Norway: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Norway

The Norwegian market for drawn glass and blown glass surged to $X in 2021, rising by 21% 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, consumption, however, saw a abrupt decline. Drawn glass and blown glass consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Norway

In 2021, exports of drawn glass and blown glass from Norway declined significantly to X square meters, falling by -89.9% against the previous year. In general, exports showed a precipitous decline. The pace of growth appeared the most rapid in 2014 with an increase of 2,451%. As a result, the exports attained the peak of X square meters. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, drawn glass and blown glass exports reduced sharply to $X in 2021. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 3,578%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Lithuania (X square meters) was the main destination for drawn glass and blown glass exports from Norway, accounting for a 68% share of total exports. Moreover, drawn glass and blown glass exports to Lithuania exceeded the volume sent to the second major destination, Denmark (X square meters), fivefold. The third position in this ranking was taken by Sierra Leone (X square meters), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-29.3% per year) and Sierra Leone (0.0% per year).

In value terms, Lithuania ($X) emerged as the key foreign market for drawn glass and blown glass exports from Norway, comprising 65% of total exports. The second position in the ranking was held by Denmark ($X), with a 28% share of total exports. It was followed by Sierra Leone, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-4.5% per year) and Sierra Leone (0.0% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, jumping by 61% against the previous year. Overall, the export price recorded significant growth. The growth pace was the most rapid in 2016 an increase of 351% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per square meter), while the average price for exports to France ($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 Denmark (+34.9%).

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Imports of Drawn Glass And Blown Glass

Imports into Norway

In 2021, drawn glass and blown glass imports into Norway expanded to X square meters, surging by 2.2% compared with 2020. Over the period under review, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass imports surged to $X in 2021. Overall, imports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of 104%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Lithuania (X square meters), the Netherlands (X square meters) and Poland (X square meters) were the main suppliers of drawn glass and blown glass imports to Norway, together accounting for 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +48.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Lithuania ($X) and Poland ($X) were the largest drawn glass and blown glass suppliers to Norway, with a combined 68% share of total imports.

Lithuania, with a CAGR of +39.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for drawn glass and blown glass amounted to $X per square meter, surging by 19% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 56% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China ($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 (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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