Norway: Market for Copper Tubes And Pipes 2025

Market Size for Copper Tubes And Pipes in Norway

The Norwegian copper tube and pipe market soared to $X in 2021, growing by 29% 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). Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Copper Tubes And Pipes

Exports from Norway

In 2021, approx. X tons of copper tubes and pipes were exported from Norway; jumping by 76% on the previous year's figure. Overall, exports saw a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 569%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, copper tube and pipe exports surged to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 140% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for copper tube and pipe exports from Norway, with a 96% share of total exports. It was followed by Germany (X kg), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-23.1% per year) and Belgium (-52.5% per year).

In value terms, Sweden ($X) remains the key foreign market for copper tubes and pipes exports from Norway, comprising 83% of total exports. The second position in the ranking was held by Germany ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.2% per year) and Belgium (-31.8% per year).

Export Prices by Country

The average copper tube and pipe export price stood at $X per ton in 2021, waning by -10.3% against the previous year. Overall, the export price recorded a mild decline. The growth pace was the most rapid in 2019 an increase of 250%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Sweden ($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 Belgium (+43.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tubes And Pipes

Imports into Norway

In 2021, imports of copper tubes and pipes into Norway rose rapidly to X tons, with an increase of 11% on 2020 figures. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 11% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, copper tube and pipe imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and the UK (X tons) were the main suppliers of copper tube and pipe imports to Norway, together comprising 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +34.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper tube and pipe suppliers to Norway were Sweden ($X), Germany ($X) and the UK ($X), together comprising 64% of total imports.

The UK, with a CAGR of +34.7%, recorded 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

In 2021, the average copper tube and pipe import price amounted to $X per ton, picking up by 28% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Denmark ($X per ton) and the UK ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform