Price for Safety Pins and Other Pins; of Iron or Steel in Norway - 2024

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Norway (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Norway (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Norway
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Norway

Price for Safety Pins and Other Pins; of Iron or Steel in Norway (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $34,422 per ton, waning by -33% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $51,399 per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($146,659 per ton), while the price for Germany ($23,481 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Norway (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $89,925 per ton, dropping by -26.5% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 35%. Over the period under review, the average export prices attained the maximum at $139,921 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($148,548 per ton), while the average price for exports to Russia ($18,813 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 Nigeria (+59.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety Pins and Other Pins; of Iron or Steel in Norway

After two years of decline, supplies from abroad of safety pins and other pins; of iron or steels increased by 145% to 12 tons in 2022. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels skyrocketed to $413K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Norway in 2022:

1. China (5.2 tons)
2. Sweden (1.4 tons)
3. Taiwan (Chinese) (1.0 tons)
4. Germany (1.0 tons)
5. Malaysia (0.8 tons)
6. Czech Republic (0.7 tons)
7. Denmark (0.7 tons)
8. United Kingdom (0.1 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Norway

Exports of safety pins and other pins; of iron or steels from Norway reduced remarkably to 1 tons in 2022, waning by -72.8% on 2021 figures. Over the period under review, exports faced a significant contraction. The growth pace was the most rapid in 2021 with an increase of 5.4% against the previous year.

In value terms, exports of safety pins and other pins; of iron or steels declined significantly to $93K in 2022. In general, exports showed a precipitous slump. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $463K, and then reduced dramatically in the following year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Norway in 2022:

1. Russia (321.0 kg)
2. Netherlands (223.0 kg)
3. United States (115.0 kg)
4. Australia (106.0 kg)
5. Denmark (74.0 kg)
6. France (42.0 kg)
7. Turkey (38.0 kg)
8. Sweden (23.0 kg)

Source: IndexBox Market Intelligence Platform