Norway: Aluminium Pipe Fittings Market 2024

Aluminium Pipe Fittings Market Size in Norway

In 2021, the Norwegian aluminium pipe fittings market decreased by -0.4% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a mild curtailment. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Aluminium Pipe Fittings Exports

Exports from Norway

In 2021, overseas shipments of aluminium tube or pipe fittings increased by 41% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports showed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 115% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, aluminium pipe fittings exports surged to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +116.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 58% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for aluminium pipe fittings exports from Norway, accounting for a 18% share of total exports. Moreover, aluminium pipe fittings exports to Sweden exceeded the volume sent to the second major destination, Algeria (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+59.2% per year) and Denmark (-2.2% per year).

In value terms, Algeria ($X) remains the key foreign market for aluminium tube or pipe fittings exports from Norway, comprising 27% of total exports. The second position in the ranking was taken by Denmark ($X), with a 7.9% share of total exports. It was followed by Sweden, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Algeria amounted to +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-3.5% per year) and Sweden (+14.0% per year).

Export Prices by Country

The average aluminium pipe fittings export price stood at $X per ton in 2021, shrinking by -3% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 an increase of 60%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Algeria ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Pipe Fittings Imports

Imports into Norway

In 2021, supplies from abroad of aluminium tube or pipe fittings decreased by -3.3% to X tons, falling for the third consecutive year after two years of growth. In general, imports showed a perceptible decline. The pace of growth was the most pronounced in 2015 with an increase of 56%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, aluminium pipe fittings imports expanded remarkably to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 40%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Finland (X tons), China (X tons) and Germany (X tons) were the main suppliers of aluminium pipe fittings imports to Norway, with a combined 34% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Finland ($X) appeared to be the largest aluminium pipe fittings suppliers to Norway, with a combined 28% share of total imports. France, Sweden, Denmark, the UK, Italy, Belgium and Singapore lagged somewhat behind, together accounting for a further 20%.

France, with a CAGR of +37.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aluminium pipe fittings import price stood at $X per ton in 2021, growing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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