Norway: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Norway

In 2022, after three years of growth, there was significant decline in the Norwegian metal liquid fuel appliances market, when its value decreased by -11.4% to $X. In general, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Norway

In value terms, metal liquid fuel appliances production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 283%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from Norway

In 2022, overseas shipments of iron or steel liquid fuel domestic appliances decreased by -39.9% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 283% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank dramatically in the following year.

In value terms, metal liquid fuel appliances exports reduced markedly to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 206% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Germany (X units) was the main destination for metal liquid fuel appliances exports from Norway, with a 55% share of total exports. Moreover, metal liquid fuel appliances exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), twofold. Denmark (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +151.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+16.2% per year) and Denmark (+10.2% per year).

In value terms, the largest markets for metal liquid fuel appliances exported from Norway were Germany ($X), Sweden ($X) and Denmark ($X), together comprising 87% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +93.8%, 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

The average metal liquid fuel appliances export price stood at $X per unit in 2022, with an increase of 9.4% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 33%. The export price peaked at $X per unit 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 Finland ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+3.8%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into Norway

In 2022, overseas purchases of iron or steel liquid fuel domestic appliances increased by 33% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 136%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, metal liquid fuel appliances imports reached $X in 2022. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 99.9% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of metal liquid fuel appliances to Norway, accounting for a 65% share of total imports. Moreover, metal liquid fuel appliances imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by China (X units), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +46.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+68.4% per year) and China (-8.4% per year).

In value terms, South Korea ($X) constituted the largest supplier of iron or steel liquid fuel domestic appliances to Norway, comprising 44% of total imports. The second position in the ranking was taken by Finland ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +38.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+16.3% per year) and Taiwan (Chinese) (+75.6% per year).

Import Prices by Country

In 2022, the average metal liquid fuel appliances import price amounted to $X per unit, shrinking by -16% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 37% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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