Norway - Methacrylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethacrylic Acid Price in Norway - 2023
Contents:
- Methacrylic Acid Price in Norway (CIF) - 2023
- Methacrylic Acid Price in Norway (FOB) - 2022
- Methacrylic Acid Imports in Norway
- Methacrylic Acid Exports in Norway
Methacrylic Acid Price in Norway (CIF) - 2023
In August 2023, the average methacrylic acid import price amounted to $2,612 per ton, dropping by -7.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 11% month-to-month. As a result, import price attained the peak level of $3,475 per ton. From December 2022 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was South Korea ($2,732 per ton), while the price for the Netherlands ($2,543 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Methacrylic Acid Price in Norway (FOB) - 2022
In 2022, the average methacrylic acid export price amounted to $3,822 per ton, approximately reflecting the previous year. In general, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2014 to 2022, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.
Methacrylic Acid Imports in Norway
For the fourth consecutive year, Norway recorded growth in overseas purchases of methacrylic acid and its salts, which increased by 29% to 2.8K tons in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 167%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, methacrylic acid imports skyrocketed to $9.4M in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 299%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Methacrylic Acid in Norway (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | N/A | N/A | 0.3 | 4.0 | 1233.3% |
Netherlands | 0.1 | 0.2 | 1.9 | 1.5 | 146.6% |
Taiwan (Chinese) | N/A | N/A | N/A | 1.5 | 0% |
Japan | N/A | N/A | N/A | 1.2 | 0% |
United Kingdom | 0.9 | 0.9 | 2.1 | 0.8 | -3.9% |
Germany | 0.1 | 0.1 | 0.5 | 0.4 | 58.7% |
Others | N/A | 0.4 | 1.4 | N/A | 250.0% |
Total | 1.1 | 1.5 | 6.1 | 9.4 | 104.4% |
Top Suppliers of Methacrylic Acid to Norway in 2022:
- South Korea (1441.2 tons)
- Netherlands (411.0 tons)
- Taiwan (Chinese) (357.6 tons)
- Japan (238.5 tons)
- United Kingdom (225.7 tons)
- Germany (101.8 tons)
Methacrylic Acid Exports in Norway
Methacrylic acid exports from Norway totaled 18 tons in 2022, leveling off at the previous year. In general, exports showed a abrupt slump. The smallest decline of 99.9% was in 2021.
In value terms, methacrylic acid exports amounted to $68K in 2022. Overall, exports recorded significant growth. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
Export of Methacrylic Acid in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Netherlands | N/A | N/A | 67.9 | 0% | |
Sweden | 19.8 | N/A | N/A | 0% | |
Others | 20.4 | N/A | N/A | 0% | |
Total | 40.2 | N/A | 67.9 | 30.0% |
Top Export Markets for Methacrylic Acid from Norway in 2022:
- Netherlands (17.8 tons)
This report provides an in-depth analysis of the methacrylic acid market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143330 - Methacrylic acid and its salts
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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