Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $36,103 per ton in 2022, growing by 532% against the previous year. Over the period under review, the export price saw a significant expansion. The export price peaked at $130,149 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($43,954 per ton), while the average price for exports to the UK ($15,158 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 Poland (+354.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $20,386 per ton in 2022, with an increase of 31% against the previous year. In general, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 116% against the previous year. Over the period under review, average import prices reached the maximum at $24,674 per ton in 2020; however, from 2021 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 France ($131,279 per ton), while the price for the Netherlands ($8,380 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway
In 2022, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Norway expanded sharply to 800 kg, increasing by 10% compared with the previous year's figure. In general, exports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 247% against the previous year.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $29K in 2022. Overall, exports, however, saw a precipitous contraction.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | 1.2 | 24.8 | 1966.7% |
| United Kingdom | 1.1 | 0.4 | N/A | 2.7 | 34.9% |
| Sweden | 2.7 | N/A | N/A | 1.4 | -19.7% |
| Spain | N/A | N/A | 2.9 | N/A | 0% |
| France | 125 | N/A | N/A | N/A | 0% |
| Estonia | N/A | 1.1 | N/A | N/A | 0% |
| Netherlands | 1.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 130 | 1.5 | 4.2 | 28.9 | -39.4% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Norway in 2022:
- Poland (564.0 kg)
- United Kingdom (177.0 kg)
- Sweden (59.0 kg)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway
After three years of growth, overseas purchases of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -79.9% to 1.1 tons in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 1,068% against the previous year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted dramatically to $23K in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,040% against the previous year.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.8 | 0.6 | N/A | 8.0 | 115.4% |
| France | 1.3 | 0.8 | 0.2 | 8.0 | 83.3% |
| Greece | N/A | N/A | N/A | 5.0 | 0% |
| United States | N/A | 45.3 | 0.5 | 0.2 | -93.4% |
| United Kingdom | 0.2 | 26.5 | 51.5 | 0.1 | -20.6% |
| Sweden | N/A | N/A | 22.4 | N/A | 0% |
| Others | 1.7 | 11.7 | 11.6 | 1.4 | -6.3% |
| Total | 4.0 | 85.1 | 86.1 | 22.6 | 78.1% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Norway in 2022:
- Netherlands (952.0 kg)
- Greece (66.0 kg)
- France (61.0 kg)
- United Kingdom (7.0 kg)
- United States (2.0 kg)
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