Norway - Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Deformed Non-Alloy Steel Wire Rod in Norway - 2023
Contents:
- Price for Deformed Non-Alloy Steel Wire Rod in Norway (FOB) - 2023
- Price for Deformed Non-Alloy Steel Wire Rod in Norway (CIF) - 2023
- Exports of Deformed Non-Alloy Steel Wire Rod in Norway
- Imports of Deformed Non-Alloy Steel Wire Rod in Norway
Price for Deformed Non-Alloy Steel Wire Rod in Norway (FOB) - 2023
In August 2023, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $662 per ton, dropping by -7.8% against the previous month. Overall, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 6.8% m-o-m. The export price peaked at $908 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was Finland ($676 per ton), while the average price for exports to Sweden ($651 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (-2.2%), while the prices for the other major destinations experienced a decline.
Price for Deformed Non-Alloy Steel Wire Rod in Norway (CIF) - 2023
In August 2023, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $733 per ton, dropping by -9.9% against the previous month. Over the period under review, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in May 2023 when the average import price increased by 5.3% against the previous month. Over the period under review, average import prices attained the maximum at $1,068 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Germany ($786 per ton) and Italy ($755 per ton), while the price for Portugal ($690 per ton) and Spain ($701 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (-2.6%), while the prices for the other major suppliers experienced a decline.
Exports of Deformed Non-Alloy Steel Wire Rod in Norway
In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel exported from Norway contracted to 57K tons, with a decrease of -9.6% on 2021 figures. In general, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by 2.4%.
In value terms, deformed non-alloy steel wire rod exports rose notably to $57M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +84.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 69%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Deformed Non-Alloy Steel Wire Rod in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 14.7 | 11.6 | 20.6 | 23.7 | 17.3% |
| Sweden | 16.0 | 14.5 | 22.2 | 21.9 | 11.0% |
| Denmark | 5.6 | 5.0 | 10.0 | 11.5 | 27.1% |
| Others | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Total | 36.3 | 31.1 | 52.7 | 57.3 | 16.4% |
Top Export Markets for Deformed Non-Alloy Steel Wire Rod from Norway in 2022:
- Finland (23.2K tons)
- Sweden (22.5K tons)
- Denmark (11.2K tons)
Imports of Deformed Non-Alloy Steel Wire Rod in Norway
In 2022, imports of ribbed or other deformed wire rod of non-alloy steel into Norway contracted to 28K tons, waning by -7.3% against the previous year's figure. In general, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year.
In value terms, deformed non-alloy steel wire rod imports amounted to $29M in 2022. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 131%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Deformed Non-Alloy Steel Wire Rod in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 4.2 | 4.2 | 4.8 | 12.8 | 45.0% |
| Germany | 8.2 | 4.7 | 9.3 | 7.3 | -3.8% |
| Italy | 5.3 | 0.9 | 7.1 | 5.0 | -1.9% |
| Spain | 0.9 | 0.6 | 0.6 | 1.8 | 26.0% |
| Sweden | N/A | 1.2 | 3.2 | 0.9 | -13.4% |
| Turkey | N/A | N/A | N/A | 0.5 | 0% |
| Lithuania | 1.2 | N/A | N/A | 0.1 | -56.3% |
| Others | 0.7 | N/A | 1.9 | 0.2 | -34.1% |
| Total | 20.4 | 11.7 | 26.9 | 28.6 | 11.9% |
Top Suppliers of Deformed Non-Alloy Steel Wire Rod to Norway in 2022:
- Portugal (13.7K tons)
- Germany (7.0K tons)
- Italy (4.4K tons)
- Spain (1.4K tons)
- Sweden (0.9K tons)
- Turkey (0.5K tons)
- Lithuania (0.1K tons)
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy 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.
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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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