Norway: Acetone Market 2024

Acetone Market Size in Norway

In 2022, after two years of growth, there was significant decline in the Norwegian acetone market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Acetone Exports

Exports from Norway

In 2022, the amount of acetone exported from Norway dropped dramatically to X kg, reducing by X% on 2021. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined sharply in the following year.

In value terms, acetone exports declined markedly to $X in 2022. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Iceland (X kg) was the main destination for acetone exports from Norway, with a X% share of total exports. Moreover, acetone exports to Iceland exceeded the volume sent to the second major destination, Brunei Darussalam (X kg), more than tenfold. The third position in this ranking was held by Russia (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iceland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (X% per year) and Russia (X% per year).

In value terms, Iceland ($X) emerged as the key foreign market for acetone exports from Norway, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with an X% share of total exports. It was followed by Angola, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iceland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the average acetone export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, 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 Angola ($X per ton), while the average price for exports to Iceland ($X 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 Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into Norway

In 2022, the amount of acetone imported into Norway shrank to X tons, which is down by X% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, acetone imports plummeted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest acetone supplier to Norway, accounting for a X% share of total imports. Moreover, acetone imports from the UK exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Sweden (X% per year).

In value terms, the UK ($X) constituted the largest supplier of acetone to Norway, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Sweden (X% per year).

Import Prices by Country

The average acetone import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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