Price for Wire of Other Alloy Steel in Norway - 2024
Contents:
- Price for Wire of Other Alloy Steel in Norway (CIF) - 2024
- Price for Wire of Other Alloy Steel in Norway (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Norway
- Exports of Wire of Other Alloy Steel in Norway
Price for Wire of Other Alloy Steel in Norway (CIF) - 2024
The average import price for wire of other alloy steels stood at $2,605 per ton in August 2023, shrinking by -37.5% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 45% month-to-month. As a result, import price reached the peak level of $4,168 per ton, and then contracted significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the UK ($7,243 per ton), while the price for Italy ($2,196 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Norway (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $3,245 per ton, which is down by -1.8% against the previous year. In general, the export price showed a noticeable slump. The growth pace was the most rapid in 2020 an increase of 6.7%. Over the period under review, the average export prices hit record highs at $5,173 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,215 per ton), while the average price for exports to Sweden totaled $1,934 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-1.4%).
Imports of Wire of Other Alloy Steel in Norway
For the fourth consecutive year, Norway recorded growth in purchases abroad of wire of other alloy steels, which increased by 3.6% to 1.6K tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, wire of other alloy steel imports stood at $3.5M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Wire of Other Alloy Steel in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.5 | 111 | 883 | 922 | 1126.3% |
| Czech Republic | 610 | 585 | 670 | 779 | 8.5% |
| Italy | 568 | 80.0 | 393 | 762 | 10.3% |
| Sweden | 78.1 | 142 | 140 | 219 | 41.0% |
| Ukraine | N/A | 16.9 | 118 | 161 | 208.7% |
| Germany | 91.7 | 193 | 113 | 151 | 18.1% |
| China | 122 | 70.6 | 102 | 131 | 2.4% |
| Indonesia | 129 | 220 | 33.9 | N/A | -48.7% |
| Others | 544 | 574 | 613 | 330 | -15.3% |
| Total | 2,144 | 1,993 | 3,066 | 3,454 | 17.2% |
Top Suppliers of Wire of Other Alloy Steel to Norway in 2022:
- Turkey (661.6 tons)
- Czech Republic (336.9 tons)
- Italy (291.4 tons)
- Ukraine (105.7 tons)
- China (62.9 tons)
- Sweden (53.7 tons)
- Germany (32.1 tons)
Exports of Wire of Other Alloy Steel in Norway
In 2022, exports of wire of other alloy steels from Norway contracted rapidly to 650 tons, waning by -45.6% against the previous year's figure. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 37%.
In value terms, wire of other alloy steel exports shrank rapidly to $2.1M in 2022. Overall, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $3.9M, and then declined rapidly in the following year.
| Export of Wire of Other Alloy Steel in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 2.7 | 3.8 | 2.1 | -16.4% |
| Others | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Total | 3.7 | 2.8 | 3.9 | 2.1 | -17.2% |
Top Export Markets for Wire of Other Alloy Steel from Norway in 2022:
- China (642.5 tons)
713
This report provides an in-depth analysis of the market for iron and steel wire in Norway.
294
This report provides an in-depth analysis of the market for iron and steel wire in Norway.
2034
This report provides an in-depth analysis of the global market for iron and steel wire.
632
This report provides an in-depth analysis of the global market for iron and steel wire.
886
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1558
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
1090
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1282
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
714
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
982
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3600
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
801
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
332
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
304
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
