Norway: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Norway

In 2021, the Norwegian market for iron or steel flat spiral or discs springs decreased by -7.4% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a mild decrease. Metal spiral or discs spring consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Norway

Metal spiral or discs spring exports from Norway fell to X tons in 2021, waning by -7.6% on 2020 figures. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 39% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal spiral or discs spring exports surged to $X in 2021. Over the period under review, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.9% against 2019 indices. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Sweden (X tons) and Poland (X tons) were the main destinations of metal spiral or discs spring exports from Norway, with a combined 53% share of total exports. Germany, the UK, the United States, the Netherlands, China, Vietnam, South Korea, Canada and France lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +37.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal spiral or discs spring exported from Norway were the United States ($X), Germany ($X) and the UK ($X), together accounting for 30% of total exports. Sweden, Poland, Canada, the Netherlands, China, Denmark, Vietnam, France and South Korea lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Canada, with a CAGR of +54.8%, recorded the highest rates of growth with regard to 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 export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, with an increase of 76% against the previous year. Overall, the export price saw a prominent increase. As a result, the 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 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Denmark ($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 El Salvador (+66.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Norway

In 2021, supplies from abroad of iron or steel flat spiral or discs springs decreased by -2.2% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring imports dropped to $X in 2021. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 26% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Sweden (X tons) and Denmark (X tons) were the main suppliers of metal spiral or discs spring imports to Norway, with a combined 60% share of total imports. The UK, China, the Netherlands, the United States and Japan lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the UK ($X) appeared to be the largest metal spiral or discs spring suppliers to Norway, together accounting for 58% of total imports. The United States, Denmark, China, the Netherlands and Japan lagged somewhat behind, together comprising a further 27%.

China, with a CAGR of +14.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 flat spiral or discs springs stood at $X per ton in 2021, shrinking by -7.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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