Waxes; Artificial, Prepared Price in Norway - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Norway (CIF) - 2023
2. Waxes; Artificial, Prepared Price in Norway (FOB) - 2023
3. Waxes; Artificial, Prepared Imports in Norway
4. Waxes; Artificial, Prepared Exports in Norway

Waxes; Artificial, Prepared Price in Norway (CIF) - 2023

The average waxes; artificial, prepared import price stood at $4,048 per ton in August 2023, declining by -44.2% against the previous month. Overall, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in January 2023 an increase of 263% against the previous month. As a result, import price attained the peak level of $17,225 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($30,028 per ton), while the price for Poland ($2,253 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 France (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Waxes; Artificial, Prepared Price in Norway (FOB) - 2023

In August 2023, the average waxes; artificial, prepared export price amounted to $11,260 per ton, with an increase of 1.9% against the previous month. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in November 2022 an increase of 94% month-to-month. The export price peaked at $22,380 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In August 2023, the country with the highest price was Japan ($15,493 per ton), while the average price for exports to Germany ($10,656 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.2%), while the prices for the other major destinations experienced a decline.

Waxes; Artificial, Prepared Imports in Norway

In 2022, purchases abroad of waxes; artificial, prepared decreased by -1.9% to 1.5K tons, falling for the second year in a row after two years of growth. In general, imports saw a perceptible curtailment. The growth pace was the most rapid in 2020 with an increase of 5.9%. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, waxes; artificial, prepared imports surged to $8.6M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Norway in 2022:

1. Germany (503.3 tons)
2. China (254.9 tons)
3. Netherlands (203.7 tons)
4. Denmark (123.5 tons)
5. Poland (98.7 tons)
6. United States (89.5 tons)
7. Sweden (75.0 tons)
8. United Kingdom (24.3 tons)

Waxes; Artificial, Prepared Exports in Norway

In 2022, waxes; artificial, prepared exports from Norway soared to 151 tons, picking up by 35% compared with 2021 figures. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared exports shrank to $2.1M in 2022. In general, exports, however, recorded a deep downturn. The smallest decline of -4.3% was in 2021.

Top Export Markets for Waxes; Artificial, Prepared from Norway in 2022:

1. Germany (26.7 tons)
2. Sweden (16.1 tons)
3. Iceland (13.6 tons)
4. United States (12.6 tons)
5. Denmark (12.2 tons)
6. India (12.0 tons)
7. Canada (9.1 tons)
8. Russia (8.8 tons)
9. Spain (7.7 tons)
10. Czech Republic (7.1 tons)
11. China (5.0 tons)

Source: IndexBox Market Intelligence Platform