Norway: Glass Closure Market 2024

Glass Closure Market Size in Norway

The Norwegian glass closure market amounted to $X in 2022, standing approx. at the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Glass closure consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Glass Closure Production in Norway

In value terms, glass closure production amounted to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Glass closure production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Glass Closure Exports

Exports from Norway

In 2022, overseas shipments of glass stoppers, lids and other closures decreased by X% to X tons, falling for the second year in a row after five years of decline. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, glass closure exports totaled $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) was the main destination for glass closure exports from Norway, with a X% share of total exports. Moreover, glass closure exports to South Africa exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Denmark (X% per year).

From 2012 to 2022, the average annual growth rate of value to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Denmark (X% per year).

Export Prices by Country

The average glass closure export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Denmark ($X per ton), while the average price for exports to South Africa ($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 Denmark (X%).

Glass Closure Imports

Imports into Norway

In 2022, after three years of growth, there was significant decline in purchases abroad of glass stoppers, lids and other closures, when their volume decreased by X% to X tons. Overall, imports, however, showed moderate growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, glass closure imports fell markedly to $X in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest glass closure supplier to Norway, with a X% share of total imports. Moreover, glass closure imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), ninefold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of glass stoppers, lids and other closures to Norway, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average glass closure import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass closure import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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