Norway: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Norway

The Norwegian glass fibre fabrics market fell to $X in 2022, waning by -6.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.1% against 2017 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Glass Fibre Fabrics Exports

Exports from Norway

Glass fibre fabrics exports from Norway expanded significantly to X tons in 2022, growing by 9.1% on 2021. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 115% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre fabrics exports dropped slightly to $X in 2022. Over the period under review, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 150%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Sweden (X tons) was the main destination for glass fibre fabrics exports from Norway, with a 47% share of total exports. It was followed by Denmark (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-34.5% per year) and Finland (-57.6% per year).

In value terms, Sweden ($X) remains the key foreign market for glass fibre fabrics exports from Norway, comprising 45% of total exports. The second position in the ranking was taken by Denmark ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-43.9% per year) and Finland (-54.3% per year).

Export Prices by Country

In 2022, the average glass fibre fabrics export price amounted to $X per ton, which is down by -11.9% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, 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 Finland ($X per ton), while the average price for exports to Denmark ($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 Finland (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Norway

In 2022, approx. X tons of glass fibre fabrics were imported into Norway; declining by -7.5% on the previous year's figure. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 47%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, glass fibre fabrics imports shrank to $X in 2022. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 53% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre fabrics to Norway, accounting for a 18% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-8.0% per year) and Belgium (+2.3% per year).

In value terms, the largest glass fibre fabrics suppliers to Norway were Belgium ($X), the Netherlands ($X) and Sweden ($X), with a combined 27% share of total imports. Germany, China, the UK, France, the Czech Republic, Italy, Latvia, Egypt, Russia and Poland lagged somewhat behind, together accounting for a further 27%.

Latvia, with a CAGR of +38.7%, recorded 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

The average glass fibre fabrics import price stood at $X per ton in 2022, rising by 2.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :