Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway (CIF) - 2024
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,721 per ton in January 2024, picking up by 3.7% against the previous month. Overall, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in November 2023 an increase of 44% m-o-m. Over the period under review, average import prices reached the peak figure at $3,731 per ton in March 2023; however, from April 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($4,386 per ton), while the price for Spain ($1,044 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $11,613 per ton in 2022, reducing by -66.2% against the previous year. In general, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of 2,325%. Over the period under review, the average export prices reached the maximum at $34,364 per ton in 2021, and then reduced dramatically in the following year.
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 Turkey ($59,418 per ton), while the average price for exports to Sweden ($8,684 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 Sweden (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway
In 2022, imports of iron or non-alloy steel wire, not plated or coateds into Norway fell markedly to 5K tons, declining by -37.9% on the previous year's figure. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of 8.1K tons, and then fell sharply in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds declined to $13M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +40.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, imports attained the peak of $14M, and then contracted in the following year.
Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 5.8 | 5.8 | 10.0 | 9.5 | 17.9% |
Spain | 0.7 | 0.6 | 0.9 | 1.1 | 16.3% |
Italy | 0.2 | 1.1 | 0.5 | 0.7 | 51.8% |
Germany | 1.3 | 0.5 | 0.5 | 0.7 | -18.6% |
Denmark | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
Portugal | N/A | N/A | 0.7 | 0.1 | -85.7% |
Switzerland | N/A | N/A | 0.4 | N/A | 0% |
Others | 1.4 | 1.3 | 1.1 | 0.8 | -17.0% |
Total | 9.8 | 9.5 | 14.5 | 13.3 | 10.7% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Norway in 2022:
- Sweden (2892.1 tons)
- Spain (778.9 tons)
- Germany (441.5 tons)
- Italy (433.0 tons)
- Denmark (141.5 tons)
- Portugal (82.9 tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway
In 2022, approx. 25 tons of iron or non-alloy steel wire, not plated or coateds were exported from Norway; increasing by 106% against the previous year. Overall, exports, however, recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 637% against the previous year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds declined markedly to $288K in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 781%. As a result, the exports attained the peak of $414K, and then declined markedly in the following year.
Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 43.4 | 1.8 | 1.3 | 178 | 60.1% |
Finland | 6.5 | 7.1 | 59.3 | 65.5 | 116.0% |
Turkey | N/A | N/A | N/A | 22.9 | 0% |
Australia | N/A | N/A | 330 | N/A | 0% |
Others | 15.5 | 38.1 | 23.3 | 21.6 | 11.7% |
Total | 65.4 | 47.0 | 414 | 288 | 63.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Norway in 2022:
- Sweden (20.5 tons)
- Finland (3.5 tons)
- Turkey (0.4 tons)
This report provides an in-depth analysis of the market for iron and steel wire in Norway.
This report provides an in-depth analysis of the market for iron and steel wire in Norway.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the market for iron and steel wire in Norway.
This report provides an in-depth analysis of the market for iron and steel wire in Norway.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the global market for iron and steel wire.
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