Norway: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Norway

The Norwegian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers expanded significantly to $X in 2020, increasing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Norway

In value terms, iron, steel or aluminium reservoir production expanded remarkably to $X in 2020 estimated in export prices. Overall, production showed a slight slump. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2009; however, from 2010 to 2020, production remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Norway

In 2020, after two years of growth, there was significant decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -X% to X tons. Overall, total exports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Exports peaked at X tons in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports declined markedly to $X in 2020. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Denmark (X tons) was the main destination for iron, steel or aluminium reservoir exports from Norway, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Denmark exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was occupied by the UK (X tons), with a X% share.

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

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Norway were Sweden ($X), Turkey ($X) and Denmark ($X), together comprising X% of total exports.

Among the main countries of destination, Turkey 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

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while the average price for exports to Denmark ($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 Sweden, while the prices for the other major destinations experienced a decline.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Norway

After four years of growth, overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons in 2020. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. from 2009 to 2020, the growth imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports reduced dramatically to $X in 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Sweden (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Norway, together accounting for X% of total imports. Denmark, the UK, China, the Netherlands, Lithuania, Estonia, Italy, Finland and Austria lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Lithuania (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Norway were Denmark ($X), Sweden ($X) and Poland ($X), with a combined X% share of total imports. These countries were followed by the UK, Germany, China, Italy, the Netherlands, Finland, Estonia, Lithuania and Austria, which together accounted for a further X the main suppliers, Lithuania (+X% per year) 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, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the import price, however, showed a mild curtailment. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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