Norway: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Norway

The Norwegian multiple-walled insulating glass unit market was estimated at $X in 2021, growing by 13% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Multiple-Walled Insulating Units Of Glass in Norway

In value terms, multiple-walled insulating glass unit production contracted markedly to $X in 2021 estimated in export price. Overall, production recorded a deep slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 85%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Norway

In 2021, shipments abroad of multiple-walled insulating units of glass decreased by -5.1% to X square meters for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports reduced to $X in 2021. In general, exports saw a dramatic contraction. The growth pace was the most rapid in 2016 with an increase of 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X square meters), Denmark (X square meters) and Poland (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Norway, together comprising 95% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +66.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X), Denmark ($X) and Poland ($X) appeared to be the largest markets for multiple-walled insulating glass unit exported from Norway worldwide, with a combined 92% share of total exports.

Poland, with a CAGR of +55.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average multiple-walled insulating glass unit export price amounted to $X per square meter, dropping by -2.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 90% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per square meter), while the average price for exports to Poland ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Norway

In 2021, supplies from abroad of multiple-walled insulating units of glass was finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, multiple-walled insulating glass unit imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Poland (X square meters) was the main supplier of multiple-walled insulating glass unit to Norway, with a 94% share of total imports. It was followed by Estonia (X square meters), with a 1.7% share of total imports. Lithuania (X square meters) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-3.2% per year) and Lithuania (-11.5% per year).

In value terms, Poland ($X) constituted the largest supplier of multiple-walled insulating units of glass to Norway, comprising 89% of total imports. The second position in the ranking was taken by Estonia ($X), with a 2.2% share of total imports. It was followed by Lithuania, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-4.2% per year) and Lithuania (-11.3% per year).

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, increasing by 6.7% against the previous year. In general, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 9.7%. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per square meter), while the price for Poland ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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