Norway: Organo-Sulphur Compound Market 2024

Organo-Sulphur Compound Market Size in Norway

In 2022, the Norwegian organo-sulphur compound market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Organo-sulphur compound consumption peaked at $X in 2021, and then contracted significantly in the following year.

Organo-Sulphur Compound Exports

Exports from Norway

In 2022, overseas shipments of organo-sulphur compounds increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, organo-sulphur compound exports surged to $X in 2022. Over the period under review, exports posted a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for organo-sulphur compound exports from Norway, accounting for a X% share of total exports. It was followed by Sweden (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%.

In value terms, the UK ($X) remains the key foreign market for organo-sulphur compounds exports from Norway, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%.

Export Prices by Country

The average organo-sulphur compound export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a pronounced slump. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced mixed trend patterns.

Organo-Sulphur Compound Imports

Imports into Norway

In 2022, purchases abroad of organo-sulphur compounds decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated notable growth 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 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, organo-sulphur compound imports fell to $X in 2022. Over the period under review, total imports indicated slight 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 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest organo-sulphur compound supplier to Norway, accounting for a X% share of total imports. Moreover, organo-sulphur compound imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a X% share.

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

In value terms, the largest organo-sulphur compound suppliers to Norway were Belgium ($X), China ($X) and Japan ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average organo-sulphur compound import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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