Norway: Alcohols Market 2024

Alcohols Market Size in Norway

The Norwegian alcohols market surged to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Alcohols Production in Norway

In value terms, alcohols production contracted to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2019, and then reduced in the following year.

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Alcohols Exports

Exports from Norway

Alcohols exports from Norway reduced rapidly to X tons in 2020, with a decrease of X% compared with the year before. Overall, exports showed a precipitous decrease. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2019, and then declined rapidly in the following year.

In value terms, alcohols exports plummeted to $X in 2020. Over the period under review, exports showed a precipitous decline. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for alcohols exports from Norway, accounting for a X% share of total exports. Moreover, alcohols exports to Sweden exceeded the volume sent to the second major destination, Russia (X tons), ninefold. The Netherlands (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the Netherlands (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Norway, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2020, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and France ($X per ton), while the average price for exports to Poland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Norway

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imported into Norway rose notably to X tons, with an increase of X% on the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2020, the growth of imports failed to regain momentum.

In value terms, alcohols imports expanded modestly to $X in 2020. Over the period under review, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of alcohols imports to Norway, together accounting for X% of total imports. Saudi Arabia, Denmark, Belgium, the Netherlands, India, Russia and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alcohols suppliers to Norway were Germany ($X), the United States ($X) and Sweden ($X), together comprising X% of total imports. India, the Netherlands, Denmark, Saudi Arabia, Belgium, Russia and Switzerland lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of 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 alcohols import price stood at $X per ton in 2020, dropping by X% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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