Price for Steel, Stainless; Angles, Shapes and Sections in Norway - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Norway (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Norway (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Norway
- Exports of Steel, Stainless; Angles, Shapes and Sections in Norway
Price for Steel, Stainless; Angles, Shapes and Sections in Norway (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $6,721 per ton, increasing by 166% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($16,000 per ton), while the price for Latvia ($2,270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Norway (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $16,741 per ton, increasing by 22% against the previous year. Overall, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 502%. As a result, the export price reached the peak level of $19,478 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($87,053 per ton), while the average price for exports to Latvia ($6,031 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 Finland (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Norway
Imports of steel, stainless into Norway declined markedly to 1.1K tons in 2022, shrinking by -68% on the year before. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 193%. As a result, imports attained the peak of 3.5K tons, and then fell markedly in the following year.
In value terms, imports of steel, stainless reduced to $7.6M in 2022. Overall, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by 41%. As a result, imports reached the peak of $8.8M, and then dropped in the following year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,157 | 1,242 | 1,468 | 2,884 | 35.6% |
| Sweden | 3,635 | 1,652 | 1,586 | 2,106 | -16.6% |
| Denmark | 994 | 1,328 | 360 | 644 | -13.5% |
| United Kingdom | 602 | 429 | 332 | 587 | -0.8% |
| Germany | 527 | 416 | 417 | 328 | -14.6% |
| Italy | 136 | 61.5 | 181 | 318 | 32.7% |
| China | 278 | 475 | 439 | 249 | -3.6% |
| Poland | 126 | 106 | 413 | 21.0 | -45.0% |
| Taiwan (Chinese) | 244 | 102 | N/A | 4.3 | -74.0% |
| Latvia | N/A | N/A | 2,061 | 3.2 | -99.8% |
| Russia | N/A | N/A | 914 | N/A | 0% |
| Others | 1,048 | 459 | 654 | 466 | -23.7% |
| Total | 8,747 | 6,269 | 8,826 | 7,612 | -4.5% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Norway in 2022:
- India (554.5 tons)
- Sweden (287.7 tons)
- Denmark (62.7 tons)
- Italy (55.6 tons)
- China (41.8 tons)
- United Kingdom (36.7 tons)
- Germany (34.1 tons)
- Poland (6.9 tons)
- Latvia (1.4 tons)
- Taiwan (Chinese) (1.1 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Norway
In 2022, shipments abroad of steel, stainless increased by 116% to 82 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless soared to $1.3M in 2022. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Angles, Shapes and Sections in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | N/A | 1.3 | 522 | 40053.8% |
| Cyprus | 2.5 | N/A | 65.3 | 166 | 304.9% |
| Malta | N/A | N/A | N/A | 109 | 0% |
| Denmark | 3.6 | 18.3 | 51.9 | 80.2 | 181.4% |
| Poland | 112 | 204 | 91.6 | 63.4 | -17.3% |
| Lithuania | 2.5 | 24.0 | 17.2 | 48.4 | 168.5% |
| United Kingdom | 1.8 | 5.6 | 20.8 | 24.1 | 137.5% |
| Singapore | 38.0 | 34.5 | 44.8 | 17.8 | -22.3% |
| Spain | 3.3 | 62.9 | N/A | 8.4 | 36.5% |
| Sweden | 184 | 41.3 | 0.6 | 6.3 | -67.5% |
| United Arab Emirates | N/A | 28.1 | N/A | 0.8 | -83.1% |
| Belgium | N/A | N/A | 31.6 | N/A | 0% |
| Finland | 294 | 43.3 | 10.2 | N/A | -81.4% |
| Others | 125 | 68.8 | 184 | 264 | 28.3% |
| Total | 767 | 531 | 519 | 1,310 | 19.5% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Norway in 2022:
- Romania (43.2 tons)
- Denmark (13.3 tons)
- Poland (6.3 tons)
- Malta (5.4 tons)
- United Kingdom (3.3 tons)
- Lithuania (1.9 tons)
- Cyprus (1.9 tons)
- Singapore (0.8 tons)
- Sweden (0.5 tons)
- Spain (0.5 tons)
- United Arab Emirates (0.1 tons)
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