Norway: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Norway

The Norwegian market for iron or steel leaf-springs and leaves was finally on the rise to reach $X in 2020, after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Norway

Exports of iron or steel leaf-springs and leaves from Norway dropped rapidly to X tons in 2020, with a decrease of -X% compared with 2019. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, exports of iron or steel leaf-springs and leaves surged to $X in 2020. Over the period under review, exports, however, posted prominent growth. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for exports of iron or steel leaf-springs and leaves from Norway, with a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to Sweden exceeded the volume sent to the second major destination, the U.S. (X tons), threefold. The third position in this ranking was occupied by Belgium (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Belgium (+X% per year).

In value terms, the U.S. ($X) emerged as the key foreign market for iron or steel leaf-spring and leave exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Belgium (+X% per year).

Export Prices by Country

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw strong growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Norway

In 2020, after two years of decline, there was significant growth in overseas purchases of iron or steel leaf-springs and leaves, when their volume increased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves surged to $X in 2020. In general, imports saw a mild reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2014 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, Belgium (X tons) constituted the largest supplier of iron or steel leaf-spring and leave to Norway, with a X% share of total imports. Moreover, imports of iron or steel leaf-springs and leaves from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Germany (-X% per year).

In value terms, the largest iron or steel leaf-spring and leave suppliers to Norway were Sweden ($X), Germany ($X) and Belgium ($X), together comprising X% of total imports. Spain, Poland, the Czech Republic, Thailand, Romania, Denmark, Japan and China lagged somewhat behind, together comprising a further X terms of the main suppliers, Thailand saw the highest growth rate of 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 import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Sweden ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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