Norway: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Norway

For the fourth year in a row, the Norwegian market for plastic hoses and hose fittings recorded growth in sales value, which increased by 87% to $X in 2021. In general, consumption posted a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in Norway

In value terms, plastic hose and hose fitting production soared to $X in 2021 estimated in export price. In general, production showed strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Hoses and Hose Fittings

Exports from Norway

After three years of decline, overseas shipments of plastic hoses and hose fittings increased by 4.7% to X tons in 2021. Overall, total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 58% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports rose remarkably to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Denmark (X tons) and Australia (X tons) were the main destinations of plastic hose and hose fitting exports from Norway, together comprising 51% of total exports. The UK, Finland, Turkey, France, Austria, Germany, Chile, Iceland, Ireland and Greenland lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Greenland (with a CAGR of +109.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for plastic hoses and hose fittings exports from Norway, comprising 25% of total exports. The second position in the ranking was taken by Denmark ($X), with an 11% share of total exports. It was followed by the UK, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+18.4% per year) and the UK (+9.9% per year).

Export Prices by Country

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, rising by 4.1% against the previous year. In general, the export price, however, showed a mild decline. The pace of growth was the most pronounced in 2017 an increase of 16% against the previous year. 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 the UK ($X per ton), while the average price for exports to Greenland ($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 Sweden (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Norway

In 2021, plastic hose and hose fitting imports into Norway soared to X tons, increasing by 24% on the previous year's figure. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +110.2% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Poland (X tons) and the UK (X tons) were the main suppliers of plastic hose and hose fitting imports to Norway, together accounting for 45% of total imports. Italy, Germany, Denmark, China, Estonia, the Czech Republic, France, the Netherlands, Switzerland and Finland lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +68.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of plastic hoses and hose fittings to Norway, comprising 31% of total imports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-2.0% per year) and Germany (+0.8% per year).

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, rising by 28% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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