Norway - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIron and Steel Price in Norway - 2023
Contents:
- Iron and Steel Price in Norway (CIF) - 2022
- Iron and Steel Price in Norway (FOB) - 2022
- Iron and Steel Imports in Norway
- Iron and Steel Exports in Norway
Iron and Steel Price in Norway (CIF) - 2022
The average iron and steel import price stood at $1,218 per ton in 2022, shrinking by -14.9% against the previous year. Over the period under review, the import price, however, posted mild growth. The pace of growth appeared the most rapid in 2017 an increase of 190% against the previous year. The import price peaked at $1,712 per ton in 2015; however, from 2016 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 Sweden ($3,963 per ton), while the price for the Netherlands ($434 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+35,282.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Iron and Steel Price in Norway (FOB) - 2022
The average iron and steel export price stood at $493 per ton in 2022, reducing by -16.6% against the previous year. In general, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 52% against the previous year. The export price peaked at $631 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($571 per ton) and Denmark ($540 per ton), while the average price for exports to the Czech Republic ($394 per ton) and Sweden ($447 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-1.1%), while the prices for the other major destinations experienced a decline.
Iron and Steel Imports in Norway
In 2022, supplies from abroad of iron and steel was finally on the rise to reach 6.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron and steel imports soared to $7.5M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Iron and Steel in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 849 | 917 | 778 | 958 | 4.1% |
Germany | 294 | 194 | 462 | 330 | 3.9% |
Canada | 306 | 191 | 184 | 262 | -5.0% |
Sweden | 56.9 | 32.2 | 143 | 115 | 26.4% |
Netherlands | 32.4 | 33.7 | 18.5 | 15.3 | -22.1% |
Austria | 52.0 | N/A | 88.9 | N/A | 30.8% |
Others | 219 | 239 | 290 | 5,820 | 198.4% |
Total | 1,809 | 1,606 | 1,965 | 7,501 | 60.7% |
Top Suppliers of Iron and Steel to Norway in 2022:
- Netherlands (undefinedK tons)
- Sweden (undefinedK tons)
- United Kingdom (0.9K tons)
- Canada (0.5K tons)
- Germany (0.5K tons)
Iron and Steel Exports in Norway
In 2022, overseas shipments of iron and steel decreased by -2.4% to 156K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11%.
In value terms, iron and steel exports reduced notably to $77M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of $95M, and then contracted significantly in the following year.
Export of Iron and Steel in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 17.3 | 17.5 | 26.3 | 23.5 | 10.7% |
Denmark | 4.0 | 2.6 | 6.3 | 5.7 | 12.5% |
Sweden | 5.5 | 4.8 | 4.5 | 4.3 | -7.9% |
Poland | 1.5 | 1.8 | 2.4 | 2.1 | 11.9% |
Czech Republic | 0.4 | 1.7 | 1.0 | 0.9 | 31.0% |
Belgium | 0.5 | 0.4 | 0.8 | 0.7 | 11.9% |
Others | 32.0 | 30.4 | 53.2 | 39.7 | 7.5% |
Total | 61.2 | 59.2 | 94.5 | 76.9 | 7.9% |
Top Export Markets for Iron and Steel from Norway in 2022:
- Germany (46.6K tons)
- Denmark (10.5K tons)
- Sweden (9.6K tons)
- Poland (3.8K tons)
- Czech Republic (2.3K tons)
- Belgium (1.5K tons)
This report provides an in-depth analysis of the iron and steel market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the iron and steel market in Norway.
This report provides an in-depth analysis of the pig iron market in Norway.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the global pig iron market.
This report provides an in-depth analysis of the iron and steel market in Norway.
This report provides an in-depth analysis of the pig iron market in Norway.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the global pig iron market.
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...