	1,640	810	410.2%
Germany	525	507	1,360	603	4.7%
Netherlands	396	38.4	325	65.4	-45.1%
Others	162	70.4	178	88.4	-18.3%
Total	1,333	3,603	4,372	3,266	34.8%

Top Suppliers of Phenols and Other Oils and Oil Products to Norway in 2022:

Denmark (1951.0 tons)
Sweden (1334.7 tons)
Germany (333.8 tons)
Netherlands (67.2 tons)

Exports of Phenols and Other Oils and Oil Products in Norway

In 2022, approx. 4.8 tons of phenols and other oils and oil products were exported from Norway; with a decrease of -62.9% against 2021. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 2,000% against the previous year. As a result, the exports attained the peak of 13 tons, and then plummeted in the following year.

In value terms, exports of phenols and other oils and oil products dropped notably to $31K in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,300%. As a result, the exports reached the peak of $38K, and then declined notably in the following year.

Export of Phenols and Other Oils and Oil Products in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	8.5	N/A	N/A	24.6	42.5%
Germany	N/A	N/A	N/A	4.4	0%
United Kingdom	N/A	N/A	0.7	1.8	157.1%
Sweden	7.4	2.2	N/A	N/A	-70.3%
Denmark	1.4	0.4	14.3	N/A	219.6%
Romania	N/A	N/A	21.5	N/A	0%
Others	5.2	N/A	1.3	N/A	-50.0%
Total	22.5	2.7	37.7	30.8	11.0%

Top Export Markets for Phenols and Other Oils and Oil Products from Norway in 2022:

Italy (3.9 tons)
Germany (0.7 tons)
United Kingdom (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for phenols and other oils and oil products 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 20147360 - Phenols
Prodcom 20147390 - Other oils and oil products, n.e.c.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023