Industry · municipality
China/Glassware Store in Verdal: An Analysis of the Industry, Companies, and Outlooks
A Detailed Overview of the Business Environment in Verdal for the China/Glassware Store Industry and Comparison with the Conference Center Sector
Executive Summary
Industry Overview
The china/glassware store industry in Verdal has been marked by a dramatic decline since 2019. Sales and number of employees have fallen to zero from 2020 onward, indicating a highly unstable industry in the municipality. This is a unique situation where no businesses in this specific industry have been registered after 2019. For entrepreneurs and local decision-makers, this is an important warning about potential risks in this sector.
Economic Overview
Sales and Employees in the china/glassware store industry in Verdal (2016–2026):
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 5.9M | 6 |
| 2017 | 7.0M | 7 |
| 2018 | 6.3M | 7 |
| 2019 | 1.7M | 1 |
| 2020–2026 | 0 | 0 |
Annual Changes:
- 2016→2017: +18.0% in sales, +16.7% in employees
- 2017→2018: -9.9% in sales, 0.0% in employees
- 2018→2019: -72.9% in sales, -85.7% in employees
- 2019→2020: -100.0% in sales and employees
This decline is extreme and has not been reversed since 2019. There are no registered businesses in this industry after 2019, demonstrating a complete disappearance of the sector in Verdal.
Companies in the Industry
There are no registered companies in the china/glassware store industry in Verdal after 2019. No businesses in this specific industry have been registered in the municipality after 2019. This is a unique situation where the entire industry has disappeared from the municipality's economic structure. No business entity types (such as AS, Sole Proprietorship, etc.) in this industry have been registered in Verdal after 2019.
Business Geography
There is no available data on the distribution of businesses across different neighborhoods or locations in Verdal for the china/glassware store industry. No geographic activity in this industry has been registered in the municipality after 2019. This makes it difficult to identify specific areas in Verdal that previously had activity in this industry.
Business Dynamics
Bankruptcies and Operational Risks:
- There is no available data on bankruptcy statistics or bankrupt companies in the china/glassware store industry in Verdal.
- The extreme decline in sales and employees from 2019 onward indicates potential operational risks for any future businesses in this industry.
- There are no registered companies in this industry after 2019, which may indicate a permanent disappearance of the sector in Verdal.
Operational Economics:
- There is no available data on EBITDA or operational results for companies in this industry in Verdal after 2019.
- This industry has not been active in the municipality since 2019, making it difficult to assess operational economic perspectives.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering establishing themselves in the china/glassware store industry in Verdal, it is important to be aware of the following:
- Extreme Decline: Sales and employees have fallen to zero from 2020 onward, indicating a highly unstable industry in the municipality.
- No Businesses: There are no registered businesses in this industry after 2019, demonstrating a complete disappearance of the sector in Verdal.
- Lack of Data: There is no available data on bankruptcy statistics, operational economics, or geographic distribution for this industry in the municipality after 2019.
This makes it extremely challenging to establish a business in this industry in Verdal without further analysis of local market conditions and potential risk factors.
Outlook for the Conference Center Sector
Conference Center Sector in Verdal (2016–2025):
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 168.9M | 97 |
| 2017 | 176.3M | 105 |
| 2018 | 167.3M | 102 |
| 2019 | 162.0M | 94 |
| 2020 | 191.4M | 90 |
| 2021 | 197.3M | 91 |
| 2022 | 179.0M | 83 |
| 2023 | 175.7M | 77 |
| 2024 | 180.1M | 83 |
| 2025 | 88.3M | 86 |
Annual Changes:
- 2016→2017: +4.4% in sales, +8.2% in employees
- 2017→2018: -5.1% in sales, -2.9% in employees
- 2018→2019: -3.2% in sales, -7.8% in employees
- 2019→2020: +18.2% in sales, -4.3% in employees
- 2020→2021: +3.1% in sales, +1.1% in employees
- 2021→2022: -9.3% in sales, -8.8% in employees
- 2022→2023: -1.8% in sales, -7.2% in employees
- 2023→2024: +2.5% in sales, +7.8% in employees
- 2024→2025: -51.0% in sales, +3.5% in employees
Contrast to the china/glassware store industry:
- The conference center sector has been more stable with an average annual sales increase of approximately 1.5% from 2016 to 2020.
- This sector has also been more resilient regarding the decline in 2025, where sales fell by 51.0% but the number of employees continued to increase by 3.5%.
- The conference center sector has been more active in Verdal with 14 registered companies, compared to no registered companies in the china/glassware store industry after 2019.
Other companies in konferansesenter (not in china/glassware store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Coop Midt Norge Sa Avd 161 Obs Bygg Verdal | building supplies store | Halsanvegen 7, 7653 Verdal | NOK 123.4M | 28 | NOK 6.7M |
| Europris Verdal | mixed home goods store | Jernbanegata 11, 7650 Verdal | NOK 54.3M | 20 | NOK 5.9M |
| Bo Form As Møbel Og Miljø | furniture store | Jernbanegata 16, 7650 Verdal | NOK 21.3M | 7 | NOK 1.4M |
| Runas Markiser As | building supplies store | Tangenvegen 7, 7653 Verdal | NOK 6.2M | 5 | NOK 329.0K |
| Presis Montering As | non-electrical household articles store | Gamle Kongeveg 40A, 7650 Verdal | NOK 1.4M | 3 | NOK 151.0K |
| Cartofflene As | furniture store | Jernbanegata 25, 7650 Verdal | NOK 3.4M | 4 | NOK 107.0K |
| Blomsterstua As | garden supplies store | Jernbanegata 11, 7650 Verdal | NOK 6.7M | 10 | NOK 63.0K |
| Bkeep As | garden supplies store | Sørskagvegen 86, 7655 Verdal | NOK 0 | 0 | NOK 0 |
| Bohus Verdal | furniture store | Magnus den godes veg 23, 7653 Verdal | NOK 0 | 11 | NOK 0 |
| Bquest As | garden supplies store | Sørskagvegen 86, 7655 Verdal | NOK 0 | 0 | NOK 0 |
| Enes Og Olsen Fargehandel As | building supplies store | Johannes Bruns gate 9, 7650 Verdal | NOK 0 | 6 | NOK 0 |
| Thomsengården Hus & Hage As | non-electrical household articles store | Vektargata 1, 7650 Verdal | NOK 0 | 0 | NOK 0 |
| Expan Holding As | non-electrical household articles store | c/o Interiørsenteret Verdal AS|Tangenvegen 30, 7653 | NOK 0 | 0 | NOK -45.0K |
| Peas Holding As | non-electrical household articles store | Fridheims gate 26, 7650 Verdal | NOK 0 | 0 | NOK -78.0K |
Conclusion
The china/glassware store industry in Verdal has been marked by an extreme decline since 2019, with no registered businesses after 2019. This makes it extremely challenging to establish a business in this industry in the municipality without further analysis of local market conditions and potential risk factors. The conference center sector in Verdal has been more stable and active, with 14 registered companies and a more positive economic development. For entrepreneurs and local decision-makers, it is important to consider these contrasts when evaluating industry choices in Verdal.