Chlorides; of Aluminium Price in Norway - 2023

Contents:

  1. Chlorides; of Aluminium Price in Norway (CIF) - 2023
  2. Chlorides; of Aluminium Price in Norway (FOB) - 2022
  3. Chlorides; of Aluminium Imports in Norway
  4. Chlorides; of Aluminium Exports in Norway

Chlorides; of Aluminium Price in Norway (CIF) - 2023

The average chlorides; of aluminium import price stood at $353 per ton in August 2023, therefore, remained relatively stable against the previous month. Over the last eleven months, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in November 2022 an increase of 24% month-to-month. Over the period under review, average import prices attained the peak figure at $389 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Denmark ($818 per ton), while the price for Sweden totaled $333 per ton.

From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.9%).

Chlorides; of Aluminium Price in Norway (FOB) - 2022

In 2022, the average chlorides; of aluminium export price amounted to $82 per ton, rising by 7.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2015 an increase of 23%. As a result, the export price attained the peak level of $94 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($241 per ton), while the average price for exports to Canada ($39 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 Denmark (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Aluminium Imports in Norway

In 2022, purchases abroad of chlorides; of aluminia decreased by -10.3% to 16K tons, falling for the second year in a row after two years of growth. Overall, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2020 when imports increased by 3.5%. As a result, imports attained the peak of 19K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, chlorides; of aluminium imports fell significantly to $4.3M in 2022. In general, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 6.9% against the previous year. As a result, imports attained the peak of $5.4M, and then reduced dramatically in the following year.

Import of Chlorides; of Aluminium in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden4.34.34.73.6-5.8%
Others0.70.80.70.70.0%
Total5.05.15.44.3-4.9%

Top Suppliers of Chlorides; of Aluminium to Norway in 2022:

  1. Sweden (15.4K tons)

Chlorides; of Aluminium Exports in Norway

In 2022, overseas shipments of chlorides; of aluminia decreased by -1.4% to 16K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11%. As a result, the exports reached the peak of 17K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, chlorides; of aluminium exports rose notably to $1.3M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.4%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Chlorides; of Aluminium in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden869849881801-2.7%
Denmark1061291411276.2%
Singapore31.756.974.497.245.3%
Netherlands78.952.352.786.23.0%
United States31.720.644.360.223.8%
CanadaN/AN/AN/A13.80%
Others86.348.371.015120.5%
Total1,2041,1551,2641,3363.5%

Top Export Markets for Chlorides; of Aluminium from Norway in 2022:

  1. Sweden (11.4K tons)
  2. Netherlands (1.3K tons)
  3. United States (1.0K tons)
  4. Singapore (0.9K tons)
  5. Denmark (0.5K tons)
  6. Canada (0.4K tons)

Source: IndexBox Market Intelligence Platform

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