Price for Stainless Steel in Ingots or Other Primary Forms in Norway - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Norway (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Norway (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Norway
- Imports of Stainless Steel in Ingots or Other Primary Forms in Norway
Price for Stainless Steel in Ingots or Other Primary Forms in Norway (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $6,397 per ton, increasing by 6.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38%. The export price peaked at $6,737 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 the UK ($7,621 per ton), while the average price for exports to Sweden ($2,159 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 the UK (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Norway (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $11,703 per ton, with an increase of 16% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 101%. As a result, import price attained the peak level of $23,027 per ton. From 2017 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 Spain ($45,270 per ton), while the price for Sweden ($4,796 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel in Ingots or Other Primary Forms in Norway
In 2022, approx. 983 tons of stainless steel in ingots or other primary forms were exported from Norway; declining by -45.5% against the previous year's figure. Overall, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year.
In value terms, exports of stainless steel in ingots or other primary forms fell markedly to $6.3M in 2022. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 67%. As a result, the exports reached the peak of $11M, and then shrank significantly in the following year.
| Export of Stainless Steel in Ingots or Other Primary Forms in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,971 | 3,532 | 3,793 | 2,038 | -11.8% |
| Italy | 3,226 | 1,024 | 3,081 | 1,805 | -17.6% |
| United Kingdom | 471 | 781 | 2,073 | 1,072 | 31.5% |
| Spain | 12.2 | 1.0 | 3.5 | 526 | 250.7% |
| Belgium | 846 | 439 | 416 | 181 | -40.2% |
| Switzerland | 132 | 16.8 | 466 | 137 | 1.2% |
| France | 230 | 32.9 | 155 | 114 | -20.9% |
| Sweden | 1,128 | 332 | 372 | 81.4 | -58.4% |
| Others | 779 | 316 | 423 | 336 | -24.4% |
| Total | 9,796 | 6,475 | 10,783 | 6,290 | -13.7% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Norway in 2022:
- Germany (295.5 tons)
- Italy (258.2 tons)
- Spain (158.9 tons)
- United Kingdom (140.7 tons)
- Sweden (37.7 tons)
- Belgium (36.0 tons)
- France (19.9 tons)
- Switzerland (11.6 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Norway
In 2022, the amount of stainless steel in ingots or other primary forms imported into Norway surged to 399 tons, growing by 49% compared with 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms soared to $4.7M in 2022. In general, imports, however, showed a relatively flat trend pattern.
| Import of Stainless Steel in Ingots or Other Primary Forms in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,725 | 1,548 | 1,725 | 1,845 | 2.3% |
| Italy | 157 | 0.3 | 6.1 | 823 | 73.7% |
| Spain | 2.3 | 19.8 | N/A | 807 | 605.3% |
| Sweden | 1,731 | 711 | 379 | 605 | -29.6% |
| China | 109 | 26.6 | 145 | 340 | 46.1% |
| Denmark | 197 | 263 | 76.7 | 26.7 | -48.6% |
| Others | 794 | 226 | 379 | 225 | -34.3% |
| Total | 4,716 | 2,795 | 2,711 | 4,673 | -0.3% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Norway in 2022:
- Sweden (126.1 tons)
- United Kingdom (104.9 tons)
- Italy (91.0 tons)
- China (52.9 tons)
- Spain (17.8 tons)
- Denmark (1.0 tons)
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