Norway: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Norway

In 2021, the Norwegian vulcanised rubber mats market increased by 4% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Mats Exports

Exports from Norway

In 2021, overseas shipments of floor coverings and mats of vulcanised rubber decreased by -3.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 57%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber mats exports dropped to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.1% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

Sweden (X tons) was the main destination for vulcanised rubber mats exports from Norway, with a 84% share of total exports. Moreover, vulcanised rubber mats exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-1.0% per year) and Turkey (+39.8% per year).

In value terms, Sweden ($X) remains the key foreign market for floor coverings and mats of vulcanised rubber exports from Norway, comprising 50% of total exports. The second position in the ranking was held by Latvia ($X), with a 7.3% share of total exports. It was followed by Turkey, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+0.0% per year) and Turkey (+22.6% per year).

Export Prices by Country

The average vulcanised rubber mats export price stood at $X per ton in 2021, waning by -4.5% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2020 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Sweden ($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 Denmark (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Mats Imports

Imports into Norway

Vulcanised rubber mats imports into Norway dropped to X tons in 2021, which is down by -8.3% against 2020 figures. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 11% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber mats imports rose markedly to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest vulcanised rubber mats supplier to Norway, with a 30% share of total imports. Moreover, vulcanised rubber mats imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.1% per year) and Poland (+18.6% per year).

In value terms, the largest vulcanised rubber mats suppliers to Norway were Germany ($X), the Czech Republic ($X) and Poland ($X), with a combined 45% share of total imports. China, Spain, Sweden, Denmark, India, the UK, the Netherlands, Thailand, Russia and Malaysia lagged somewhat behind, together comprising a further 38%.

Russia, with a CAGR of +43.0%, saw 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 vulcanised rubber mats import price amounted to $X per ton, picking up by 17% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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