Norway - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Norway - 2023
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Norway (FOB) - 2023
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Norway (CIF) - 2022
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Norway
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Norway
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Norway (FOB) - 2023
In August 2023, the average export price for hot-rolled non-alloy steel wire rods amounted to $663 per ton, dropping by -8.6% against the previous month. Over the period under review, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in October 2022 an increase of 5.1% month-to-month. Over the period under review, the average export prices attained the peak figure at $935 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 foreign markets. In August 2023, the highest price was recorded for prices to Finland ($668 per ton) and Estonia ($664 per ton), while the average price for exports to Denmark ($656 per ton) and Sweden ($660 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (0.0%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Norway (CIF) - 2022
The average import price for hot-rolled non-alloy steel wire rods stood at $1,042 per ton in 2022, with an increase of 15% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 54%. Over the period under review, average import prices reached the peak figure at $1,102 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($1,340 per ton) and Lithuania ($1,201 per ton), while the price for Portugal ($934 per ton) and Germany ($1,045 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Norway
In 2022, overseas shipments of hot-rolled non-alloy steel wire rods decreased by -6.1% to 132K tons, falling for the second consecutive year after two years of growth. In general, exports showed a pronounced contraction. The growth pace was the most rapid in 2020 when exports increased by 8.7%. As a result, the exports reached the peak of 158K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, hot-rolled non-alloy steel wire rod exports expanded remarkably to $129M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.0% against 2020 indices. 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 hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 51.3 | 50.4 | 71.7 | 77.2 | 14.6% |
| Finland | 24.2 | 21.2 | 34.6 | 39.8 | 18.0% |
| Denmark | 5.6 | 5.8 | 10.0 | 11.5 | 27.1% |
| Others | 0.3 | 1.6 | N/A | 0.3 | 0.0% |
| Total | 81.3 | 79.0 | 116 | 129 | 16.6% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Norway in 2022:
- Sweden (80.1K tons)
- Finland (40.2K tons)
- Denmark (11.2K tons)
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Norway
In 2022, the amount of hot-rolled non-alloy steel wire rods imported into Norway contracted to 30K tons, declining by -11.8% compared with the previous year. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 35%.
In value terms, hot-rolled non-alloy steel wire rod imports expanded to $31M in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 107% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Hot-Rolled 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 | 5.7 | 9.3 | 7.4 | -3.4% |
| Italy | 5.6 | 1.0 | 7.1 | 5.0 | -3.7% |
| Spain | 1.0 | 0.6 | 0.6 | 1.9 | 23.9% |
| Lithuania | 3.0 | 1.5 | 1.8 | 1.2 | -26.3% |
| Sweden | 0.1 | 1.3 | 3.3 | 1.1 | 122.4% |
| Turkey | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Russia | N/A | N/A | 1.8 | N/A | 0% |
| Others | 1.0 | 0.2 | 1.4 | 0.9 | -3.5% |
| Total | 23.1 | 14.6 | 30.3 | 30.8 | 10.1% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Norway in 2022:
- Portugal (13.7K tons)
- Germany (7.1K tons)
- Italy (4.4K tons)
- Spain (1.4K tons)
- Sweden (1.1K tons)
- Lithuania (1.0K tons)
- Turkey (0.5K tons)
This report provides an in-depth analysis of the market for hot-rolled 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)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other 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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