Norway: Safety Glass Market 2024

Safety Glass Market Size in Norway

The Norwegian safety glass market shrank to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced slightly in the following year.

Safety Glass Production in Norway

In value terms, safety glass production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 9.5%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Safety Glass Exports

Exports from Norway

In 2022, overseas shipments of safety glass increased by 118% to X square meters, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a noticeable decrease. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety glass exports contracted modestly to $X in 2022. In general, exports, however, showed a perceptible slump. The growth pace was the most rapid in 2013 when exports increased by 33% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X square meters) was the main destination for safety glass exports from Norway, with a 65% share of total exports. Moreover, safety glass exports to Sweden exceeded the volume sent to the second major destination, Germany (X square meters), fivefold. Poland (X square meters) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-21.2% per year) and Poland (+21.3% per year).

In value terms, the largest markets for safety glass exported from Norway were Sweden ($X), Poland ($X) and Iceland ($X), together accounting for 67% of total exports. These countries were followed by Germany, Lithuania, Belgium, Denmark, Finland and Slovakia, which together accounted for a further 20%.

Lithuania, with a CAGR of +49.3%, saw 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 safety glass export price stood at $X per square meter in 2021, almost unchanged from the previous year. In general, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 49% against the previous year. As a result, the export price reached the peak level of $X per square meter, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per square meter), while the average price for exports to Denmark ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Norway

After two years of decline, purchases abroad of safety glass increased by 2.1% to X square meters in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, safety glass imports totaled $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X square meters), Poland (X square meters) and Denmark (X square meters) were the main suppliers of safety glass imports to Norway, with a combined 52% share of total imports. China, Turkey, Lithuania, Sweden, Belgium, Estonia, the Netherlands and the UK lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +44.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belgium ($X) and Denmark ($X) were the largest safety glass suppliers to Norway, with a combined 37% share of total imports. These countries were followed by Germany, China, Lithuania, Sweden, Turkey, Estonia, the UK and the Netherlands, which together accounted for a further 40%.

Among the main suppliers, Turkey, with a CAGR of +27.9%, recorded 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 2021, the average safety glass import price amounted to $X per square meter, rising by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. 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 UK ($X per square meter), while the price for the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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