Norway: Moulds For Metal Market 2024

Moulds For Metal Market Size in Norway

The Norwegian moulds for metal market fell significantly to $X in 2022, with a decrease of -18.2% against the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -39.4% against 2018 indices. Moulds for metal consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Moulds For Metal Production in Norway

In value terms, moulds for metal production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 147% against the previous year. Moulds for metal production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Moulds For Metal Exports

Exports from Norway

In 2022, approx. X tons of moulds for metals were exported from Norway; growing by 559% against the previous year. Overall, exports enjoyed prominent growth. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, moulds for metal exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for moulds for metal exports from Norway, with a 54% share of total exports. Moreover, moulds for metal exports to China exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+9.8% per year) and the United States (+98.6% per year).

In value terms, China ($X) emerged as the key foreign market for moulds for metals exports from Norway, comprising 68% of total exports. The second position in the ranking was held by Slovenia ($X), with a 9.9% share of total exports. It was followed by the United States, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+982.6% per year) and the United States (+82.3% per year).

Export Prices by Country

The average moulds for metal export price stood at $X per ton in 2022, which is down by -30% against the previous year. Overall, the export price, however, continues to indicate measured growth. The pace of growth was the most pronounced in 2015 an increase of 266%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Poland ($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 Austria (+231.3%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Norway

In 2022, overseas purchases of moulds for metals increased by 7.1% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 38% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, moulds for metal imports soared to $X in 2022. In general, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 28%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest moulds for metal supplier to Norway, accounting for a 36% share of total imports. Moreover, moulds for metal imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Greece (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.1% per year) and Greece (+15.0% per year).

In value terms, Spain ($X), Austria ($X) and Greece ($X) were the largest moulds for metal suppliers to Norway, with a combined 69% share of total imports. Denmark, Italy, Sweden, Poland, China, the Czech Republic, the UK, Croatia, Germany and Estonia lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Estonia, with a CAGR of +54.1%, 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 moulds for metal import price stood at $X per ton in 2022, picking up by 17% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, moulds for metal import price increased by +49.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 36%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform