Norway - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in Norway - 2023
Contents:
- Metal Self-Locking Nut Price in Norway (CIF) - 2022
- Metal Self-Locking Nut Price in Norway (FOB) - 2022
- Metal Self-Locking Nut Imports in Norway
- Metal Self-Locking Nut Exports in Norway
Metal Self-Locking Nut Price in Norway (CIF) - 2022
In 2022, the average metal self-locking nut import price amounted to $7,762 per ton, with an increase of 4.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 38% against the previous year. The import price peaked at $10,735 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($54,470 per ton), while the price for Hong Kong SAR ($2,947 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Self-Locking Nut Price in Norway (FOB) - 2022
In 2022, the average metal self-locking nut export price amounted to $16,324 per ton, declining by -3.6% against the previous year. In general, the export price recorded a pronounced reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 205%. The export price peaked at $37,067 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 export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($62,128 per ton), while the average price for exports to Faroe Islands ($4,198 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 Germany (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Self-Locking Nut Imports in Norway
In 2022, the amount of iron or steel nuts (including self-locking nuts) imported into Norway was estimated at 3K tons, surging by 9% against the year before. Over the period under review, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, metal self-locking nut imports expanded markedly to $23M in 2022. The total import value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Metal Self-Locking Nut in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 2.9 | 6.2 | 7.7 | 38.5% |
| Germany | 5.9 | 3.4 | 3.6 | 4.4 | -9.3% |
| United Kingdom | 2.7 | 2.5 | 2.0 | 2.8 | 1.2% |
| Italy | 0.6 | 0.5 | 1.1 | 1.3 | 29.4% |
| Taiwan (Chinese) | 1.1 | 1.7 | 1.5 | 1.1 | 0.0% |
| Sweden | 1.5 | 0.9 | 1.3 | 1.0 | -12.6% |
| Netherlands | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Denmark | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
| Hong Kong SAR | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Others | 3.0 | 4.0 | 3.4 | 3.7 | 7.2% |
| Total | 18.5 | 16.7 | 20.3 | 23.0 | 7.5% |
Top Suppliers of Metal Self-Locking Nut to Norway in 2022:
- China (1903.8 tons)
- Germany (344.9 tons)
- Taiwan (Chinese) (154.1 tons)
- Hong Kong SAR (100.2 tons)
- Italy (68.3 tons)
- Netherlands (55.9 tons)
- United Kingdom (50.8 tons)
- Sweden (46.9 tons)
- Denmark (43.3 tons)
Metal Self-Locking Nut Exports in Norway
In 2022, the amount of iron or steel nuts (including self-locking nuts) exported from Norway surged to 242 tons, picking up by 21% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal self-locking nut exports surged to $4M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Metal Self-Locking Nut in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 363 | 187 | 257 | 584 | 17.2% |
| Sweden | 151 | 166 | 303 | 417 | 40.3% |
| United Kingdom | 383 | 183 | 241 | 333 | -4.6% |
| United States | 299 | 232 | 133 | 309 | 1.1% |
| Netherlands | 323 | 405 | 200 | 260 | -7.0% |
| Germany | 90.9 | 216 | 127 | 178 | 25.1% |
| Singapore | 336 | 78.8 | 103 | 167 | -20.8% |
| France | 48.0 | 257 | 242 | 157 | 48.4% |
| Poland | 153 | 74.4 | 142 | 117 | -8.6% |
| Turkey | 6.1 | 38.4 | 75.0 | 73.6 | 129.4% |
| United Arab Emirates | 77.4 | 92.0 | 51.9 | 50.5 | -13.3% |
| Bulgaria | 0.2 | 4.3 | 2.7 | 36.1 | 465.1% |
| Faroe Islands | 13.6 | 27.3 | 1.9 | 29.8 | 29.9% |
| Others | 1,174 | 1,188 | 1,505 | 1,245 | 2.0% |
| Total | 3,417 | 3,149 | 3,384 | 3,958 | 5.0% |
Top Export Markets for Metal Self-Locking Nut from Norway in 2022:
- Denmark (71.7 tons)
- Sweden (38.6 tons)
- France (17.2 tons)
- United Kingdom (15.6 tons)
- Netherlands (11.8 tons)
- Poland (11.4 tons)
- Germany (10.1 tons)
- Faroe Islands (7.1 tons)
- United Arab Emirates (5.9 tons)
- United States (5.0 tons)
- Bulgaria (4.2 tons)
- Turkey (4.1 tons)
- Singapore (2.7 tons)
This report provides an in-depth analysis of the metal self-locking nut 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
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
-
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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