Norway: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Norway

The Norwegian metal flexible tubing market surged to $X in 2022, growing by X% 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). In general, consumption continues to indicate a prominent expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Metal Flexible Tubing Exports

Exports from Norway

In 2022, overseas shipments of iron or steel flexible tubing increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal flexible tubing exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for metal flexible tubing exports from Norway, with a X% share of total exports. Moreover, metal flexible tubing exports to the UK exceeded the volume sent to the second major destination, Faroe Islands (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, the UK ($X) emerged as the key foreign market for iron or steel flexible tubing exports from Norway, comprising X% of total exports. The second position in the ranking was held by Faroe Islands ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (X% per year) and the United States (X% per year).

Export Prices by Country

The average metal flexible tubing export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked at $X per ton in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Cyprus ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Metal Flexible Tubing Imports

Imports into Norway

Metal flexible tubing imports into Norway surged to X tons in 2022, jumping by X% compared with the year before. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal flexible tubing imports soared to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

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

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

In value terms, Denmark ($X) constituted the largest supplier of iron or steel flexible tubing to Norway, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average metal flexible tubing import price amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 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 ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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