Fittings for buildings market in Norway

Earlier Report Observations

From 2018 to 2023, the market for base metal building fittings in Norway showed significant fluctuations. The physical market volume peaked at 10 338 tonnes in 2020, then contracted sharply to 4 314 tonnes in 2021 before a slight recovery to 4 526 tonnes in 2022. In value terms, the market reached its highest point at 86.2 million US dollars in 2021, despite the lower volume, indicating a shift toward higher-value products or increased unit prices during that period.

In 2024, the market value increased to 74.1 million US dollars. This growth was supported by a 3.7% rise in construction costs due to supply chain issues and high material prices, which affected demand in the building sector. Simultaneously, state-owned Statnett planned substantial investments of 150–200 billion Norwegian kroner in the national power grid by 2035, boosting demand for metal mountings in the energy sector. The government's 2025 budget, 6.8% larger than the previous year, also allocated more funds for infrastructure. Looking ahead, further demand is anticipated from the oil and gas industry, including a 13 billion NOK expansion of the Johan Sverdrup field, and from renewable energy projects driven by Norway's net-zero emissions target for 2030.

Production fittings for buildings in Norway

In value, 2018-2021, K $ US

Norway's production of fittings for buildings has grown for the second year in a row. In 2021, output reached 43 905 thousand US dollars, marking a sharp increase of 31.4% compared to 2020. Over the period from 2018 to 2021, production rose by 25.8%, with an average annual growth rate of 8.0%. The lowest value was recorded in 2019 at 28 544 thousand US dollars, which also saw the largest decline of 18.2%.

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

In kind, 2018-2021, t

Market performance showed significant fluctuations during this period. Production peaked in 2020 at 6 420 tonnes, then dropped sharply to 138 tonnes in 2021, representing a dramatic fall of 97.9% compared to the previous year. This created a 47-fold difference between the high and low points. The largest increase occurred in 2020, reaching 36.0%.

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

Exports fittings for buildings from Norway

Exports in kind, t

After two years of growth, Norway's exports of fittings for buildings declined in 2021. Exports fell to 1 225 tonnes, a substantial decrease of 14.0% compared to 2020. The peak was recorded in 2020 at 1 424 tonnes, which also saw the largest increase of 20.7%. Between 2018 and 2021, exports overall increased by 19.5%, equating to an annualized growth rate of 6.1%.

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

From 2018 to 2021, Sweden dominated Norway's exports of fittings for buildings in volume terms, accounting for 82.2% of total flows, with the remainder distributed among other trading partners.

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

In 2021, Norway's exports of fittings for buildings in value terms reached 8 784 thousand US dollars, showing a strong advance of 10.2% from the previous year. The maximum value was recorded in 2019 at 10 193 thousand US dollars, which also saw the largest increase of 35.9%. However, 2020 experienced the largest decline of 21.8%. Overall, between 2018 and 2021, exports increased by 17.1%, with an annualized growth rate of 5.4%.

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

Throughout 2018 to 2021, Sweden, Lithuania, and Italy formed the core group of markets for Norway's exports in value terms. Sweden led with 60.4% of exports, followed by Lithuania at 10.5% and Italy at 5.4%. Together, these three countries accounted for 76.4% 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 fittings for buildings to Norway

Imports in kind, t

Norway's imports of fittings for buildings have increased for the second consecutive year. In 2021, imports amounted to 5 401 tonnes, showing a slight uptick of 1.1% compared to 2020. The lowest value was recorded in 2019 at 4 685 tonnes, which also saw the largest decline of 13.8%. The largest increase occurred in 2020, reaching 14.0%.

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

From 2018 to 2021, three main markets—Sweden, Denmark, and China—together absorbed 76.9% of Norway's total imports of fittings for buildings in volume terms.

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

Norway's imports of fittings for buildings in value terms have grown for the second year in a row. In 2021, imports totalled 51 060 thousand US dollars, reflecting an advance of 8.0% from 2020. Over the period from 2018 to 2021, imports increased by 12.5%, with an average annual growth rate of 4.0%. The minimum value was recorded in 2019 at 41 741 thousand US dollars, which also saw the largest decline of 8.1%. The largest increase occurred in 2020, reaching 13.3%.

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

Throughout 2018 to 2021, Sweden, Denmark, and China formed the key group of partners for Norway's imports in value terms. Sweden accounted for 34.8% of imports, Denmark for 16.5%, and China for 15.4%. Together, these three countries represented 66.7% 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