Norway: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Norway

In 2022, the Norwegian glass in the mass market decreased by -13.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a noticeable downturn. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Norway

In value terms, glass in the mass production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. Over the period under review, glass in mass production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Glass in The Mass

Exports from Norway

Glass in the mass exports from Norway skyrocketed to X tons in 2022, rising by 46% on 2021 figures. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 193%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, glass in the mass exports soared to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by 152% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Portugal (X tons) and Spain (X tons) were the main destinations of glass in the mass exports from Norway, together accounting for 74% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +31.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass in the mass exported from Norway were Spain ($X), the Netherlands ($X) and Portugal ($X), with a combined 74% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +38.2%, recorded the highest growth rate of 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 2022, the average glass in the mass export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 29% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Sweden ($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 Belgium (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Norway

In 2022, approx. X tons of glass in the mass were imported into Norway; increasing by 56% on 2021 figures. Over the period under review, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass in the mass imports soared to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest glass in the mass supplier to Norway, with a 54% share of total imports. Moreover, glass in the mass imports from Sweden exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+115.8% per year) and the UK (+19.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of glass in the mass to Norway, comprising 66% of total imports. The second position in the ranking was held by Denmark ($X), with a 22% share of total imports. It was followed by the UK, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+103.8% per year) and the UK (+31.2% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, dropping by -16.1% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 46%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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