Norway - Tankers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTanker Price in Norway - 2022
Contents:
- Tanker Price in Norway (CIF) - 2022
- Tanker Price in Norway (FOB) - 2022
- Tanker Imports in Norway
- Tanker Exports in Norway
Tanker Price in Norway (CIF) - 2022
The average tanker import price stood at $17,848,009 per unit in 2022, declining by -42% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2014 an increase of 94% against the previous year. Over the period under review, average import prices reached the maximum at $56,165,844 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cyprus ($21,727,632 per unit), while the price for China ($15,393,706 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+84.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Tanker Price in Norway (FOB) - 2022
The average tanker export price stood at $18.4M per unit in November 2022, stabilizing at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of less than 0.1% month-to-month. As a result, the export price reached the peak level of $18.4M per unit, leveling off in the following month.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From September 2022 to November 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per month.
Tanker Imports in Norway
In 2022, supplies from abroad of tankers decreased by -58.3% to 10 units, falling for the second year in a row after two years of growth. Overall, imports showed a sharp slump. The growth pace was the most rapid in 2020 when imports increased by 70%. As a result, imports attained the peak of 56 units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tanker imports shrank markedly to $178M in 2022. In general, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 7.9% against the previous year. As a result, imports reached the peak of $1.3B. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Tanker in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 124 | 226 | 270 | 94.3 | -8.7% |
Cyprus | 7.6 | N/A | N/A | 23.7 | 46.1% |
Denmark | N/A | N/A | N/A | 18.3 | 0% |
South Korea | 950 | 945 | 240 | N/A | -49.7% |
Japan | N/A | 111 | N/A | N/A | 0% |
Germany | 125 | 40.0 | N/A | N/A | -68.0% |
Poland | 17.9 | 7.6 | 115 | N/A | 153.5% |
Others | 12.0 | 4.5 | 114 | 42.2 | 52.1% |
Total | 1,236 | 1,334 | 739 | 178 | -47.6% |
Top Suppliers of Tanker to Norway in 2022:
- China (6.0 units)
- Denmark (1.0 units)
- Cyprus (1.0 units)
Tanker Exports in Norway
After three years of growth, overseas shipments of tankers decreased by -89.5% to 2 units in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 250% against the previous year. Over the period under review, the exports hit record highs at 19 units in 2021, and then fell notably in the following year.
In value terms, tanker exports shrank markedly to $46M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 324% against the previous year. Over the period under review, the exports hit record highs at $335M in 2021, and then shrank rapidly in the following year.
Export of Tanker in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 8.8 | N/A | 37.8 | 27.4 | 46.0% |
Turkey | N/A | 4.8 | N/A | 9.8 | 42.9% |
France | N/A | N/A | N/A | 7.3 | 0% |
Hong Kong SAR | 8.9 | 8.0 | N/A | N/A | -10.1% |
Bermuda | N/A | N/A | 138 | N/A | 0% |
Malta | N/A | 24.4 | N/A | N/A | 0% |
Indonesia | N/A | N/A | 49.5 | N/A | 0% |
Panama | N/A | N/A | 17.3 | N/A | 0% |
Others | 5.2 | 59.9 | 92.0 | 1.8 | -29.8% |
Total | 22.9 | 97.1 | 335 | 46.3 | 26.4% |
Top Export Markets for Tanker from Norway in 2022:
- Turkey (1.0 units)
- France (1.0 units)
This report provides an in-depth analysis of the tanker 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 30112210 - Crude oil tankers
- Prodcom 30112230 - Oil product tankers
- Prodcom 30112250 - Chemical tankers
- Prodcom 30112270 - Gas carriers
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
-
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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