Norway: Plastic Ornamental Articles Market 2023

Plastic Ornamental Articles Market Size in Norway

The Norwegian plastic ornamental articles market expanded modestly to $X in 2022, surging by 4.2% 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). The market value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Plastic Ornamental Articles Exports

Exports from Norway

In 2022, plastic ornamental articles exports from Norway soared to X tons, rising by 65% compared with 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 72%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic ornamental articles exports reduced to $X in 2022. Overall, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 73%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Sweden (X tons) and France (X tons) were the main destinations of plastic ornamental articles exports from Norway, with a combined 86% share of total exports. The Netherlands, Brazil, Romania, Serbia and Germany lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +853.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Norway, comprising 56% of total exports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total exports. It was followed by Brazil, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-7.7% per year) and Brazil (+402.4% per year).

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, dropping by -47.1% against the previous year. Over the period under review, the export price saw a abrupt setback. The growth pace was the most rapid in 2021 an increase of 56%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 Germany (+6.8%), while the prices for the other major destinations experienced a decline.

Plastic Ornamental Articles Imports

Imports into Norway

Plastic ornamental articles imports into Norway shrank modestly to X tons in 2022, reducing by -3.9% on the previous year's figure. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic ornamental articles imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Norway, with a 80% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-3.8% per year) and Sweden (-3.8% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Norway, comprising 73% of total imports. The second position in the ranking was taken by Sweden ($X), with a 5.3% share of total imports. It was followed by Denmark, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+0.7% per year) and Denmark (+8.7% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, increasing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Netherlands ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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