Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $2,218 per ton in January 2024, jumping by 29% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the Netherlands ($6,575 per ton), while the price for Ukraine ($1,546 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Luxembourg (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $9,339 per ton in 2022, surging by 63% against the previous year. Overall, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2018 an increase of 844%. As a result, the export price attained the peak level of $35,126 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($48,080 per ton), while the average price for exports to Croatia ($1,322 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 Austria (+297.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway
After three years of growth, supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -32.9% to 11K tons in 2022. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs fell to $20M in 2022. The total import value increased at an average annual rate of +4.6% 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 when imports increased by 18%. As a result, imports reached the peak of $24M, and then dropped in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 6.5 | 7.0 | 4.5 | 9.6 | 13.9% |
| Slovakia | 5.5 | 8.5 | 12.8 | 7.1 | 8.9% |
| Germany | 3.0 | 0.8 | 2.2 | 1.5 | -20.6% |
| China | 0.5 | 0.7 | 0.9 | 0.8 | 17.0% |
| Luxembourg | 0.5 | 0.8 | 1.6 | 0.2 | -26.3% |
| Sweden | 0.5 | 0.6 | 0.4 | 0.2 | -26.3% |
| Turkey | 0.8 | 0.9 | N/A | N/A | 12.5% |
| Others | 0.6 | 0.8 | 1.2 | 0.9 | 14.5% |
| Total | 17.8 | 20.1 | 23.8 | 20.4 | 4.6% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Norway in 2022:
- Czech Republic (5.8K tons)
- Slovakia (3.9K tons)
- Germany (0.6K tons)
- China (0.2K tons)
- Luxembourg (0.1K tons)
- Sweden (0.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway
In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -47.7% to 15 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a mild descent. The most prominent rate of growth was recorded in 2020 with an increase of 56%.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs dropped to $140K in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 19%. As a result, the exports attained the peak of $265K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1.2 | 7.3 | 26.0 | 42.8 | 229.2% |
| United Kingdom | 68.9 | 1.5 | 0.3 | 26.1 | -27.6% |
| Czech Republic | N/A | N/A | N/A | 14.0 | 0% |
| Poland | 8.6 | 6.4 | 30.3 | 13.3 | 15.6% |
| Sweden | 9.7 | 0.3 | 0.2 | 9.5 | -0.7% |
| Austria | N/A | N/A | 1.5 | 8.4 | 460.0% |
| Mexico | 10.0 | 4.1 | 4.9 | 3.9 | -26.9% |
| Croatia | N/A | N/A | 7.9 | 1.5 | -81.0% |
| Russia | 0.9 | 19.1 | N/A | 0.7 | -8.0% |
| Denmark | N/A | 0.2 | 3.0 | 0.2 | 0.0% |
| South Korea | 90.9 | N/A | N/A | N/A | 0% |
| China | N/A | 213 | N/A | N/A | 0% |
| United States | 0.8 | N/A | 40.5 | N/A | 611.5% |
| Others | 31.9 | 12.8 | 49.4 | 19.1 | -15.7% |
| Total | 223 | 265 | 164 | 140 | -14.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Norway in 2022:
- Finland (4.0 tons)
- Austria (3.5 tons)
- Czech Republic (3.2 tons)
- Poland (1.2 tons)
- Croatia (1.1 tons)
- Sweden (0.8 tons)
- United Kingdom (0.5 tons)
- Denmark (0.1 tons)
- Russia (0.1 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Norway.
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