Norway: Fromwork Market 2024

Fromwork Market Size in Norway

In 2022, the Norwegian fromwork market decreased by -0.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Fromwork Production in Norway

In value terms, fromwork production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 333% against the previous year. Fromwork production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Fromwork Exports

Exports from Norway

In 2022, shipments abroad of shuttering for concrete constructional work, shingles and shakes, of wood decreased by -29.1% to X tons, falling for the third consecutive year after three years of growth. Overall, exports recorded a sharp decline. The growth pace was the most rapid in 2018 with an increase of 120% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fromwork exports contracted sharply to $X in 2022. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 176%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for fromwork exports from Norway, accounting for a 57% share of total exports. Moreover, fromwork exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+10.2% per year) and Denmark (+5.7% per year).

In value terms, Germany ($X) remains the key foreign market for shuttering for concrete constructional work, shingles and shakes, of wood exports from Norway, comprising 47% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports. It was followed by Denmark, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+44.1% per year) and Denmark (+5.5% per year).

Export Prices by Country

In 2022, the average fromwork export price amounted to $X per ton, which is down by -9.1% against the previous year. Overall, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of 36%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($X per ton), while the average price for exports to Germany ($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 Belgium (+30.8%), while the prices for the other major destinations experienced mixed trend patterns.

Fromwork Imports

Imports into Norway

In 2022, imports of shuttering for concrete constructional work, shingles and shakes, of wood into Norway soared to X tons, jumping by 18% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 72%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, fromwork imports skyrocketed to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 59% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Austria (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of fromwork imports to Norway, with a combined 84% share of total imports. Denmark, Spain, Poland, Sweden and Lithuania lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +304.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fromwork suppliers to Norway were Germany ($X), Austria ($X) and the Czech Republic ($X), with a combined 85% share of total imports. Spain, Poland, Denmark, Sweden and Lithuania lagged somewhat behind, together comprising a further 8.3%.

Spain, with a CAGR of +428.4%, saw the highest growth rate of 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 2022, the average fromwork import price amounted to $X per ton, growing by 7.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 17%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform