Norway: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in Norway

The Norwegian metal automatic door closer market amounted to $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 3.6% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Base Metal Automatic Door Closers

Exports from Norway

In 2021, approx. X tons of base metal automatic door closers were exported from Norway; increasing by 8% on the previous year's figure. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 173%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal automatic door closer exports rose slightly to $X in 2021. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 170%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X tons) was the main destination for metal automatic door closer exports from Norway, with a 36% share of total exports. Moreover, metal automatic door closer exports to Denmark exceeded the volume sent to the second major destination, Finland (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark stood at +105.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+71.0% per year) and Turkey (+25.6% per year).

In value terms, the largest markets for metal automatic door closer exported from Norway were Denmark ($X), Turkey ($X) and France ($X), with a combined 67% share of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of +111.5%, saw the highest growth rate of 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

The average metal automatic door closer export price stood at $X per ton in 2021, dropping by -3.3% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of 53%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 Latvia (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Automatic Door Closers

Imports into Norway

For the third year in a row, Norway recorded decline in overseas purchases of base metal automatic door closers, which decreased by -5.6% to X tons in 2021. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 7.9%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal automatic door closer imports rose to $X in 2021. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 6.8% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal automatic door closer supplier to Norway, with a 56% share of total imports. Moreover, metal automatic door closer imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+19.6% per year) and Italy (-9.9% per year).

In value terms, Germany ($X), Sweden ($X) and Italy ($X) constituted the largest metal automatic door closer suppliers to Norway, with a combined 82% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal automatic door closer import price stood at $X per ton in 2021, growing by 8.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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