Norway: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Norway

The Norwegian ethylene polymer rigid pipes market contracted to $X in 2021, waning by -4.4% against the previous year. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Norway

In value terms, ethylene polymer rigid pipes production surged to $X in 2021 estimated in export price. Overall, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 113%. Ethylene polymer rigid pipes production peaked in 2021 and is likely to continue growth in years to come.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Norway

In 2021, ethylene polymer rigid pipes exports from Norway contracted to X tons, with a decrease of -14.1% compared with the previous year's figure. Over the period under review, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 96%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, ethylene polymer rigid pipes exports reduced to $X in 2021. In general, exports saw a noticeable decline. The growth pace was the most rapid in 2017 when exports increased by 105% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Morocco (X tons) and Egypt (X tons) were the main destinations of ethylene polymer rigid pipes exports from Norway, with a combined 75% share of total exports. These countries were followed by the UK, Denmark, Canada, the United States, Tunisia and Israel, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +55.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Morocco ($X) and Egypt ($X) appeared to be the largest markets for ethylene polymer rigid pipes exported from Norway worldwide, with a combined 73% share of total exports. These countries were followed by the UK, Denmark, Canada, the United States, Tunisia and Israel, which together accounted for a further 23%.

Canada, with a CAGR of +35.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, rising by 7.9% against the previous year. In general, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to the United States ($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 South Korea (+50.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Norway

In 2021, overseas purchases of rigid tubes, pipes and hoses of polymers of ethylene decreased by -16.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 28%. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced notably in the following year.

In value terms, ethylene polymer rigid pipes imports fell to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +72.1% against 2014 indices. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of ethylene polymer rigid pipes to Norway, with a 39% share of total imports. Moreover, ethylene polymer rigid pipes imports from Sweden exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+11.4% per year) and Poland (+33.4% per year).

In value terms, the largest ethylene polymer rigid pipes suppliers to Norway were Sweden ($X), Denmark ($X) and Germany ($X), with a combined 66% share of total imports. These countries were followed by Poland, Italy, Latvia and Finland, which together accounted for a further 19%.

Poland, with a CAGR of +31.7%, recorded the highest rates of growth with regard to 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

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, rising by 9.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 9.2%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual 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 Italy ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :