Norway: Waferboard Market 2024

Waferboard Market Size in Norway

After five years of growth, the Norwegian waferboard market decreased by -12.4% to $X in 2021. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9.2%. As a result, consumption reached the peak level of $X, and then fell in the following year.

Waferboard Production in Norway

In value terms, waferboard production fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Waferboard Exports

Exports from Norway

In 2021, approx. X cubic meters of waferboards were exported from Norway; surging by 6.6% against the previous year. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 18%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, waferboard exports surged to $X in 2021. Over the period under review, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X cubic meters) was the main destination for waferboard exports from Norway, with a 61% share of total exports. Moreover, waferboard exports to Sweden exceeded the volume sent to the second major destination, Denmark (X cubic meters), fourfold. The third position in this ranking was taken by the Netherlands (X cubic meters), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.2% per year) and the Netherlands (+7.6% per year).

In value terms, Sweden ($X) remains the key foreign market for waferboards exports from Norway, comprising 55% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total exports. It was followed by Denmark, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.2% per year) and Denmark (+5.2% per year).

Export Prices by Country

In 2021, the average waferboard export price amounted to $X per cubic meter, with an increase of 17% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Waferboard Imports

Imports into Norway

In 2021, waferboard imports into Norway declined slightly to X cubic meters, stabilizing at 2020 figures. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 4% against the previous year. Imports peaked at X cubic meters in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, waferboard imports totaled $X in 2021. Overall, imports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2013 with an increase of 10%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X cubic meters), Sweden (X cubic meters) and France (X cubic meters) were the main suppliers of waferboard imports to Norway, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +28.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest waferboard suppliers to Norway were Germany ($X), Sweden ($X) and France ($X), together comprising 66% of total imports.

France, with a CAGR of +26.2%, 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 waferboard import price amounted to $X per cubic meter, picking up by 9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2017 when the average import price increased by 12%. The import price peaked in 2021 and is likely to continue 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 ($X per cubic meter), while the price for Estonia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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