Norway: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Norway

The Norwegian iron or steel can market surged to $X in 2021, rising by 93% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +104.9% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron or Steel Cans

Exports from Norway

In 2021, iron or steel can exports from Norway contracted sharply to X units, declining by -74.3% on the year before. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 173% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel can exports fell markedly to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 124% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), Sweden (X units) and Slovenia (X units) were the main destinations of iron or steel can exports from Norway, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +42.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for iron or steel cans exports from Norway, comprising 55% of total exports. The second position in the ranking was taken by Sweden ($X), with a 27% share of total exports. It was followed by Slovenia, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+2.3% per year) and Slovenia (0.0% per year).

Export Prices by Country

In 2021, the average iron or steel can export price amounted to $X per unit, growing by 56% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 187%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+16.3%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cans

Imports into Norway

In 2021, approx. X units of iron or steel cans were imported into Norway; growing by 87% on 2020 figures. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel can imports soared to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest iron or steel can supplier to Norway, accounting for a 50% share of total imports. Moreover, iron or steel can imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +35.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-6.0% per year) and the Netherlands (+62.1% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel cans to Norway, comprising 47% of total imports. The second position in the ranking was held by Sweden ($X), with a 21% share of total imports. It was followed by the Netherlands, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-11.3% per year) and the Netherlands (+48.3% per year).

Import Prices by Country

In 2021, the average iron or steel can import price amounted to $X per unit, rising by 3.2% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. Over the period under review, average import prices reached the peak figure at $X per unit 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, the country with the highest price was Denmark ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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