Report Update: May 1, 2024

Norway - Parts Of Chains Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights

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Metal Chain Parts Price in Norway - 2023

Metal Chain Parts Price in Norway (CIF) - 2023

In August 2023, the average metal chain parts import price amounted to $5,095 per ton, surging by 38% against the previous month. In general, the import price saw a measured expansion. The most prominent rate of growth was recorded in June 2023 an increase of 204% m-o-m. As a result, import price reached the peak level of $31,861 per ton. From July 2023 to August 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,030 per ton), while the price for China ($2,813 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Chain Parts Price in Norway (FOB) - 2022

In 2022, the average metal chain parts export price amounted to $7,262 per ton, which is down by -57.6% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 246% against the previous year. The export price peaked at $28,420 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($20,076 per ton), while the average price for exports to Iceland ($2,104 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 Australia (-0.1%), while the prices for the other major destinations experienced a decline.

Metal Chain Parts Imports in Norway

In 2022, approx. 2.2K tons of parts of chains of iron or steel were imported into Norway; jumping by 51% on 2021 figures. In general, imports, however, recorded a abrupt contraction.

In value terms, metal chain parts imports skyrocketed to $11M in 2022. Overall, imports, however, saw a deep contraction.

Import of Metal Chain Parts in Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.0	1.8	1.6	3.1	-19.8%
Spain	2.6	1.9	2.0	2.2	-5.4%
Germany	1.2	1.2	1.4	1.4	5.3%
Netherlands	0.7	0.1	1.3	1.3	22.9%
United Kingdom	0.9	1.5	0.6	1.0	3.6%
Denmark	0.7	0.4	0.7	0.7	0.0%
Sweden	0.3	0.3	0.5	0.6	26.0%
Others	0.8	0.5	0.8	0.7	-4.4%
Total	13.3	7.7	9.0	11.1	-5.8%

Top Suppliers of Metal Chain Parts to Norway in 2022:

China (1133.9 tons)
Netherlands (385.5 tons)
Spain (376.8 tons)
Germany (107.3 tons)
Denmark (56.3 tons)
Sweden (49.8 tons)
United Kingdom (41.0 tons)

Metal Chain Parts Exports in Norway

After two years of decline, overseas shipments of parts of chains of iron or steel increased by 262% to 599 tons in 2022. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal chain parts exports skyrocketed to $4.3M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Metal Chain Parts in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	1,561	844	1,414	1,794	4.7%
Singapore	833	37.0	61.5	395	-22.0%
Russia	44.6	180	306	389	105.8%
Denmark	37.8	501	43.2	241	85.4%
Netherlands	59.9	205	119	160	38.7%
Australia	71.8	242	0.9	131	22.2%
Germany	89.7	122	92.0	127	12.3%
Poland	129	30.3	45.5	86.5	-12.5%
Lithuania	3.3	23.6	64.6	82.0	191.8%
Spain	72.0	21.2	60.3	76.5	2.0%
South Korea	0.1	6.6	48.8	62.0	752.7%
Sweden	62.4	11.0	28.7	43.1	-11.6%
Iceland	55.7	20.7	12.7	37.6	-12.3%
Others	718	398	541	724	0.3%
Total	3,738	2,642	2,838	4,349	5.2%

Top Export Markets for Metal Chain Parts from Norway in 2022:

United Kingdom (288.6 tons)
Russia (42.9 tons)
Denmark (40.9 tons)
Netherlands (32.2 tons)
Spain (28.1 tons)
Poland (25.0 tons)
Lithuania (20.5 tons)
Singapore (19.7 tons)
Iceland (17.9 tons)
Germany (15.6 tons)
Australia (11.3 tons)
South Korea (9.2 tons)
Sweden (7.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal chain parts 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 25931780 - Parts of chains, n.e.c., of iron or steel

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023