Norway: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Norway

After two years of decline, the Norwegian safes and strongboxes market increased by 6.4% to $X in 2021. In general, consumption recorded a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Safes And Strongboxes Exports

Exports from Norway

After two years of growth, overseas shipments of safes, strongboxes and doors of base metal decreased by -67.7% to X tons in 2021. In general, exports showed a dramatic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 221%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, safes and strongboxes exports shrank dramatically to $X in 2021. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 222% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for safes and strongboxes exports from Norway, with a 38% share of total exports. Moreover, safes and strongboxes exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Lithuania (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-9.2% per year) and Lithuania (+0.6% per year).

In value terms, Sweden ($X), Denmark ($X) and the United States ($X) constituted the largest markets for safes and strongboxes exported from Norway worldwide, together comprising 74% of total exports.

The United States, with a CAGR of +34.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average safes and strongboxes export price stood at $X per ton in 2021, which is down by -7.4% against the previous year. Overall, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2018 an increase of 186% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Lithuania ($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 the Czech Republic (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Norway

In 2021, imports of safes, strongboxes and doors of base metal into Norway reduced to X tons, with a decrease of -9% on 2020 figures. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 2% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, safes and strongboxes imports amounted to $X in 2021. In general, imports showed a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 4.3%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Lithuania (X tons) and China (X tons) were the main suppliers of safes and strongboxes imports to Norway, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +14.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to Norway, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Lithuania, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.3% per year) and Lithuania (+14.0% per year).

Import Prices by Country

In 2021, the average safes and strongboxes import price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, safes and strongboxes import price increased by +80.0% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 21%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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