Norway: Carbon Brush Market 2024

Carbon Brush Market Size in Norway

The Norwegian carbon brush market dropped to $X in 2021, declining by -10.5% against 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). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Carbon Brush Exports

Exports from Norway

In 2021, overseas shipments of carbon brushes decreased by -8% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 80%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, carbon brush exports fell to $X in 2021. Overall, exports showed a slight descent. The most prominent rate of growth was recorded in 2014 when exports increased by 79% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X kg) was the main destination for carbon brush exports from Norway, accounting for a 33% share of total exports. Moreover, carbon brush exports to Tanzania exceeded the volume sent to the second major destination, Angola (X kg), fourfold. India (X kg) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania stood at +56.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+15.9% per year) and India (-22.7% per year).

In value terms, Tanzania ($X) remains the key foreign market for carbon brushes exports from Norway, comprising 39% of total exports. The second position in the ranking was taken by Angola ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Tanzania stood at +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+11.0% per year) and the Netherlands (-7.7% per year).

Export Prices by Country

The average carbon brush export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price recorded a measured increase. The pace of growth was the most pronounced in 2015 an increase of 48% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Ireland ($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 France (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Brush Imports

Imports into Norway

In 2021, carbon brush imports into Norway declined sharply to X tons, falling by -16.4% against 2020 figures. In general, imports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of 71%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, carbon brush imports dropped to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 28%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

France (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of carbon brush imports to Norway, together comprising 65% of total imports. Sweden, Denmark, the UK and the United States lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +26.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon brush suppliers to Norway were Sweden ($X), France ($X) and Germany ($X), together accounting for 57% of total imports. The United States, Hungary, the UK and Denmark lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Denmark, with a CAGR of +24.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average carbon brush import price amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 40%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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