Norway: Metal Non-Electric Bell Market 2025

Metal Non-Electric Bell Market Size in Norway

The Norwegian metal non-electric bell market declined to $X in 2021, shrinking by -5.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Non-Electric Bell Exports

Exports from Norway

In 2021, shipments abroad of non-electric bells and gongs of base metal was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of 158%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal non-electric bell exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of 377%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X kg), the United States (X kg) and Sweden (X kg) were the main destinations of metal non-electric bell exports from Norway, with a combined 83% share of total exports. These countries were followed by Germany, Japan, Finland and the UK, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +31.9%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) emerged as the key foreign market for non-electric bells and gongs of base metal exports from Norway, comprising 53% of total exports. The second position in the ranking was taken by Sweden ($X), with a 19% share of total exports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Denmark totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-10.7% per year) and the United States (+0.1% per year).

Export Prices by Country

In 2021, the average metal non-electric bell export price amounted to $X per ton, rising by 11% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 85% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the 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 ($X per ton), while the average price for exports to the United States ($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 Hong Kong SAR (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Non-Electric Bell Imports

Imports into Norway

In 2021, overseas purchases of non-electric bells and gongs of base metal decreased by -8.3% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a precipitous setback. The pace of growth was the most pronounced in 2015 when imports increased by 120% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal non-electric bell imports totaled $X in 2021. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by 88%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal non-electric bell to Norway, accounting for a 60% share of total imports. Moreover, metal non-electric bell imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X kg), eightfold. Denmark (X kg) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-28.9% per year) and Denmark (-24.0% per year).

In value terms, China ($X) constituted the largest supplier of non-electric bells and gongs of base metal to Norway, comprising 52% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+24.4% per year) and Germany (+10.0% per year).

Import Prices by Country

In 2021, the average metal non-electric bell import price amounted to $X per ton, picking up by 24% against the previous year. In general, the import price posted prominent growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 97%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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