Norway: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Norway

In 2021, the Norwegian market for copper bars, wire and plates decreased by -21.3% to $X, falling for the third consecutive year after three years of growth. Overall, consumption recorded a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Norway

After two years of decline, shipments abroad of copper bars, wire and plates increased by 45% to X tons in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 149%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Over the period under review, exports recorded a measured expansion. The growth pace was the most rapid in 2013 with an increase of 84%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for copper bars, wire and plates exports from Norway, accounting for a 40% share of total exports. Moreover, copper bars, wire and plates exports to Denmark exceeded the volume sent to the second major destination, Germany (X tons), twofold. France (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark amounted to +49.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.0% per year) and France (+45.9% per year).

In value terms, Denmark ($X) emerged as the key foreign market for copper bars, wire and plates exports from Norway, comprising 34% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Hungary, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark stood at +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.8% per year) and Hungary (+60.8% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the export price saw a noticeable increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($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 Oman (+116.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Norway

In 2021, the amount of copper bars, wire and plates imported into Norway fell markedly to X tons, shrinking by -28.9% on the previous year. In general, imports recorded a deep setback. The growth pace was the most rapid in 2018 with an increase of 20% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, copper bars, wire and plates imports contracted dramatically to $X in 2021. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 23%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest copper bars, wire and plates supplier to Norway, with a 64% share of total imports. Moreover, copper bars, wire and plates imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. Finland (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-12.0% per year) and Finland (-9.9% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, wire and plates to Norway, comprising 47% of total imports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total imports. It was followed by Finland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-10.3% per year) and Finland (-8.3% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the import price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Finland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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