Norway: Market for Process Control, Gate, Globe and Other Valves 2025

Exports of Process Control, Gate, Globe and Other Valves

Exports from Norway

In 2022, approx. X tons of process control, gate, globe and other valves were exported from Norway; increasing by 33% against the year before. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 85%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of process control, gate, globe and other valves surged to $X in 2022. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 97%. Over the period under review, the exports of attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for exports of process control, gate, globe and other valves from Norway, accounting for a 33% share of total exports. Moreover, exports of process control, gate, globe and other valves to South Korea exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+2.4% per year) and the UK (+11.5% per year).

In value terms, South Korea ($X) emerged as the key foreign market for process control, gate, globe and other valves exports from Norway, comprising 24% of total exports. The second position in the ranking was held by the UK ($X), with an 8.7% share of total exports. It was followed by the United Arab Emirates, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.1% per year) and the United Arab Emirates (+42.1% per year).

Export Prices by Country

The average export price for process control, gate, globe and other valves stood at $X per ton in 2022, falling by -11.6% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for process control, gate, globe and other valves increased by +43.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden ($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 Germany (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Process Control, Gate, Globe and Other Valves

Imports into Norway

In 2022, after two years of decline, there was significant growth in supplies from abroad of process control, gate, globe and other valves, when their volume increased by 93% to X tons. In general, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of process control, gate, globe and other valves stood at $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 23%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of imports of process control, gate, globe and other valves to Norway, with a combined 25% share of total imports. These countries were followed by the UK, Denmark, Sweden, Poland, Spain, Finland, Austria, the Netherlands, the United States and the Czech Republic, which together accounted for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest process control, gate, globe and other valves suppliers to Norway were Italy ($X), the UK ($X) and Germany ($X), together comprising 56% of total imports. The United States, China, Denmark, Sweden, Poland, the Netherlands, Finland, Spain, Austria and the Czech Republic lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, China, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for process control, gate, globe and other valves amounted to $X per ton, reducing by -47.5% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 13%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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