Norway: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Norway

In 2021, the Norwegian non-woven glass fibre articles market decreased by -11% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Norway

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were exported from Norway; which is down by -2.5% compared with 2020 figures. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 182% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 97% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Lithuania (X tons), Denmark (X tons) and Belgium (X tons) were the main destinations of non-woven glass fibre articles exports from Norway, together accounting for 92% of total exports. Sweden and France lagged somewhat behind, together accounting for a further 4.1%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +66.7%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) emerged as the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Norway, comprising 37% of total exports. The second position in the ranking was held by Denmark ($X), with a 17% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lithuania amounted to +50.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-18.9% per year) and France (+66.8% per year).

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, surging by 94% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Norway

Non-woven glass fibre articles imports into Norway contracted dramatically to X tons in 2021, with a decrease of -15.8% against the previous year's figure. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 34%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted sharply in the following year.

In value terms, non-woven glass fibre articles imports contracted slightly to $X in 2021. Over the period under review, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2016 with an increase of 17%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of non-woven glass fibre articles to Norway, accounting for a 65% share of total imports. Moreover, non-woven glass fibre articles imports from the UK exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+0.3% per year) and China (+3.4% per year).

In value terms, the largest non-woven glass fibre articles suppliers to Norway were Sweden ($X), the UK ($X) and China ($X), with a combined 77% share of total imports. These countries were followed by Germany, Poland, Austria and Russia, which together accounted for a further 10%.

Austria, with a CAGR of +30.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, increasing by 16% against the previous year. In general, the import price, however, continues to indicate a deep setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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