Norway: Particle Board Market 2024

Particle Board Market Size in Norway

The Norwegian particle board market skyrocketed to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Particle board consumption peaked in 2023 and is expected to retain growth in the near future.

Particle Board Production in Norway

In value terms, particle board production expanded slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2023 and is expected to retain growth in years to come.

Particle Board Exports

Exports from Norway

In 2023, overseas shipments of particle board decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. Overall, exports showed a slight decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X cubic meters in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, particle board exports declined remarkably to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then shrank significantly in the following year.

Exports by Country

Sweden (X cubic meters) was the main destination for particle board exports from Norway, accounting for a X% share of total exports. Moreover, particle board exports to Sweden exceeded the volume sent to the second major destination, Estonia (X cubic meters), more than tenfold. The third position in this ranking was held by Germany (X cubic meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Germany (X% per year).

In value terms, Sweden ($X) remains the key foreign market for particle board exports from Norway, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average particle board export price amounted to $X per cubic meter, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Sweden ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Norway

In 2023, the amount of particle board imported into Norway reduced to X cubic meters, waning by X% compared with the year before. Overall, imports showed a slight downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, particle board imports reduced to $X in 2023. In general, imports saw a mild curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Latvia (X cubic meters), Germany (X cubic meters) and Sweden (X cubic meters) were the main suppliers of particle board imports to Norway, together comprising X% of total imports. The UK, Denmark, Belgium, Poland and Ireland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Latvia ($X) and Germany ($X) appeared to be the largest particle board suppliers to Norway, with a combined X% share of total imports. The UK, Poland, Denmark, Belgium and Ireland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average particle board import price stood at $X per cubic meter in 2023, shrinking by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per cubic meter in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per cubic meter), while the price for the UK ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform