Norway: Market for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa in Norway

The Norwegian market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa expanded slightly to $X in 2021, increasing by 2.7% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ X MPa in Norway

In value terms, production of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa surged to $X in 2021 estimated in export price. In general, production saw resilient growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by 105% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Exports from Norway

In 2021, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Norway rose modestly to X tons, picking up by 1.8% on 2020 figures. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 709% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa surged to $X in 2021. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 469% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa from Norway, accounting for a 53% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Denmark exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was held by Finland (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+15.5% per year) and Finland (+8.7% per year).

In value terms, Denmark ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa exports from Norway, comprising 38% of total exports. The second position in the ranking was held by Sweden ($X), with a 14% share of total exports. It was followed by the UK, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Denmark stood at +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+15.8% per year) and the UK (+9.7% per year).

Export Prices by Country

In 2021, the average export price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa amounted to $X per ton, surging by 27% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 88%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Greenland ($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 Greenland (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with a Burst Pressure ≥ 27,6 MPa

Imports into Norway

In 2021, overseas purchases of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa decreased by -20.1% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 16%. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa fell to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 28%. Over the period under review, imports of attained the maximum at $X in 2020, and then dropped in the following year.

Imports by Country

Sweden (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa to Norway, with a combined 48% share of total imports. China, the UK, Italy, France, Denmark, Poland, India, the United States, Austria and the Netherlands lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +55.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Italy ($X) appeared to be the largest flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa suppliers to Norway, with a combined 60% share of total imports. Sweden, the United States, Belgium, Austria, China, Denmark, France, India, the Netherlands and Poland lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, India, with a CAGR of +48.9%, 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 import price for flexible tubes, pipes and hoses of plastics, with a burst pressure ≥ X MPa stood at $X per ton in 2021, increasing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +5.2%. The pace of growth appeared the most rapid in 2013 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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