Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway - 2024
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway (CIF) - 2024
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway (FOB) - 2024
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway (CIF) - 2024
The average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $34,704 per ton in February 2024, declining by -2.3% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 91% month-to-month. The import price peaked at $40,197 per ton in April 2023; however, from May 2023 to February 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($185K per ton), while the price for Spain ($7,694 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Sweden (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway (FOB) - 2024
The average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $69,167 per ton in February 2024, rising by 12% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 38% month-to-month. As a result, the export price reached the peak level of $91,304 per ton. From August 2023 to February 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was China ($177K per ton), while the average price for exports to Denmark ($12,319 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway
For the fourth year in a row, Norway recorded growth in supplies from abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors, which increased by 4% to 5.6K tons in 2022. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors reduced slightly to $160M in 2022. The total import value increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports reached the peak of $161M, leveling off in the following year.
| Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.8 | 47.2 | 58.8 | 59.8 | 10.1% |
| Germany | 14.3 | 16.5 | 18.8 | 16.1 | 4.0% |
| United Kingdom | 14.6 | 25.8 | 17.9 | 15.3 | 1.6% |
| Sweden | 9.2 | 7.1 | 8.4 | 10.3 | 3.8% |
| Poland | 4.2 | 4.3 | 8.7 | 8.5 | 26.5% |
| Netherlands | 2.5 | 2.7 | 2.7 | 3.9 | 16.0% |
| Italy | 1.4 | 1.5 | 2.0 | 2.1 | 14.5% |
| South Korea | 2.5 | 1.5 | 2.3 | 0.2 | -56.9% |
| Others | 37.1 | 35.0 | 41.5 | 43.4 | 5.4% |
| Total | 131 | 142 | 161 | 160 | 6.9% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Norway in 2022:
- China (2731.4 tons)
- Sweden (746.5 tons)
- Germany (533.7 tons)
- Poland (281.2 tons)
- United Kingdom (242.6 tons)
- Netherlands (156.8 tons)
- Italy (91.5 tons)
- South Korea (2.8 tons)
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway
For the fourth year in a row, Norway recorded growth in shipments abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors, which increased by 14% to 1.2K tons in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $52M in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 3.8 | 3.7 | 6.8 | 8.2 | 29.2% |
| United Kingdom | 5.6 | 2.6 | 3.0 | 7.2 | 8.7% |
| Angola | 0.7 | 2.4 | 19.2 | 7.0 | 115.4% |
| United States | 2.3 | 2.8 | 3.4 | 4.2 | 22.2% |
| Indonesia | 0.4 | N/A | 0.3 | 3.4 | 104.1% |
| Finland | 2.9 | 2.3 | 2.9 | 3.3 | 4.4% |
| Germany | 3.4 | 3.3 | 3.7 | 2.8 | -6.3% |
| Denmark | 0.5 | 1.4 | 0.7 | 1.3 | 37.5% |
| Poland | 0.8 | 0.6 | 0.7 | 1.3 | 17.6% |
| Belgium | 0.3 | 0.2 | 0.2 | 1.2 | 58.7% |
| Netherlands | 1.1 | 1.3 | 0.9 | 1.1 | 0.0% |
| Spain | 0.2 | 0.4 | 0.2 | 0.9 | 65.1% |
| Italy | 0.3 | 0.6 | 0.5 | 0.5 | 18.6% |
| Others | 7.2 | 9.6 | 9.4 | 10.0 | 11.6% |
| Total | 29.5 | 31.1 | 52.1 | 52.4 | 21.1% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Norway in 2022:
- United Kingdom (292.2 tons)
- Sweden (261.7 tons)
- Finland (113.8 tons)
- Germany (75.0 tons)
- Angola (60.0 tons)
- United States (39.1 tons)
- Indonesia (39.0 tons)
- Denmark (30.9 tons)
- Poland (27.5 tons)
- Spain (26.1 tons)
- Belgium (17.5 tons)
- Netherlands (17.4 tons)
- Italy (15.2 tons)
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