Norway: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Norway

The Norwegian cyclic hydrocarbons market shrank significantly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Norway

In 2022, overseas shipments of cyclic hydrocarbons increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt decrease. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for cyclic hydrocarbons exports from Norway, with a X% share of total exports. Moreover, cyclic hydrocarbons exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by Denmark (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Denmark (X% per year).

In value terms, Sweden ($X) remains the key foreign market for cyclic hydrocarbons exports from Norway, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Denmark (X% per year).

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Denmark ($X per ton), while the average price for exports to the Netherlands ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Cyclic Hydrocarbons Imports

Imports into Norway

In 2022, imports of cyclic hydrocarbons into Norway fell sharply to X tons, waning by X% compared with the previous year. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports fell notably to $X in 2022. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest cyclic hydrocarbons supplier to Norway, accounting for a X% share of total imports. Moreover, cyclic hydrocarbons imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

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

In value terms, Belgium ($X) constituted the largest supplier of cyclic hydrocarbons to Norway, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 Denmark ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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