Norway: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Norway

For the eighth year in a row, the Norwegian amine-function compounds market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption enjoyed a prominent expansion. Amine-function compounds consumption peaked in 2022 and is expected to retain growth in years to come.

Amine-Function Compounds Exports

Exports from Norway

In 2022, approx. X tons of amine-function compounds were exported from Norway; increasing by X% against 2021. Overall, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, amine-function compounds exports rose rapidly to $X in 2022. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for amine-function compounds exports from Norway, with a X% share of total exports. Moreover, amine-function compounds exports to Egypt exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the UK (X% per year).

In value terms, the largest markets for amine-function compounds exported from Norway were Sweden ($X), Egypt ($X) and the UK ($X), together accounting for X% of total exports. Indonesia, the United Arab Emirates, Saudi Arabia, Kuwait, Spain, India, Turkey, Brazil, Malaysia and China lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average amine-function compounds export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Malaysia ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Norway

After two years of decline, supplies from abroad of amine-function compounds increased by X% to X tons in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume 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 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, amine-function compounds imports expanded modestly to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest amine-function compounds supplier to Norway, with a X% share of total imports. Moreover, amine-function compounds imports from India exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

In value terms, the largest amine-function compounds suppliers to Norway were Spain ($X), Germany ($X) and India ($X), with a combined X% share of total imports.

Spain, with a CAGR of X%, saw 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 amine-function compounds import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for India ($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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