Norway: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Norway

After two years of growth, the Norwegian acrylic polymer market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Acrylic polymer consumption peaked at $X in 2022, and then fell sharply in the following year.

Acrylic Polymer Production in Norway

In value terms, acrylic polymer production amounted to $X in 2023 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Acrylic Polymer Exports

Exports from Norway

Acrylic polymer exports from Norway declined significantly to X tons in 2023, reducing by X% compared with the year before. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2022, and then declined rapidly in the following year.

In value terms, acrylic polymer exports declined notably to $X in 2023. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped remarkably in the following year.

Exports by Country

China (X tons) was the main destination for acrylic polymer exports from Norway, accounting for a X% share of total exports. Moreover, acrylic polymer exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) remains the key foreign market for acrylic polymers (in primary forms) exports from Norway, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the average acrylic polymer export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the 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 Spain ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Polymer Imports

Imports into Norway

Acrylic polymer imports into Norway fell remarkably to X tons in 2023, which is down by X% on the previous year. In general, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, acrylic polymer imports fell rapidly to $X in 2023. Over the period under review, imports recorded a slight downturn. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then fell sharply in the following year.

Imports by Country

France (X tons), Sweden (X tons) and Italy (X tons) were the main suppliers of acrylic polymer imports to Norway, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), France ($X) and Germany ($X) were the largest acrylic polymer suppliers to Norway, with a combined X% share of total imports. The Netherlands, Italy, the UK and Spain lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acrylic polymer import price stood at $X per ton in 2023, remaining constant against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2023 and is likely to continue growth in the near future.

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

From 2012 to 2023, 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