Norway: Market for Extruded Solid Rubber Rods And Profiles 2025

Market Size for Extruded Solid Rubber Rods And Profiles in Norway

The Norwegian extruded solid rubber rod market contracted significantly to $X in 2022, waning by -42.4% 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). In general, consumption showed a pronounced slump. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Norway

For the fifth consecutive year, Norway recorded growth in overseas shipments of extruded solid rubber rods and profiles, which increased by 41% to X tons in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports surged to $X in 2022. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 92%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Russia (X tons) was the main destination for extruded solid rubber rod exports from Norway, accounting for a 88% share of total exports. Moreover, extruded solid rubber rod exports to Russia exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was taken by the UK (X tons), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+16.7% per year) and the UK (+13.9% per year).

In value terms, the largest markets for extruded solid rubber rod exported from Norway were Russia ($X), the UK ($X) and Sweden ($X), with a combined 41% share of total exports.

Among the main countries of destination, Sweden, with a CAGR of +17.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, dropping by -9.7% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 210%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Norway

In 2022, approx. X tons of extruded solid rubber rods and profiles were imported into Norway; reducing by -43.7% on 2021. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports shrank rapidly to $X in 2022. Overall, imports recorded a slight slump. The pace of growth was the most pronounced in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

Germany (X tons), Sweden (X tons) and Finland (X tons) were the main suppliers of extruded solid rubber rod imports to Norway, together accounting for 65% of total imports. China, Denmark, Portugal, the Netherlands, Belgium, France, Poland, India and Turkey lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Finland ($X) were the largest extruded solid rubber rod suppliers to Norway, with a combined 49% share of total imports. China, Denmark, France, the Netherlands, Belgium, Poland, Turkey, Portugal and India lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Poland, with a CAGR of +24.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average extruded solid rubber rod import price stood at $X per ton in 2022, surging by 36% against the previous year. In general, the import price showed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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