Norway: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Norway

In 2022, after two years of decline, there was growth in the Norwegian glass fibre mat market, when its value increased by 4.1% to $X. Overall, consumption enjoyed a noticeable increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Mat Production in Norway

In value terms, glass fibre mat production declined to $X in 2022 estimated in export price. In general, production, however, showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 180% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Glass Fibre Mat Exports

Exports from Norway

Glass fibre mat exports from Norway fell rapidly to X tons in 2022, with a decrease of -46.4% compared with 2021 figures. Overall, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 1,962%. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, glass fibre mat exports declined dramatically to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 782%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Denmark (X tons) was the main destination for glass fibre mat exports from Norway, with a 92% share of total exports. Moreover, glass fibre mat exports to Denmark exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Denmark totaled +10.0%.

In value terms, Denmark ($X) remains the key foreign market for glass fibre mats exports from Norway, comprising 84% of total exports. The second position in the ranking was taken by Sweden ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark stood at +5.5%.

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, picking up by 3.8% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 48%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+58.3%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Mat Imports

Imports into Norway

In 2022, imports of glass fibre mats into Norway plummeted to X tons, which is down by -21.5% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 79%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, glass fibre mat imports declined remarkably to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

China (X tons), France (X tons) and Denmark (X tons) were the main suppliers of glass fibre mat imports to Norway, together accounting for 62% of total imports. Poland, Germany, Egypt, Sweden and Belgium lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat suppliers to Norway were Germany ($X), France ($X) and China ($X), with a combined 74% share of total imports. Denmark, Belgium, Sweden, Poland and Egypt lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Egypt, with a CAGR of +40.8%, saw the highest growth rate of 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

The average glass fibre mat import price stood at $X per ton in 2022, surging by 4.6% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre mat import price decreased by -7.1% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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