Norway: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2023

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Norway

The Norwegian market for hormones, prostaglandins, thromboxanes and leukotrienes soared to $X in 2021, rising by 54% 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). In general, consumption showed resilient growth. Hormones, prostaglandins, thromboxanes and leukotrienes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Norway

In 2021, shipments abroad of hormones, prostaglandins, thromboxanes and leukotrienes increased by 933% to X kg, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports surged to $X in 2021. Overall, exports, however, continue to indicate a pronounced decrease. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Norway, with a 94% share of total exports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes exports to the UK exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+25.1% per year) and Denmark (-24.1% per year).

In value terms, the UK ($X) emerged as the key foreign market for hormones, prostaglandins, thromboxanes and leukotrienes exports from Norway, comprising 90% of total exports. The second position in the ranking was taken by Sweden ($X), with a 6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+21.9% per year) and Denmark (-32.2% per year).

Export Prices by Country

In 2021, the average export price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per kg, rising by 55% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 495%. Over the period under review, the average export prices reached the peak figure at $X per kg in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Denmark ($X per kg), while the average price for exports to the UK ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-4.4%), while the prices for the other major destinations experienced a decline.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Norway

In 2021, approx. X tons of hormones, prostaglandins, thromboxanes and leukotrienes were imported into Norway; jumping by 47% on 2020 figures. In general, imports enjoyed a notable increase. The most prominent rate of growth was recorded in 2016 with an increase of 220% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports skyrocketed to $X in 2021. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2016 when imports increased by 110% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest hormones, prostaglandins, thromboxanes and leukotrienes supplier to Norway, with a 53% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X kg), twofold. The third position in this ranking was held by the Netherlands (X kg), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-21.2% per year) and the Netherlands (+82.3% per year).

In value terms, the largest hormones, prostaglandins, thromboxanes and leukotrienes suppliers to Norway were the United States ($X), Ireland ($X) and the Netherlands ($X), together accounting for 61% of total imports.

The Netherlands, with a CAGR of +102.3%, recorded 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 import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per ton in 2021, surging by 17% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 131%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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