Norway: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Norway

The Norwegian pressure-reducing iron valve market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Pressure-reducing iron valve consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in Norway

In value terms, pressure-reducing iron valve production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Norway

In 2022, pressure-reducing iron valve exports from Norway reduced to X units, falling by X% against 2021 figures. In general, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports reduced to $X in 2022. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), China (X units) and South Korea (X units) were the main destinations of pressure-reducing iron valve exports from Norway, together accounting for X% of total exports. The Netherlands, Sweden, the UK, Turkey, Romania, Poland, Singapore, the United States, Denmark and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, the UK ($X), Germany ($X) and China ($X) appeared to be the largest markets for pressure-reducing iron valve exported from Norway worldwide, together accounting for X% of total exports. The Netherlands, the United States, South Korea, Singapore, Sweden, Poland, Turkey, Denmark, Romania and Austria lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 pressure-reducing iron valve export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

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 ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pressure-Reducing Iron Valve Imports

Imports into Norway

In 2022, supplies from abroad of pressure-reducing, control, check and safety valves increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible setback. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports expanded sharply to $X in 2022. In general, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), Germany (X units) and China (X units) were the main suppliers of pressure-reducing iron valve imports to Norway, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the UK ($X) constituted the largest pressure-reducing iron valve suppliers to Norway, with a combined X% share of total imports.

Spain, 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 pressure-reducing iron valve import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) 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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