Norway: Wire And Cable Market 2025

Wire And Cable Market Size in Norway

In 2021, the Norwegian wire and cable market decreased by -41.8% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wire And Cable Production in Norway

In value terms, wire and cable production declined to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 51% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Wire And Cable Exports

Exports from Norway

In 2021, overseas shipments of insulated wire and cable were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 85%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, wire and cable exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for wire and cable exports from Norway, with a 61% share of total exports. Moreover, wire and cable exports to the UK exceeded the volume sent to the second major destination, Greece (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+201.6% per year) and Germany (+45.4% per year).

In value terms, the UK ($X) remains the key foreign market for insulated wire and cable exports from Norway, comprising 45% of total exports. The second position in the ranking was held by Greece ($X), with a 13% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+155.8% per year) and Germany (+41.4% per year).

Export Prices by Country

In 2021, the average wire and cable export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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 Estonia ($X per ton), while the average price for exports to the UK ($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 Estonia (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Norway

In 2021, overseas purchases of insulated wire and cable decreased by -5.9% to X tons, falling for the third year in a row after two years of growth. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, wire and cable imports reached $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest wire and cable supplier to Norway, accounting for a 25% share of total imports. Moreover, wire and cable imports from Sweden exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by Estonia (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.8% per year) and Estonia (-1.1% per year).

In value terms, Sweden ($X), China ($X) and Germany ($X) constituted the largest wire and cable suppliers to Norway, together accounting for 39% of total imports. The UK, Spain, Finland, Denmark, France, Poland, the Netherlands, Estonia, Turkey and Portugal lagged somewhat behind, together comprising a further 42%.

Among the main suppliers, Turkey, with a CAGR of +18.9%, saw the highest rates of growth with regard to 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 wire and cable import price stood at $X per ton in 2021, increasing by 20% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 UK ($X per ton), while the price for Estonia ($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 (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :