Price for Iron and Non-Alloy Steel in Ingot in Norway - 2024
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Norway (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Norway (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Norway
- Exports of Iron and Non-Alloy Steel in Ingot in Norway
Price for Iron and Non-Alloy Steel in Ingot in Norway (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $2,338 per ton, surging by 20% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $5,709 per ton in 2012; however, from 2013 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 China ($18,883 per ton), while the price for Germany ($1,877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in Norway (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $4,287 per ton in 2022, waning by -16.6% against the previous year. Over the period under review, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. Over the period under review, the average export prices attained the maximum at $6,653 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($6,712 per ton), while the average price for exports to Poland ($3,000 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 Lithuania (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Norway
In 2022, the amount of iron and non-alloy steel in ingots imported into Norway contracted to 498 tons, with a decrease of -5.1% compared with 2021. Overall, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 107% against the previous year. As a result, imports reached the peak of 525 tons, and then declined in the following year.
In value terms, imports of iron and non-alloy steel in ingots expanded markedly to $1.2M in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 122%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Iron and Non-Alloy Steel in Ingot in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.4 | 11.3 | 309 | 320 | 129.7% |
| Germany | 293 | 184 | 436 | 239 | -6.6% |
| Spain | 2.5 | 0.4 | 43.3 | 200 | 330.9% |
| United Kingdom | 7.7 | 70.5 | 58.9 | 104 | 138.1% |
| Czech Republic | 0.5 | N/A | N/A | 91.6 | 467.9% |
| Sweden | 1.9 | 0.4 | 44.9 | 77.1 | 243.6% |
| Denmark | 34.2 | 85.7 | 83.0 | 42.9 | 7.8% |
| Netherlands | 32.4 | 33.4 | 0.3 | 16.1 | -20.8% |
| Others | 82.9 | 76.7 | 51.1 | 74.8 | -3.4% |
| Total | 481 | 462 | 1,027 | 1,165 | 34.3% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Norway in 2022:
- Germany (127.3 tons)
- Sweden (28.9 tons)
- Czech Republic (22.8 tons)
- United Kingdom (17.5 tons)
- China (16.9 tons)
- Denmark (14.5 tons)
- Spain (14.2 tons)
- Netherlands (6.6 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Norway
Exports of iron and non-alloy steel in ingots from Norway surged to 31 tons in 2022, picking up by 47% on the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 112% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of iron and non-alloy steel in ingots surged to $134K in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 73%.
| Export of Iron and Non-Alloy Steel in Ingot in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | 37.7 | 77.6 | 105.8% |
| Sweden | 4.9 | 0.1 | 4.1 | 31.0 | 85.0% |
| United Kingdom | 1.1 | 5.6 | 3.3 | 19.9 | 162.5% |
| Germany | 23.2 | 35.0 | 6.0 | 1.7 | -58.2% |
| France | 135 | N/A | N/A | 0.2 | -88.6% |
| Spain | 3.6 | N/A | 2.9 | N/A | -10.2% |
| Malaysia | N/A | 14.5 | N/A | N/A | 0% |
| Others | 16.1 | 7.6 | 54.9 | 3.2 | -41.6% |
| Total | 184 | 62.9 | 109 | 134 | -10.0% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Norway in 2022:
- Poland (25.9 tons)
- United Kingdom (6.4 tons)
- Sweden (4.6 tons)
- Germany (0.3 tons)
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