Norway - Aluminum (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingAluminium Price in Norway - 2023
Contents:
- Aluminium Price in Norway (CIF) - 2022
- Aluminium Price in Norway (FOB) - 2022
- Aluminium Imports in Norway
- Aluminium Exports in Norway
Aluminium Price in Norway (CIF) - 2022
The average aluminium import price stood at $3,362 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by +77.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($3,696 per ton) and Singapore ($3,654 per ton), while the price for Oman ($2,746 per ton) and Kazakhstan ($2,937 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Price in Norway (FOB) - 2022
The average aluminium export price stood at $3,490 per ton in 2022, picking up by 18% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium export price increased by +91.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 62%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($5,888 per ton), while the average price for exports to the Netherlands ($2,525 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 France (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Imports in Norway
In 2022, aluminium imports into Norway contracted dramatically to 199K tons, which is down by -21.6% on the previous year's figure. Over the period under review, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of 254K tons, and then reduced dramatically in the following year.
In value terms, aluminium imports shrank modestly to $668M in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 131%. As a result, imports reached the peak of $683M, and then shrank modestly in the following year.
| Import of Aluminium in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 351 | 235 | 572 | 424 | 6.5% |
| United Arab Emirates | N/A | N/A | N/A | 83.2 | 0% |
| South Africa | 12.8 | 9.9 | 27.8 | 32.8 | 36.8% |
| Kazakhstan | N/A | N/A | N/A | 22.6 | 0% |
| Singapore | 8.0 | 2.0 | 5.1 | 17.9 | 30.8% |
| Oman | N/A | 2.1 | 4.4 | 13.6 | 154.5% |
| Bahrain | N/A | 15.7 | 22.0 | 11.7 | -13.7% |
| Others | 31.6 | 30.7 | 52.1 | 62.1 | 25.3% |
| Total | 403 | 296 | 683 | 668 | 18.3% |
Top Suppliers of Aluminium to Norway in 2022:
- Russia (130.7K tons)
- United Arab Emirates (25.4K tons)
- South Africa (10.0K tons)
- Kazakhstan (7.7K tons)
- Singapore (4.9K tons)
- Oman (4.9K tons)
- Bahrain (3.4K tons)
Aluminium Exports in Norway
Aluminium exports from Norway surged to 64K tons in 2022, growing by 17% on the year before. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 273% against the previous year. As a result, the exports attained the peak of 143K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, aluminium exports skyrocketed to $222M in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 184% against the previous year. As a result, the exports reached the peak of $260M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Aluminium in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.1 | 68.4 | 94.0 | 133 | 76.7% |
| Belgium | 23.3 | 26.5 | 27.2 | 29.8 | 8.5% |
| France | 4.9 | 8.0 | 7.2 | 13.5 | 40.2% |
| Spain | 1.8 | 3.0 | 8.5 | 12.3 | 89.8% |
| United States | 1.0 | 0.5 | 3.7 | 10.6 | 119.7% |
| Japan | 3.7 | 2.9 | 5.3 | 7.2 | 24.8% |
| Netherlands | 6.1 | 115 | N/A | 4.8 | -7.7% |
| Switzerland | 21.9 | 20.2 | 4.9 | 0.1 | -83.4% |
| Others | 4.8 | 16.2 | 9.6 | 11.4 | 33.4% |
| Total | 91.6 | 260 | 160 | 222 | 34.3% |
Top Export Markets for Aluminium from Norway in 2022:
- Switzerland (undefinedK tons)
- Germany (38.2K tons)
- Belgium (8.9K tons)
- Spain (4.1K tons)
- France (3.0K tons)
- United States (2.7K tons)
- Netherlands (1.9K tons)
- Japan (1.2K tons)
This report provides an in-depth analysis of the aluminium market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
718
This report provides an in-depth analysis of the aluminium market in Norway.
1065
This report provides an in-depth analysis of the aluminum market in Norway.
294
This report provides an in-depth analysis of the unwrought aluminium alloys market in Norway.
65
This report provides an in-depth analysis of the aluminium and titanium market in Norway.
1472
This report provides an in-depth analysis of the global aluminium market.
7018
This report provides an in-depth analysis of the global aluminum market.
1298
This report provides an in-depth analysis of the global unwrought aluminium alloys market.
106
This report provides an in-depth analysis of the global aluminium and titanium market.
718
This report provides an in-depth analysis of the aluminium market in Norway.
1065
This report provides an in-depth analysis of the aluminum market in Norway.
256
The global aluminium industry relies heavily on import and export markets to meet the growing demand for this versatile metal. Aluminium is used in various industries, including construction, automotive, packaging, and aerospace, making it one of the most sought-after commodities worldwide. In this article, we will explore the world's best import markets for aluminium, providing key statistics and insights.
1933
In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
861
In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
1906
The global trade in unwrought aluminum amounted to X million USD in 2015, showing strong fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports decreased again. Overall
3019
Despite a drop in exports in 2014, Canada continued to dominate in the global unwrought, not alloyed aluminium trade. Canada exported X thousand tons of unwrought, not alloyed aluminium in 2014, totaling X million USD, X% under the previous
442
Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
1262
Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
665
Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
994
In value terms, aluminium casks, drums, cans, boxes imports stood at $X in 2016. In general, aluminium casks, drums, cans, boxes imports continue to indicate a relatively flat trend pattern. Global...
931
In value terms, aluminum reservoirs, tanks and vats imports stood at $X in 2016. Overall, aluminum reservoirs, tanks and vats imports continue to indicate a slight slump. Over the period under revi...
