Norway - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Urea and Thiourea Resins in Norway - 2023
Contents:
- Price for Urea and Thiourea Resins in Norway (CIF) - 2023
- Price for Urea and Thiourea Resins in Norway (FOB) - 2022
- Imports of Urea and Thiourea Resins in Norway
- Exports of Urea and Thiourea Resins in Norway
Price for Urea and Thiourea Resins in Norway (CIF) - 2023
The average urea and thiourea resins import price stood at $4,468 per ton in September 2023, declining by -70.4% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 186% month-to-month. The import price peaked at $15,087 per ton in August 2023, and then reduced dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,508 per ton), while the price for Sweden amounted to $2,245 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Urea and Thiourea Resins in Norway (FOB) - 2022
The average urea and thiourea resins export price stood at $1,850 per ton in 2022, reducing by -10% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins export price increased by +19.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 29%. As a result, the export price attained the peak level of $2,056 per ton, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($4,697 per ton), while the average price for exports to Lithuania ($919 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 Slovakia (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Urea and Thiourea Resins in Norway
In 2022, supplies from abroad of urea resins and thiourea resins in primary forms increased by 13% to 345 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable setback.
In value terms, urea and thiourea resins imports surged to $1.4M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Urea and Thiourea Resins in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 830 | 868 | 1,073 | 1,226 | 13.9% |
| Sweden | 8.9 | 65.7 | 35.3 | 95.5 | 120.6% |
| Poland | 3.6 | N/A | 0.2 | 84.3 | 186.1% |
| Netherlands | 239 | 293 | 80.9 | 15.3 | -60.0% |
| Others | 61.0 | 29.6 | 26.9 | 18.8 | -32.5% |
| Total | 1,143 | 1,256 | 1,216 | 1,440 | 8.0% |
Top Suppliers of Urea and Thiourea Resins to Norway in 2022:
- Germany (261.7 tons)
- Sweden (47.0 tons)
- Poland (24.4 tons)
- Netherlands (6.9 tons)
Exports of Urea and Thiourea Resins in Norway
In 2022, the amount of urea resins and thiourea resins in primary forms exported from Norway contracted to 15K tons, waning by -2.3% on the year before. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 2.2%.
In value terms, urea and thiourea resins exports reduced to $28M in 2022. In general, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of $32M, and then fell in the following year.
| Export of Urea and Thiourea Resins in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 6.8 | 6.6 | 8.4 | 7.5 | 3.3% |
| United States | 1.3 | 1.4 | 3.9 | 5.0 | 56.7% |
| Canada | 2.9 | 2.8 | 4.1 | 3.9 | 10.4% |
| United Kingdom | 1.3 | 1.0 | 1.5 | 1.5 | 4.9% |
| Germany | 1.4 | 0.6 | 0.7 | 0.3 | -40.2% |
| China | 1.9 | 1.0 | 0.4 | 0.1 | -62.5% |
| Cote d'Ivoire | 0.9 | 0.7 | 0.1 | N/A | -66.7% |
| Others | 12.8 | 10.1 | 12.8 | 9.8 | -8.5% |
| Total | 29.4 | 24.3 | 32.0 | 28.1 | -1.5% |
Top Export Markets for Urea and Thiourea Resins from Norway in 2022:
- Sweden (5.4K tons)
- United States (1.5K tons)
- Canada (1.1K tons)
- United Kingdom (0.6K tons)
- China (0.1K tons)
- Germany (0.1K tons)
This report provides an in-depth analysis of the market for urea and thiourea resins 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 20165550 - Urea resins and thiourea resins, in primary forms
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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