Report Update: May 1, 2024

Norway - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic Rubber Price in Norway - 2023

Synthetic Rubber Price in Norway (CIF) - 2022

The average synthetic rubber import price stood at $2,999 per ton in 2021, rising by 11% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The import price peaked at $3,759 per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Denmark ($5,677 per ton), while the price for the Czech Republic ($1,469 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Rubber Price in Norway (FOB) - 2022

The average synthetic rubber export price stood at $2,394 per ton in 2021, waning by -10.1% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 21%. As a result, the export price attained the peak level of $6,855 per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($35,013 per ton), while the average price for exports to Iceland ($882 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 the United Arab Emirates (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports in Norway

Synthetic rubber imports into Norway declined modestly to 4.9K tons in 2022, which is down by -2.1% compared with 2021 figures. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 4.4% against the previous year.

In value terms, synthetic rubber imports reduced to $14M in 2022. Over the period under review, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year.

Import of Synthetic Rubber in Norway (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Germany	1,478	1,190	3,332	50.1%
Sweden	1,454	1,137	1,949	15.8%
Netherlands	1,319	741	1,045	-11.0%
Spain	115	707	1,037	200.3%
South Korea	3,010	1,705	996	-42.5%
United States	980	1,302	859	-6.4%
Belgium	433	252	854	40.4%
Poland	89.8	113	779	194.5%
Czech Republic	126	69.6	764	146.2%
Denmark	571	575	531	-3.6%
China	153	335	361	53.6%
Russia	N/A	N/A	340	0%
Finland	310	166	301	-1.5%
Others	5,548	4,654	1,812	-42.9%
Total	15,585	12,947	14,960	-2.0%

Top Suppliers of Synthetic Rubber to Norway in 2022:

Germany (1058.5 tons)
Sweden (846.0 tons)
Czech Republic (520.3 tons)
South Korea (480.6 tons)
Spain (376.1 tons)
Poland (362.9 tons)
Netherlands (310.2 tons)
Russia (188.8 tons)
United States (177.6 tons)
Belgium (171.5 tons)
Finland (154.1 tons)
China (124.8 tons)
Denmark (93.6 tons)

Synthetic Rubber Exports in Norway

After three years of growth, overseas shipments of synthetic rubber decreased by -22.4% to 1.3K tons in 2022. Overall, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 81% against the previous year. As a result, the exports reached the peak of 1.6K tons, and then declined rapidly in the following year.

In value terms, synthetic rubber exports fell markedly to $3.1M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $3.9M, and then declined notably in the following year.

Export of Synthetic Rubber in Norway (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Finland	496	738	1,169	53.5%
Sweden	984	846	994	0.5%
Denmark	266	284	411	24.3%
Netherlands	27.1	5.2	294	229.4%
Lithuania	78.0	77.6	141	34.5%
Latvia	130	158	133	1.1%
Iceland	47.1	60.1	103	47.9%
France	234	56.1	89.0	-38.3%
Others	455	169	568	11.7%
Total	2,718	2,395	3,900	19.8%

Top Export Markets for Synthetic Rubber from Norway in 2022:

Finland (666.8 tons)
Sweden (346.8 tons)
Iceland (116.2 tons)
Denmark (108.7 tons)
Netherlands (70.2 tons)
Latvia (48.7 tons)
France (36.4 tons)
Lithuania (34.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic rubber 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 20171050 - Synthetic latex rubber
Prodcom 20171090 - Synthetic rubber (excluding latex)

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