Norway: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Norway

In 2022, the Norwegian non-malleable cast iron articles market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Articles Of Non-Malleable Cast Iron in Norway

In value terms, non-malleable cast iron articles production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 440% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Norway

In 2022, after two years of growth, there was decline in overseas shipments of articles of non-malleable cast iron, when their volume decreased by -0.6% to X tons. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 84%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, non-malleable cast iron articles exports totaled $X in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.6% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 51% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons), Denmark (X tons) and Finland (X tons) were the main destinations of non-malleable cast iron articles exports from Norway, together accounting for 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +21.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) constituted the largest markets for non-malleable cast iron articles exported from Norway worldwide, with a combined 94% share of total exports.

Among the main countries of destination, Finland, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, with an increase of 1.6% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+29.0%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Norway

In 2022, overseas purchases of articles of non-malleable cast iron decreased by -5.5% to X tons, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports stood at $X in 2022. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 15% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of non-malleable cast iron articles imports to Norway, together accounting for 61% of total imports. Turkey, Poland, Denmark, Latvia, Germany, Sweden and India lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the Czech Republic ($X) were the largest non-malleable cast iron articles suppliers to Norway, with a combined 52% share of total imports. Denmark, Turkey, Poland, Latvia, Germany, Sweden and India lagged somewhat behind, together comprising a further 39%.

Turkey, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 non-malleable cast iron articles import price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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