Norway: Wood Barrel Market 2025

Wood Barrel Market Size in Norway

After two years of growth, the Norwegian wood barrel market decreased by -2.8% to $X in 2022. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +12.0% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Wood Barrel Production in Norway

In value terms, wood barrel production rose sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 47% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Wood Barrel Exports

Exports from Norway

In 2022, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood increased by 3.8% to X units, rising for the third year in a row after four years of decline. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,183% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, wood barrel exports reduced modestly to $X in 2022. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 582%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X units) was the main destination for wood barrel exports from Norway, with a 72% share of total exports. Moreover, wood barrel exports to Denmark exceeded the volume sent to the second major destination, Sweden (X units), fourfold. Faroe Islands (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark amounted to +108.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+38.5% per year) and Faroe Islands (+2.9% per year).

In value terms, Sweden ($X), Denmark ($X) and Faroe Islands ($X) appeared to be the largest markets for wood barrel exported from Norway worldwide, with a combined 92% share of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of +73.4%, 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 2022, the average wood barrel export price amounted to $X per unit, with a decrease of -6.7% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 65% against the previous year. The export price peaked at $X per unit 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 the UK ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+753.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Barrel Imports

Imports into Norway

In 2022, approx. X units of casks, barrels, vats, tubs, and coopers products of wood were imported into Norway; shrinking by -1.8% compared with 2021. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then declined modestly in the following year.

In value terms, wood barrel imports shrank to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 74%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Spain (X units), Lithuania (X units) and the Netherlands (X units) were the main suppliers of wood barrel imports to Norway, with a combined 52% share of total imports. These countries were followed by Sweden, Germany, Denmark, France, the United States, Finland, the Czech Republic, the UK and Estonia, which together accounted for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +102.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood barrel suppliers to Norway were Lithuania ($X), Spain ($X) and Sweden ($X), together comprising 66% of total imports. The Netherlands, France, Germany, Finland, the United States, Denmark, Estonia, the Czech Republic and the UK lagged somewhat behind, together comprising a further 30%.

The Czech Republic, with a CAGR of +54.5%, saw the highest growth rate of 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

The average wood barrel import price stood at $X per unit in 2022, falling by -5.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :