Norway: Extruded Rod Market 2022

Extruded Rod Market Size in Norway

The Norwegian extruded rod market rose modestly to $X in 2021, growing by X% 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, recorded a relatively flat trend pattern. Extruded rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Extruded Rod Exports

Exports from Norway

In 2021, shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, extruded rod exports fell to $X in 2021. In general, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X tons) was the main destination for extruded rod exports from Norway, accounting for a X% share of total exports. Moreover, extruded rod exports to Portugal exceeded the volume sent to the second major destination, Poland (X kg), fivefold. The third position in this ranking was taken by Sweden (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Sweden (+X% per year).

In value terms, Portugal ($X), Poland ($X) and the United Arab Emirates ($X) constituted the largest markets for extruded rod exported from Norway worldwide, with a combined X% share of total exports.

Portugal, with a CAGR of +X%, saw the highest growth rate of 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 extruded rod export price stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the export price faced a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

Extruded Rod Imports

Imports into Norway

In 2021, supplies from abroad of extruded rods and profile shapes of cellular vulcanised rubber was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a pronounced contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, extruded rod imports expanded to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of extruded rod to Norway, accounting for a X% share of total imports. Moreover, extruded rod imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Denmark (+X% per year).

In value terms, Sweden ($X) constituted the largest supplier of extruded rod to Norway, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and China (+X% per year).

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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