Norway: Base Metal Closure Market 2025

Base Metal Closure Market Size in Norway

In 2021, the Norwegian base metal closure market increased by 49% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption saw a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Base Metal Closure Exports

Exports from Norway

Base metal closure exports from Norway soared to X tons in 2021, growing by 51% on the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, base metal closure exports surged to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 193% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of base metal closure exports from Norway, with a combined 79% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +63.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Denmark ($X) constituted the largest markets for base metal closure exported from Norway worldwide, with a combined 73% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +70.9%, saw 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 2021, the average base metal closure export price amounted to $X per ton, with an increase of 93% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 118% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden ($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 Serbia (+885.0%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Norway

In 2021, approx. X tons of base metal closures, stoppers, caps and lids were imported into Norway; picking up by 52% against the previous year's figure. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal closure imports skyrocketed to $X in 2021. In general, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of base metal closure to Norway, with a 45% share of total imports. Moreover, base metal closure imports from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden stood at +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.9% per year) and Germany (+8.8% per year).

In value terms, Sweden ($X) constituted the largest supplier of base metal closures, stoppers, caps and lids to Norway, comprising 47% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.1% per year) and Germany (+10.0% per year).

Import Prices by Country

The average base metal closure import price stood at $X per ton in 2021, shrinking by -2.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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