Price for Steel, Stainless; Ingots and Other Primary Forms in Norway - 2024
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Norway (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Norway (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Norway
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Norway
Price for Steel, Stainless; Ingots and Other Primary Forms in Norway (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $7,450 per ton in 2022, dropping by -67.9% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 140% against the previous year. Over the period under review, average import prices reached the maximum at $39,862 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 Sweden ($28,768 per ton), while the price for China ($4,843 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Norway (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $34,234 per ton in 2022, falling by -9.2% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 279% against the previous year. The export price peaked at $94,639 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
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 Mexico ($144,030 per ton), while the average price for exports to Lithuania ($1,504 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 the Netherlands (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Norway
In 2022, after two years of decline, there was significant growth in supplies from abroad of steel, stainless; ingots and other primary formses, when their volume increased by 815% to 76 tons. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; ingots and other primary formses skyrocketed to $569K in 2022. Overall, imports, however, continue to indicate a dramatic decrease.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.6 | 9.8 | 22.6 | 235 | 152.5% |
| Italy | N/A | N/A | 0.8 | 212 | 26400.0% |
| Sweden | 677 | 281 | 6.6 | 78.4 | -51.3% |
| United States | 4.1 | 2.3 | 8.6 | 24.0 | 80.2% |
| Netherlands | 37.3 | 4.2 | 5.7 | 7.2 | -42.2% |
| Denmark | 194 | 242 | 7.1 | 3.3 | -74.3% |
| Germany | 258 | N/A | 111 | 2.9 | -77.6% |
| Ireland | 13.2 | N/A | 2.4 | 0.6 | -64.3% |
| Others | 81.1 | 69.7 | 28.4 | 5.4 | -59.5% |
| Total | 1,279 | 608 | 194 | 569 | -23.7% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Norway in 2022:
- China (48.5 tons)
- Italy (22.7 tons)
- Sweden (2.7 tons)
- United States (1.2 tons)
- Netherlands (0.8 tons)
- Denmark (0.2 tons)
- Germany (0.1 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Norway
Exports of steel, stainless; ingots and other primary formses from Norway fell sharply to 2 tons in 2022, which is down by -69.5% compared with 2021. Over the period under review, exports recorded a dramatic downturn. The smallest decline of -14.3% was in 2021.
In value terms, exports of steel, stainless; ingots and other primary formses declined sharply to $69K in 2022. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 175%.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 190 | 36.5 | -80.8% |
| Iceland | N/A | N/A | N/A | 10.2 | 0% |
| Mexico | 3.7 | 2.9 | 14.6 | 4.8 | 9.1% |
| Panama | N/A | N/A | N/A | 3.7 | 0% |
| Canada | N/A | 4.7 | N/A | 2.8 | -22.8% |
| Netherlands | 30.2 | N/A | 0.5 | 1.8 | -60.9% |
| Sweden | 2.9 | 41.0 | N/A | 1.1 | -27.6% |
| Lithuania | N/A | N/A | N/A | 0.4 | 0% |
| Denmark | 41.7 | N/A | N/A | N/A | 0% |
| Finland | 137 | N/A | N/A | N/A | 0% |
| Estonia | 10.3 | 5.4 | N/A | N/A | -47.6% |
| Others | 48.7 | 36.4 | 43.9 | 7.8 | -45.7% |
| Total | 274 | 90.4 | 249 | 68.9 | -36.9% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Norway in 2022:
- United Kingdom (794.0 kg)
- Iceland (630.0 kg)
- Lithuania (250.0 kg)
- Sweden (150.0 kg)
- Canada (40.0 kg)
- Panama (40.0 kg)
- Mexico (33.0 kg)
- Netherlands (15.0 kg)
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