Norway: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Norway

In 2022, the Norwegian market for plastics pipes and pipe fittings decreased by -53.4% to $X, falling for the second consecutive year after three years of growth. In general, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Norway

In value terms, plastics pipe and pipe fitting production fell significantly to $X in 2022 estimated in export price. Overall, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Plastics pipe and pipe fitting production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Norway

In 2022, the amount of plastics pipes and pipe fittings exported from Norway reduced to X tons, which is down by -5.8% against 2021. Overall, exports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 65%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastics pipe and pipe fitting exports rose to $X in 2022. In general, exports recorded a slight slump. The most prominent rate of growth was recorded in 2020 when exports increased by 51%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for plastics pipe and pipe fitting exports from Norway, with a 50% share of total exports. Moreover, plastics pipe and pipe fitting exports to Sweden exceeded the volume sent to the second major destination, Tunisia (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+171.4% per year) and the UK (+1.4% per year).

In value terms, Sweden ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Norway, comprising 40% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 15% share of total exports. It was followed by Denmark, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+116.7% per year) and Denmark (-1.0% per year).

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, increasing by 10% against the previous year. Over the period under review, the export price showed a slight expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Tunisia ($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 Israel (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Norway

In 2022, approx. X tons of plastics pipes and pipe fittings were imported into Norway; growing by 10% on the previous year's figure. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 13%. Over the period under review, imports attained the maximum at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, plastics pipe and pipe fitting imports reached $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 8.7% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden (X tons), Poland (X tons) and Denmark (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Norway, with a combined 71% share of total imports. Germany, Italy, Austria, Finland, Turkey and Switzerland lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Norway were Sweden ($X), Poland ($X) and Germany ($X), together accounting for 53% of total imports. Denmark, Switzerland, Italy, Austria, Finland and Turkey lagged somewhat behind, together accounting for a further 31%.

Turkey, with a CAGR of +22.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastics pipes and pipe fittings stood at $X per ton in 2022, dropping by -3.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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