Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway - 2024

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway (CIF) - 2024
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway (CIF) - 2024

In December 2023, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,500 per ton, remaining stable against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 11% month-to-month. As a result, import price attained the peak level of $5,684 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($7,166 per ton), while the price for China ($3,749 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by France (-1.2%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway (FOB) - 2022

The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,282 per ton in 2022, flattening at the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +45.5% against 2016 indices. The growth pace was the most rapid in 2015 when the average export price increased by 53%. As a result, the export price attained the peak level of $4,567 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to +7.5% per year.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway

In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms imported into Norway surged to 1.6K tons, with an increase of 24% compared with the year before. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $8.9M in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 66%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Norway in 2022:

1. Netherlands (664.9 tons)
2. United Kingdom (370.2 tons)
3. Spain (198.3 tons)
4. China (172.0 tons)
5. Canada (79.3 tons)
6. Hong Kong SAR (38.4 tons)
7. Turkey (31.9 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Norway

In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms exported from Norway soared to 2.6K tons, rising by 1,069% against the previous year's figure. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 6,891%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms surged to $8.5M in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 8,017%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Norway in 2022:

1. Finland (2.6K tons)

Source: IndexBox Market Intelligence Platform