Norway: Metal Link Chain Market 2024

Metal Link Chain Market Size in Norway

The Norwegian metal link chain market expanded significantly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, saw a abrupt descent. Metal link chain consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Metal Link Chain Production in Norway

In value terms, metal link chain production soared to $X in 2022 estimated in export price. In general, production, however, faced a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. Metal link chain production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Metal Link Chain Exports

Exports from Norway

In 2022, shipments abroad of iron or steel articulated link chain was finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal link chain exports surged to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Faroe Islands (X tons) was the main destination for metal link chain exports from Norway, with a X% share of total exports. Moreover, metal link chain exports to Faroe Islands exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. Tunisia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Faroe Islands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Tunisia (X% per year).

In value terms, the largest markets for metal link chain exported from Norway were Faroe Islands ($X), Sweden ($X) and the United States ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average 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 the United States ($X per ton), while the average price for exports to Faroe Islands ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Norway

In 2022, after two years of decline, there was significant growth in purchases abroad of iron or steel articulated link chain, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal link chain imports skyrocketed to $X in 2022. Overall, imports posted a tangible increase. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal link chain supplier to Norway, accounting for a X% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X), Finland ($X) and China ($X) were the largest metal link chain suppliers to Norway, together accounting for X% of total imports.

Finland, with a CAGR of X%, recorded the highest growth rate of 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

The average metal link chain import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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