Chopped strands glass fibre market in Norway

Earlier Report Observations

From 2018 to 2022, the Norwegian market for chopped strands glass fibre saw considerable fluctuations in physical volume. After growing to 63 209 t in 2019, volume contracted sharply by 26.5% to 46 435 t in 2020. A recovery followed in 2021, with volume rising 21.5% to 56 427 t, but another decline of 14.1% brought the market size down to 48 473 t in 2022.

In value terms, the market demonstrated a different pattern. The market value in thousand USD fell from 74 992 in 2018 to 69 039 in 2020, but then grew consistently, reaching 83 899 thousand USD in 2022. This 16.5% increase in value from 2021 occurred alongside a volume decline, indicating a significant shift in unit prices or product mix during the period.

Production chopped strands glass fibre in Norway

In value, 2018-2021, K $ US

After two consecutive years of decline, Norway's production of chopped strands glass fiber rebounded in value terms. In 2021, output reached 71 255 thousand US dollars, representing a 4.5% increase compared to the previous year. Over the 2018-2021 period, production decreased by 3.7%, with an average annual growth rate of 1.2%. The lowest value was recorded in 2020 at 68 166 thousand US dollars, which also saw the largest decline of 6.4%.

Annual dynamics of production in Norway in value, 2018-2021, K $ US

In kind, 2018-2021, t

In 2021, Norway produced 55 920 tons of chopped strands glass fiber, marking a significant 21.7% year-over-year increase. The lowest production volume occurred in 2020 at 45 963 tons, while the highest was recorded in 2019 at 62 802 tons. The most substantial decline took place in 2020, with a drop of 26.8%.

Annual dynamics of production in Norway in kind, 2018-2021, t

Exports chopped strands glass fibre from Norway

Exports in kind, t

The data shows irregular fluctuations, indicating a volatile market environment. Exports reached their highest point in 2018 and fell to their lowest in 2020, with a 7.9-fold difference between these years. In 2021, cross-border shipments of chopped strands glass fiber from Norway totaled 1.9 tons, representing a dramatic 569.2% increase compared to the previous year. The minimum value was recorded in 2020 at 0.3 tons, while the largest decline occurred in 2019 with an 81.7% drop.

Annual dynamics of product's exports from Norway in kind, 2018-2021, t

Between 2018 and 2021, two leading markets—Finland and Denmark—together accounted for 81.1% of total exports in volume terms. The remaining volume was distributed among a wide range of other countries.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Norway in kind, 2018-2021

Exports in value, K $ US

Market behavior during these years was characterized by volatility. Exports peaked in 2018 and reached their lowest point in 2019, with a 12.2-fold difference between these years. In 2021, chopped strands glass fiber exports from Norway stood at 8 thousand US dollars, marking a 36.3% decline compared to 2020. The minimum value was recorded in 2019 at 2 thousand US dollars, which also saw the largest decline of 91.8%. The most significant increase occurred in 2020 with a 475.3% rise.

Annual dynamics of product's exports from Norway in value, 2018-2021, K $ US

From 2018 to 2021, the leading destinations for Norway's chopped strands glass fiber exports in value terms were Finland (54.0% of total export value), Germany (20.3%), and Sweden (9.2%). Together, these three markets accounted for 83.5% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Norway in value, 2018-2021

Imports chopped strands glass fibre to Norway

Imports in kind, t

Norway's imports of chopped strands glass fiber increased for the third consecutive year. In 2021, imports amounted to 509.6 tons, showing a modest 7.7% year-over-year rise. Between 2018 and 2021, imports grew by 64.1%, equivalent to an average annual growth rate of 18.0%.

Annual dynamics of product's imports to Norway in kind, 2018-2021, t

During the 2018-2021 period, Norway's imports in volume terms were heavily concentrated on Slovakia, which accounted for 79.8% of total flows. Other trading partners made up the remaining volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Norway in kind, 2018-2021

Imports in value, K $ US

In 2021, Norway's imports of chopped strands glass fiber in value terms amounted to 749 thousand US dollars, representing a 15.6% decrease compared to the previous year. Over the 2018-2021 period, imports decreased by 28.1%, with an average annual decline rate of 10.4%. The lowest value was recorded in 2019 at 666 thousand US dollars, which also saw the largest decline of 36.0%. The most significant increase occurred in 2020 with a 33.1% rise.

Annual dynamics of product's imports to Norway in value, 2018-2021, K $ US

Between 2018 and 2021, Slovakia (49.3% of import value), Germany (15.1%), and China (14.6%) formed the main cluster of markets for Norway's imports in value terms. Together, these three countries accounted for 79.0% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Norway in value, 2018-2021