Norway: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Norway

The Norwegian non-rolled bitumen products market skyrocketed to $X in 2022, rising by 1,390% against the previous year. Over the period under review, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Rolled Bitumen Products Production in Norway

In value terms, non-rolled bitumen products production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Non-Rolled Bitumen Products Exports

Exports from Norway

In 2022, exports of non-rolled bitumen products from Norway rose modestly to X tons, surging by 3.5% compared with 2021. Overall, exports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2018 when exports increased by 51% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports expanded markedly to $X in 2022. Over the period under review, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 70%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for non-rolled bitumen products exports from Norway, with a 81% share of total exports. Moreover, non-rolled bitumen products exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was taken by Romania (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-3.3% per year) and Romania (+27.5% per year).

In value terms, Germany ($X) remains the key foreign market for non-rolled bitumen products exports from Norway, comprising 86% of total exports. The second position in the ranking was taken by Sweden ($X), with a 5.7% share of total exports. It was followed by the Czech Republic, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-6.0% per year) and the Czech Republic (-16.6% per year).

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, surging by 2.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12%. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Norway

In 2022, overseas purchases of non-rolled bitumen products decreased by -7.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports fell to $X in 2022. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of non-rolled bitumen products to Norway, accounting for a 73% share of total imports. Moreover, non-rolled bitumen products imports from Finland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. The third position in this ranking was held by Luxembourg (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+7.9% per year) and Luxembourg (0.0% per year).

In value terms, Finland ($X) constituted the largest supplier of non-rolled bitumen products to Norway, comprising 66% of total imports. The second position in the ranking was taken by Sweden ($X), with a 22% share of total imports. It was followed by Belgium, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland totaled -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+6.1% per year) and Belgium (+20.2% per year).

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, rising by 4.5% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 10% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Belgium ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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