Norway: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Norway

The Norwegian market for prefabricated buildings of plastics, concrete or aluminium rose markedly to $X in 2021, picking up by 14% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Norway

In value terms, production of prefabricated buildings of plastics, concrete or aluminium surged to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports from Norway

In 2021, overseas shipments of prefabricated buildings of plastics, concrete or aluminium increased by 7.8% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 73%. Over the period under review, the exports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium rose markedly to $X in 2021. In general, exports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 138% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Sweden (X tons) and Iceland (X tons) were the main destinations of exports of prefabricated buildings of plastics, concrete or aluminium from Norway, together comprising 85% of total exports. Greenland, the UK, Faroe Islands, Finland, the Netherlands, Canada and Poland lagged somewhat behind, together comprising a further 8.6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greenland (with a CAGR of +390.4%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Iceland ($X) were the largest markets for prefabricated buildings of plastics, concrete or aluminium exported from Norway worldwide, together comprising 81% of total exports. The UK, Faroe Islands, Finland, Greenland, the Netherlands, Canada and Poland lagged somewhat behind, together comprising a further 9.7%.

Among the main countries of destination, Greenland, with a CAGR of +284.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, rising by 5.6% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Poland ($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 Nigeria (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports into Norway

In 2021, supplies from abroad of prefabricated buildings of plastics, concrete or aluminium decreased by -0.5% to X tons, falling for the fifth year in a row after five years of growth. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium expanded significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 22% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Lithuania (X tons), Sweden (X tons) and Estonia (X tons) were the main suppliers of imports of prefabricated buildings of plastics, concrete or aluminium to Norway, together accounting for 61% of total imports. Latvia, Finland, Poland and Russia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +7.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Lithuania ($X) and Estonia ($X) constituted the largest prefabricated buildings of plastics, concrete or aluminium suppliers to Norway, together accounting for 60% of total imports. These countries were followed by Finland, Latvia, Poland and Russia, which together accounted for a further 25%.

Russia, with a CAGR of +9.0%, recorded the highest rates of growth with regard to 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

The average import price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 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 Latvia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform