Norway - Iron Or Steel Chain - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Chain Price in Norway - 2023
Contents:
- Metal Chain Price in Norway (CIF) - 2023
- Metal Chain Price in Norway (FOB) - 2022
- Metal Chain Imports in Norway
- Metal Chain Exports in Norway
Metal Chain Price in Norway (CIF) - 2023
In August 2023, the average metal chain import price amounted to $2,303 per ton, with a decrease of -14.9% against the previous month. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in November 2022 an increase of 170% against the previous month. Over the period under review, average import prices hit record highs at $6,700 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From August 2022 to August 2023, the rate of growth in terms of prices for the UK amounted to +50.6% per month.
Metal Chain Price in Norway (FOB) - 2022
In 2022, the average metal chain export price amounted to $4,131 per ton, surging by 21% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum at $6,814 per ton in 2012; however, from 2013 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 Malaysia ($8,684 per ton), while the average price for exports to Faroe Islands ($3,190 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 Faroe Islands (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Chain Imports in Norway
In 2022, approx. 6.3K tons of iron or steel chain were imported into Norway; dropping by -37% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. As a result, imports reached the peak of 9.9K tons, and then dropped remarkably in the following year.
In value terms, metal chain imports fell dramatically to $19M in 2022. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 118%. As a result, imports reached the peak of $28M, and then dropped sharply in the following year.
| Import of Metal Chain in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 15.0 | N/A | 21.0 | 9.3 | -14.7% |
| China | 4.8 | 9.6 | 2.9 | 5.8 | 6.5% |
| United Kingdom | 0.3 | 0.4 | 0.7 | 0.4 | 10.1% |
| Others | 2.2 | 2.7 | 3.2 | 3.0 | 10.9% |
| Total | 22.3 | 12.7 | 27.8 | 18.5 | -6.0% |
Top Suppliers of Metal Chain to Norway in 2022:
- Spain (3.4K tons)
- China (2.3K tons)
- United Kingdom (0.2K tons)
Metal Chain Exports in Norway
For the fourth consecutive year, Norway recorded growth in shipments abroad of iron or steel chain, which increased by 5.8% to 2.4K tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +68.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, metal chain exports surged to $9.9M in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Metal Chain in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 339 | 329 | 1,312 | 1,325 | 57.5% |
| Russia | 868 | 997 | 935 | 1,268 | 13.5% |
| United Kingdom | 751 | 629 | 220 | 1,156 | 15.5% |
| Netherlands | 180 | 191 | 758 | 991 | 76.6% |
| Sweden | 312 | 350 | 876 | 889 | 41.8% |
| Lithuania | 422 | 574 | 575 | 849 | 26.2% |
| Iceland | 240 | 398 | 848 | 644 | 39.0% |
| Faroe Islands | 261 | 580 | 374 | 483 | 22.8% |
| Others | 1,955 | 1,192 | 1,805 | 2,263 | 5.0% |
| Total | 5,327 | 5,239 | 7,702 | 9,867 | 22.8% |
Top Export Markets for Metal Chain from Norway in 2022:
- Denmark (397.9 tons)
- Russia (324.0 tons)
- United Kingdom (307.8 tons)
- Lithuania (252.2 tons)
- Sweden (249.4 tons)
- Netherlands (229.8 tons)
- Iceland (194.5 tons)
- Faroe Islands (151.5 tons)
This report provides an in-depth analysis of the metal chain 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 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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1311
In value terms, transmission shafts and cranks imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend patter...
848
In value terms, transmission shafts and cranks exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some not...
1160
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
829
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
