Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway - 2024

Contents:

  1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway (FOB) - 2024
  2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway (CIF) - 2022
  3. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway
  4. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway (FOB) - 2024

In January 2024, the average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $4,058 per ton, picking up by 4.6% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $4,556 per ton in April 2023; however, from May 2023 to January 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Denmark ($4,675 per ton), while the average price for exports to the United States ($2,798 per ton) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.6%), while the prices for the other major destinations experienced a decline.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway (CIF) - 2022

In 2022, the average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $5,561 per ton, jumping by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,943 per ton), while the price for Hong Kong SAR ($3,815 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway

After three years of growth, shipments abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s decreased by -5.2% to 96K tons in 2022. The total export volume increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of 101K tons, and then dropped in the following year.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s surged to $461M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany53.857.171.489.718.6%
Denmark36.440.650.871.725.4%
Italy28.727.940.049.720.1%
Poland28.330.842.440.813.0%
Switzerland21.220.829.931.914.6%
Sweden12.214.319.830.836.2%
United States7.35.224.524.950.5%
United Kingdom9.29.023.024.839.2%
France12.111.121.122.422.8%
Netherlands4.89.917.415.146.5%
Belgium4.66.613.713.141.7%
Spain3.43.56.39.641.3%
Others20.925.228.936.320.2%
Total24326238946123.8%

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Norway in 2022:

  1. Germany (18.6K tons)
  2. Denmark (14.0K tons)
  3. Italy (9.9K tons)
  4. Poland (8.2K tons)
  5. Switzerland (7.2K tons)
  6. United States (6.3K tons)
  7. Sweden (6.0K tons)
  8. United Kingdom (5.1K tons)
  9. France (4.8K tons)
  10. Netherlands (3.8K tons)
  11. Belgium (2.8K tons)
  12. Spain (2.2K tons)

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway

In 2022, approx. 13K tons of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s were imported into Norway; surging by 13% against the previous year's figure. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s skyrocketed to $75M in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 45%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.54.16.119.352.0%
Denmark9.210.113.116.421.3%
Italy5.14.18.38.819.9%
Germany4.14.24.45.06.8%
SingaporeN/A0.61.53.2130.9%
Sweden0.81.01.93.157.1%
Greece0.60.61.23.172.9%
Bahrain1.40.91.12.419.7%
Austria1.20.81.31.916.6%
France1.41.11.31.910.7%
IndiaN/AN/A0.11.0900.0%
Hong Kong SAR0.1N/AN/A0.9108.0%
Hungary2.61.62.00.8-32.5%
Others10.17.310.47.2-10.7%
Total42.136.452.774.921.2%

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Norway in 2022:

  1. China (4131.3 tons)
  2. Denmark (2783.1 tons)
  3. Italy (1541.6 tons)
  4. Germany (625.5 tons)
  5. Greece (585.9 tons)
  6. Singapore (534.2 tons)
  7. Bahrain (529.0 tons)
  8. Sweden (459.0 tons)
  9. France (318.7 tons)
  10. Austria (267.7 tons)
  11. India (254.8 tons)
  12. Hong Kong SAR (246.1 tons)
  13. Hungary (167.8 tons)

Source: IndexBox Market Intelligence Platform

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