Norway: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Norway

The Norwegian copper pipe and fitting market expanded sharply to $X in 2021, with an increase of 15% 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, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +12.9% against 2018 indices. Copper pipe and fitting consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Copper Tubes, Pipes And Fitting

Exports from Norway

In 2021, overseas shipments of copper tubes, pipes and fitting increased by 14% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2012; afterwards, it flattened through to 2021.

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

Exports by Country

Sweden (X tons), France (X tons) and Germany (X tons) were the main destinations of copper pipe and fitting exports from Norway, together comprising 67% of total exports. Denmark, Spain, the Czech Republic, Hungary and Switzerland lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +6.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper pipe and fitting exported from Norway were Germany ($X), France ($X) and Denmark ($X), with a combined 62% share of total exports. Sweden, Spain, the Czech Republic, Hungary and Switzerland lagged somewhat behind, together accounting for a further 26%.

Spain, with a CAGR of +8.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 11%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Switzerland ($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 (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes, Pipes And Fitting

Imports into Norway

In 2021, approx. X tons of copper tubes, pipes and fitting were imported into Norway; remaining stable against the year before. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 37%. Over the period under review, imports hit record highs at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.0% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 32%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of copper pipe and fitting to Norway, with a 33% share of total imports. Moreover, copper pipe and fitting imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and Turkey (+42.1% per year).

In value terms, Sweden ($X) constituted the largest supplier of copper tubes, pipes and fitting to Norway, comprising 27% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Switzerland, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and Switzerland (+5.4% per year).

Import Prices by Country

The average copper pipe and fitting import price stood at $X per ton in 2021, surging by 19% against the previous year. Over the period under review, the import price, however, showed 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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