Norway: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Norway

In 2021, the Norwegian metal link chain parts market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a pronounced contraction. Metal link chain parts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Norway

In value terms, metal link chain parts production amounted to $X in 2021 estimated in export price. Over the period under review, production faced a deep contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 456% against the previous year. Metal link chain parts production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Norway

In 2021, approx. X tons of iron or steel parts of articulated link chain were exported from Norway; waning by -51.1% on the year before. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 254%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain parts exports soared to $X in 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 367% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for metal link chain parts exports from Norway, with a 55% share of total exports. Moreover, metal link chain parts exports to Denmark exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by Sweden (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+42.6% per year) and Sweden (+2.0% per year).

In value terms, Denmark ($X), Iceland ($X) and Russia ($X) appeared to be the largest markets for metal link chain parts exported from Norway worldwide, together accounting for 66% of total exports.

Among the main countries of destination, Iceland, with a CAGR of +70.4%, saw 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 link chain parts export price stood at $X per ton in 2021, with an increase of 155% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Sweden ($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 Hong Kong SAR (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Norway

In 2021, the amount of iron or steel parts of articulated link chain imported into Norway fell remarkably to X tons, shrinking by -30.8% compared with the year before. Overall, imports, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2018 with an increase of 73%. Imports peaked at X tons in 2020, and then declined dramatically in the following year.

In value terms, metal link chain parts imports dropped slightly to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Denmark (X tons) and Sweden (X tons) were the main suppliers of metal link chain parts imports to Norway, together comprising 69% of total imports. These countries were followed by Germany, France, Finland, the UK, Italy and the Netherlands, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and China ($X) appeared to be the largest metal link chain parts suppliers to Norway, with a combined 49% share of total imports. Denmark, the UK, France, Finland, Italy and the Netherlands lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Italy, with a CAGR of +20.2%, recorded 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 metal link chain parts import price stood at $X per ton in 2021, with an increase of 39% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 49%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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