Norway: Metal Wool Market 2025

Metal Wool Market Size in Norway

In 2022, after two years of growth, there was significant decline in the Norwegian metal wool market, when its value decreased by -20% to $X. Overall, consumption recorded a mild decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Wool Production in Norway

In value terms, metal wool production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 95% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Metal Wool Exports

Exports from Norway

In 2022, the amount of iron or steel wool exported from Norway soared to X tons, increasing by 19% against 2021. In general, exports, however, saw a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal wool exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 46% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for metal wool exports from Norway, accounting for a 46% share of total exports. Moreover, metal wool exports to Sweden exceeded the volume sent to the second major destination, Denmark (X kg), more than tenfold. The third position in this ranking was held by the Netherlands (X kg), with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to -22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-41.8% per year) and the Netherlands (+93.9% per year).

In value terms, Sweden ($X) remains the key foreign market for iron or steel wool exports from Norway, comprising 46% of total exports. The second position in the ranking was taken by Denmark ($X), with a 1.7% share of total exports. It was followed by the Netherlands, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to -16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-40.0% per year) and the Netherlands (+45.7% per year).

Export Prices by Country

In 2022, the average metal wool export price amounted to $X per ton, falling by -2.5% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool export price increased by +69.4% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into Norway

In 2022, overseas purchases of iron or steel wool decreased by -28% to X tons, falling for the fifth consecutive year after three years of growth. In general, imports showed a noticeable decline. The pace of growth was the most pronounced in 2015 with an increase of 118%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, metal wool imports dropped markedly to $X in 2022. Over the period under review, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 72% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal wool supplier to Norway, with a 62% share of total imports. Moreover, metal wool imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-0.7% per year) and Poland (+23.2% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel wool to Norway, comprising 57% of total imports. The second position in the ranking was taken by Sweden ($X), with an 18% share of total imports. It was followed by France, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+1.9% per year) and France (-8.1% per year).

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, dropping by -2.7% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool import price increased by +43.3% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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