Norway: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Norway

The Norwegian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers rose markedly to $X in 2020, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Iron, steel or aluminium reservoir consumption peaked in 2020 and is likely to see steady growth in years to come.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Norway

In value terms, iron, steel or aluminium reservoir production rose sharply to $X in 2020 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Iron, steel or aluminium reservoir production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Norway

In 2020, after two years of growth, there was significant decline in overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by X% to X units. Over the period under review, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X units in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports contracted notably to $X in 2020. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for iron, steel or aluminium reservoir exports from Norway, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Denmark exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was taken by the UK (X units), with an X% share.

From 2012 to 2020, the average annual growth rate of volume to Denmark totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the UK (X% per year).

In value terms, Sweden ($X), Turkey ($X) and Denmark ($X) appeared to be the largest markets for iron, steel or aluminium reservoir exported from Norway worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, approximately reflecting the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2020, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2020, 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 mixed trend patterns.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Norway

In 2020, after four years of growth, there was significant decline in purchases abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by X% to X units. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X units, and then declined significantly in the following year.

In value terms, iron, steel or aluminium reservoir imports contracted significantly to $X in 2020. Overall, imports showed a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), Poland (X units) and Germany (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Norway, with a combined X% share of total imports. Denmark, the UK, China, the Netherlands, Lithuania, Estonia, Italy, Finland, Austria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Norway were Denmark ($X), Sweden ($X) and Poland ($X), with a combined X% share of total imports. The UK, Germany, China, Italy, the Netherlands, Finland, Estonia, Lithuania, Austria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, growing by X% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2020, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :