Price for Chain; Articulated Link, Roller, of Iron or Steel in Norway - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Norway (CIF) - 2023
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Norway (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Norway
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Norway

Price for Chain; Articulated Link, Roller, of Iron or Steel in Norway (CIF) - 2023

In December 2023, the average import price for chain; articulated link, roller, of iron or steel amounted to $20,445 per ton, reducing by -3.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in February 2023 an increase of 53% against the previous month. As a result, import price attained the peak level of $25,824 per ton. From March 2023 to December 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($52,579 per ton), while the price for Canada ($5,768 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Norway (FOB) - 2022

The average export price for chain; articulated link, roller, of iron or steel stood at $23,769 per ton in 2022, increasing by 55% against the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bermuda ($185,329 per ton), while the average price for exports to South Africa ($5,852 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Norway

In 2022, the amount of chain; articulated link, roller, of iron or steel imported into Norway expanded sharply to 304 tons, growing by 9.7% against the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of chain; articulated link, roller, of iron or steel rose markedly to $5.3M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Norway in 2022:

1. China (97.4 tons)
2. Germany (56.2 tons)
3. Japan (38.2 tons)
4. Sweden (25.1 tons)
5. Denmark (16.0 tons)
6. Taiwan (Chinese) (14.5 tons)
7. Italy (7.2 tons)
8. South Korea (7.2 tons)
9. France (6.9 tons)
10. Czech Republic (4.5 tons)
11. Netherlands (3.9 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Norway

In 2022, after two years of decline, there was significant growth in shipments abroad of chain; articulated link, roller, of iron or steel, when their volume increased by 16% to 18 tons. Overall, exports, however, saw a significant contraction.

In value terms, exports of chain; articulated link, roller, of iron or steel skyrocketed to $424K in 2022. In general, exports, however, faced a sharp descent.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Norway in 2022:

1. United States (5.3 tons)
2. United Kingdom (3.5 tons)
3. Brazil (1.3 tons)
4. Germany (1.3 tons)
5. Singapore (1.0 tons)
6. South Africa (0.8 tons)
7. Denmark (0.7 tons)
8. Bermuda (0.7 tons)
9. Sweden (0.6 tons)
10. Canada (0.3 tons)
11. Poland (0.3 tons)
12. Belgium (0.3 tons)
13. Spain (0.3 tons)

Source: IndexBox Market Intelligence Platform