Price for Iron or Steel; Cast Articles in Norway - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Norway (FOB) - 2023
- Price for Iron or Steel; Cast Articles in Norway (CIF) - 2023
- Exports of Iron or Steel; Cast Articles in Norway
- Imports of Iron or Steel; Cast Articles in Norway
Price for Iron or Steel; Cast Articles in Norway (FOB) - 2023
In August 2023, the average export price for iron or steel; cast articleses amounted to $4,266 per ton, with a decrease of -10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in July 2023 when the average export price increased by 27% month-to-month. Over the period under review, the average export prices hit record highs at $5,199 per ton in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Denmark ($3,974 per ton), while the average price for exports to Finland ($2,610 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Norway (CIF) - 2023
The average import price for iron or steel; cast articleses stood at $3,820 per ton in August 2023, shrinking by -16.6% against the previous month. Overall, the import price saw a slight slump. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 28% month-to-month. Over the period under review, average import prices attained the peak figure at $5,476 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($62,140 per ton), while the price for China ($2,002 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel; Cast Articles in Norway
In 2022, iron or steel; cast articles exports from Norway totaled 15K tons, almost unchanged from the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 6.8% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, iron or steel; cast articles exports reduced slightly to $55M in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $56M, and then shrank modestly in the following year.
| Export of Iron or Steel; Cast Articles in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 19.4 | 22.9 | 28.7 | 29.6 | 15.1% |
| Denmark | 16.8 | 15.6 | 17.1 | 17.4 | 1.2% |
| Russia | 2.5 | 0.6 | 0.9 | 1.3 | -19.6% |
| Poland | 1.4 | 0.7 | 1.4 | 1.0 | -10.6% |
| Finland | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Others | 8.3 | 3.7 | 7.6 | 4.9 | -16.1% |
| Total | 48.7 | 44.0 | 56.1 | 54.6 | 3.9% |
Top Export Markets for Iron or Steel; Cast Articles from Norway in 2022:
- Sweden (8.3K tons)
- Denmark (5.8K tons)
- Poland (0.3K tons)
- Finland (0.2K tons)
- Russia (0.2K tons)
Imports of Iron or Steel; Cast Articles in Norway
Iron or steel; cast articles imports into Norway totaled 15K tons in 2022, with an increase of 2% on the previous year's figure. In general, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 3.4%.
In value terms, iron or steel; cast articles imports skyrocketed to $62M in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.1 | 10.7 | 15.1 | 14.6 | 6.5% |
| Spain | 7.7 | 6.8 | 8.3 | 10.1 | 9.5% |
| Denmark | 8.0 | 6.6 | 5.4 | 4.8 | -15.7% |
| Italy | 7.0 | 6.7 | 4.4 | 4.7 | -12.4% |
| Latvia | 3.6 | 3.0 | 2.9 | 4.2 | 5.3% |
| Czech Republic | 1.6 | 1.5 | 2.4 | 3.6 | 31.0% |
| Sweden | 4.8 | 3.8 | 3.1 | 3.3 | -11.7% |
| Germany | 3.6 | 2.8 | 3.2 | 2.9 | -7.0% |
| India | 2.8 | 2.1 | 1.9 | 2.7 | -1.2% |
| Turkey | 0.4 | 1.0 | 1.2 | 2.4 | 81.7% |
| Poland | 2.5 | 0.8 | 1.2 | 2.1 | -5.6% |
| Belgium | 0.7 | 1.0 | 1.3 | 0.8 | 4.6% |
| Others | 7.1 | 4.6 | 3.9 | 6.2 | -4.4% |
| Total | 61.8 | 51.3 | 54.2 | 62.4 | 0.3% |
Top Suppliers of Iron or Steel; Cast Articles to Norway in 2022:
- China (4.5K tons)
- Spain (2.1K tons)
- Turkey (1.5K tons)
- Czech Republic (1.4K tons)
- Italy (1.1K tons)
- Latvia (0.7K tons)
- Germany (0.7K tons)
- Denmark (0.6K tons)
- Poland (0.6K tons)
- India (0.5K tons)
- Sweden (0.5K tons)
- Belgium (0.4K tons)
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