Norway: Packaging Materials Market 2024

Packaging Materials Market Size in Norway

For the third year in a row, the Norwegian packaging materials market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a perceptible 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, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Packaging Materials Production in Norway

In value terms, packaging materials production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Packaging Materials Exports

Exports from Norway

In 2022, exports of packaging materials from Norway dropped to X tons, shrinking by X% compared with 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, packaging materials exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Austria (X tons), Sweden (X tons) and Italy (X tons) were the main destinations of packaging materials exports from Norway, together comprising X% of total exports. The United States, the Netherlands, Germany, the UK, Japan, Denmark and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Sweden ($X) and Austria ($X) appeared to be the largest markets for packaging materials exported from Norway worldwide, together comprising X% of total exports. Italy, Germany, Japan, the UK, the Netherlands, Denmark and Israel lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average packaging materials export price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Packaging Materials Imports

Imports into Norway

In 2022, after four years of growth, there was decline in purchases abroad of packaging materials, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell slightly in the following year.

In value terms, packaging materials imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of packaging materials to Norway, accounting for a X% share of total imports. Moreover, packaging materials imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with a X% share.

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

In value terms, Sweden ($X) constituted the largest supplier of packaging materials to Norway, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

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

Import Prices by Country

In 2022, the average packaging materials import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

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 Denmark ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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