Norway: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Norway

The Norwegian glass fibre chopped strand market declined significantly to $X in 2021, shrinking by -62.2% against the previous year. In general, consumption continues to indicate a significant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Glass Fibre Chopped Strands in Norway

In value terms, glass fibre chopped strand production declined markedly to $X in 2021 estimated in export price. Overall, production, however, faced a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 510% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Exports of Glass Fibre Chopped Strands

Exports from Norway

In 2021, approx. X tons of glass fibre chopped strands were exported from Norway; growing by 105% on 2020 figures. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 30,738%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass fibre chopped strand exports fell rapidly to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 2,995%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg), the United States (X kg) and Singapore (X kg) were the main destinations of glass fibre chopped strand exports from Norway, together accounting for 86% of total exports.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +1,347.7%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and the United States ($X) were the largest markets for glass fibre chopped strand exported from Norway worldwide, with a combined 71% share of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +43.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average glass fibre chopped strand export price amounted to $X per ton, waning by -68.9% against the previous year. Over the period under review, the export price recorded a significant decline. The pace of growth was the most pronounced in 2020 an increase of 156%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+17.4%).

Imports of Glass Fibre Chopped Strands

Imports into Norway

For the third consecutive year, Norway recorded growth in supplies from abroad of glass fibre chopped strands, which increased by 7.9% to X tons in 2021. In general, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 67%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, glass fibre chopped strand imports contracted sharply to $X in 2021. Over the period under review, imports, however, faced a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of 58%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Slovakia (X tons) was the main supplier of glass fibre chopped strand to Norway, accounting for a 93% share of total imports. Moreover, glass fibre chopped strand imports from Slovakia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia amounted to +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+55.3% per year) and Italy (-5.7% per year).

In value terms, Slovakia ($X) constituted the largest supplier of glass fibre chopped strands to Norway, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Italy, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Slovakia stood at +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+56.0% per year) and Italy (-11.5% per year).

Import Prices by Country

The average glass fibre chopped strand import price stood at $X per ton in 2021, reducing by -21.8% against the previous year. Over the period under review, the import price recorded a abrupt descent. The growth pace was the most rapid in 2016 an increase of 27% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :