Price for Steel, Alloy; Ingots and Other Primary Forms in Norway - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Norway (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Norway (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Norway
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Norway
Price for Steel, Alloy; Ingots and Other Primary Forms in Norway (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $17,909 per ton, surging by 25% against the previous year. In general, the import price saw prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 72%. Over the period under review, average import prices reached the maximum at $18,719 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($65,091 per ton), while the price for the UK ($7,774 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Norway (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $18,885 per ton, with an increase of 21% against the previous year. In general, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 225%. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($36,000 per ton), while the average price for exports to Denmark ($17,486 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 Denmark (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Norway
In 2022, approx. 1.1 tons of steel, alloy; ingots and other primary formses were imported into Norway; increasing by 13% on the year before. Over the period under review, imports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 302%. As a result, imports attained the peak of 16 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $19K in 2022. In general, imports, however, recorded a sharp descent. The growth pace was the most rapid in 2020 when imports increased by 549%. As a result, imports attained the peak of $292K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 4.5 | N/A | 0.8 | 9.1 | 26.5% |
| Sweden | N/A | N/A | N/A | 4.8 | 0% |
| United States | 5.0 | 0.3 | N/A | 3.6 | -10.4% |
| United Kingdom | 20.7 | 283 | 9.7 | 1.4 | -59.3% |
| Italy | 7.3 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 3.7 | N/A | N/A | 0% |
| Others | 7.5 | 4.9 | 3.0 | N/A | -36.8% |
| Total | 45.0 | 292 | 13.5 | 19.0 | -25.0% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Norway in 2022:
- Denmark (654.0 kg)
- United Kingdom (186.0 kg)
- Sweden (165.0 kg)
- United States (55.0 kg)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Norway
In 2022, exports of steel, alloy; ingots and other primary formses from Norway reduced modestly to 742 kg, with a decrease of -3.5% compared with the previous year's figure. Over the period under review, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year.
In value terms, exports of steel, alloy; ingots and other primary formses surged to $14K in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 11.4 | 0% |
| France | N/A | N/A | N/A | 1.9 | 0% |
| Poland | N/A | 3.0 | N/A | 0.7 | -51.7% |
| United Kingdom | 6.9 | 2.7 | 6.8 | N/A | -0.7% |
| Portugal | N/A | N/A | 4.7 | N/A | 0% |
| Others | 2.7 | N/A | 0.6 | N/A | -52.9% |
| Total | 9.5 | 5.6 | 12.0 | 14.0 | 13.8% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Norway in 2022:
- Denmark (654.0 kg)
- France (52.0 kg)
- Poland (36.0 kg)
671
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Norway.
4708
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
249
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2387
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
786
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1097
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
823
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
780
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
