Norway: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Norway

The Norwegian non-electric roasting furnace market dropped markedly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, posted significant growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Roasting Furnace Production in Norway

In value terms, non-electric roasting furnace production totaled less than $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The growth pace was the most rapid in 2017 with a decrease of X% against the previous year. Non-electric roasting furnace production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports from Norway

Non-electric roasting furnace exports from Norway soared to X units in 2022, growing by X% against 2021 figures. In general, exports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports shrank markedly to $X in 2022. Over the period under review, exports, however, saw a precipitous curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for non-electric roasting furnace exports from Norway, with a X% share of total exports. Moreover, non-electric roasting furnace exports to Denmark exceeded the volume sent to the second major destination, South Korea (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Sweden (X% per year).

In value terms, Denmark ($X), South Korea ($X) and Sweden ($X) appeared to be the largest markets for non-electric roasting furnace exported from Norway worldwide.

South Korea, 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 mixed trend patterns.

Export Prices by Country

The average non-electric roasting furnace export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price saw a significant decrease. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Denmark ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Roasting Furnace Imports

Imports into Norway

Non-electric roasting furnace imports into Norway contracted remarkably to X units in 2022, with a decrease of X% on the year before. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric roasting furnace imports contracted notably to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Slovakia (X units), Denmark (X units) and Poland (X units) were the main suppliers of non-electric roasting furnace imports to Norway, together accounting for X% of total imports.

From 2012 to 2022, 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, the largest non-electric roasting furnace suppliers to Norway were Denmark ($X), Poland ($X) and Slovakia ($X), with a combined X% share of total imports.

Poland, with a CAGR of X%, saw 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 non-electric roasting furnace import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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