Price for Carbides, Whether or Not Chemically Defined in Norway - 2023

Contents:

  1. Price for Carbides, Whether or Not Chemically Defined in Norway (CIF) - 2022
  2. Price for Carbides, Whether or Not Chemically Defined in Norway (FOB) - 2022
  3. Imports of Carbides, Whether or Not Chemically Defined in Norway
  4. Exports of Carbides, Whether or Not Chemically Defined in Norway

Price for Carbides, Whether or Not Chemically Defined in Norway (CIF) - 2022

The average import price for carbides, whether or not chemically defineds stood at $1,832 per ton in 2022, jumping by 45% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($5,657 per ton), while the price for Sweden ($1,134 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carbides, Whether or Not Chemically Defined in Norway (FOB) - 2022

The average export price for carbides, whether or not chemically defineds stood at $1,071,622 per ton in 2022, with a decrease of -40.6% against the previous year. In general, the export price, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 an increase of 267%. The export price peaked at $1,804,833 per ton in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,864,897 per ton), while the average price for exports to Spain ($4,313 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 (+62.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carbides, Whether or Not Chemically Defined in Norway

For the fourth year in a row, Norway recorded growth in overseas purchases of carbides, whether or not chemically defineds, which increased by 23% to 27K tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of carbides, whether or not chemically defineds surged to $49M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Carbides, Whether or Not Chemically Defined in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.47.310.317.247.1%
Brazil4.24.96.913.547.6%
Romania2.62.23.56.334.3%
Russia3.33.83.65.619.3%
China0.30.71.13.8133.1%
Sweden0.80.80.90.94.0%
Others1.92.41.41.8-1.8%
Total18.622.027.749.238.3%

Top Suppliers of Carbides, Whether or Not Chemically Defined to Norway in 2022:

  1. United States (9.5K tons)
  2. Brazil (8.1K tons)
  3. Russia (3.9K tons)
  4. Romania (2.8K tons)
  5. China (1.2K tons)
  6. Sweden (0.8K tons)

Exports of Carbides, Whether or Not Chemically Defined in Norway

In 2022, overseas shipments of carbides, whether or not chemically defineds were finally on the rise to reach 270 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a sharp decrease.

In value terms, exports of carbides, whether or not chemically defineds surged to $289K in 2022. Over the period under review, exports saw a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 86%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Carbides, Whether or Not Chemically Defined in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States17825.614427816.0%
JapanN/A0.5N/A6.8268.8%
Belgium0.2N/A0.92.1119.0%
South KoreaN/AN/A5.51.2-78.2%
SpainN/AN/A3.80.6-84.2%
United Arab Emirates63.642.818.4N/A-46.2%
Others3.624.01.00.8-39.4%
Total24592.91732895.7%

Top Export Markets for Carbides, Whether or Not Chemically Defined from Norway in 2022:

  1. Spain (150.0 kg)
  2. United States (97.0 kg)
  3. South Korea (11.0 kg)
  4. Japan (6.0 kg)
  5. Belgium (5.0 kg)

Source: IndexBox Market Intelligence Platform

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