Price for Steel, Alloy; Angles, Shapes and Sections in Norway - 2024
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Norway (CIF) - 2024
- Price for Steel, Alloy; Angles, Shapes and Sections in Norway (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Norway
- Exports of Steel, Alloy; Angles, Shapes and Sections in Norway
Price for Steel, Alloy; Angles, Shapes and Sections in Norway (CIF) - 2024
In March 2024, the average import price for steel, alloy; angles, shapes and sectionses amounted to $6,299 per ton, rising by 211% against the previous month. Overall, the import price recorded a temperate increase. The pace of growth was the most pronounced in January 2024 when the average import price increased by 503% against the previous month. As a result, import price reached the peak level of $8,794 per ton. From February 2024 to March 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($10,883 per ton), while the price for Italy ($1,896 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Sweden (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Angles, Shapes and Sections in Norway (FOB) - 2022
The average export price for steel, alloy; angles, shapes and sectionses stood at $7,190 per ton in 2022, rising by 51% against the previous year. In general, the export price saw a tangible expansion. The most prominent rate of growth was recorded in 2020 an increase of 216% against the previous year. As a result, the export price attained the peak level of $7,997 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($28,816 per ton), while the average price for exports to Ukraine ($3,319 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 Lithuania (+52.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in Norway
In 2022, approx. 3.1K tons of steel, alloy; angles, shapes and sectionses were imported into Norway; jumping by 170% compared with 2021. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; angles, shapes and sectionses skyrocketed to $6.7M in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Angles, Shapes and Sections in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 1.6 | 310 | 4,685 | 1073.4% |
| Sweden | 939 | 1,354 | 1,505 | 1,457 | 15.8% |
| Italy | 1.5 | 285 | 323 | 399 | 543.1% |
| Poland | 127 | 40.0 | 41.2 | 53.5 | -25.0% |
| Spain | 1,906 | N/A | N/A | N/A | 0% |
| Others | 265 | 409 | 279 | 145 | -18.2% |
| Total | 3,242 | 2,090 | 2,459 | 6,740 | 27.6% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Norway in 2022:
- China (2197.8 tons)
- Sweden (649.1 tons)
- Italy (209.3 tons)
- Poland (13.8 tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in Norway
In 2022, after three years of growth, there was significant decline in shipments abroad of steel, alloy; angles, shapes and sectionses, when their volume decreased by -28.1% to 190 tons. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 251% against the previous year. As a result, the exports reached the peak of 264 tons, and then contracted rapidly in the following year.
In value terms, exports of steel, alloy; angles, shapes and sectionses expanded remarkably to $1.4M in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 458% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Steel, Alloy; Angles, Shapes and Sections in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 48.4 | 274 | 465 | 633 | 135.6% |
| Australia | N/A | 43.7 | 635 | 532 | 248.9% |
| Ukraine | N/A | 22.6 | 44.9 | 46.7 | 43.7% |
| United States | N/A | N/A | 51.6 | 39.5 | -23.4% |
| Italy | N/A | N/A | 6.7 | 35.7 | 432.8% |
| Turkey | 9.7 | 11.0 | 8.6 | N/A | -5.8% |
| Others | 4.9 | N/A | 20.6 | 76.7 | 150.1% |
| Total | 63.0 | 352 | 1,233 | 1,363 | 178.6% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Norway in 2022:
- Australia (124.7 tons)
- Sweden (22.0 tons)
- Ukraine (14.1 tons)
- United States (11.2 tons)
- Italy (9.1 tons)
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