Report Update: May 1, 2024

Norway - Remelting Scrap Ingots Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Metal Remelting Scrap Ingots in Norway - 2023

Price for Metal Remelting Scrap Ingots in Norway (CIF) - 2022

In 2022, the average metal remelting scrap ingots import price amounted to $5,548 per ton, rising by 20% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 94% against the previous year. As a result, import price attained the peak level of $9,945 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 the UK ($7,485 per ton), while the price for Denmark ($596 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Metal Remelting Scrap Ingots in Norway (FOB) - 2022

The average metal remelting scrap ingots export price stood at $145 per ton in 2022, dropping by -37.9% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 112%. The export price peaked at $1,024 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($170 per ton), while the average price for exports to Lithuania stood at $26 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-8.7%), while the prices for the other major destinations experienced a decline.

Imports of Metal Remelting Scrap Ingots in Norway

In 2022, overseas purchases of remelting scrap ingots of iron or steel decreased by -58.8% to 53 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 122% against the previous year. As a result, imports attained the peak of 430 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, metal remelting scrap ingots imports declined markedly to $296K in 2022. Over the period under review, imports faced a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 154% against the previous year. As a result, imports attained the peak of $2.4M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Metal Remelting Scrap Ingots in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	429	1,059	72.2	153	-29.1%
Sweden	1.3	208	181	72.1	281.4%
Finland	484	1,096	154	67.5	-48.1%
Denmark	1.6	7.5	10.3	4.1	36.8%
Spain	23.3	N/A	N/A	N/A	0%
Others	N/A	18.0	179	N/A	894.4%
Total	939	2,389	597	296	-31.9%

Top Suppliers of Metal Remelting Scrap Ingots to Norway in 2022:

United Kingdom (20.4 tons)
Finland (13.5 tons)
Sweden (12.7 tons)
Denmark (6.8 tons)

Exports of Metal Remelting Scrap Ingots in Norway

In 2022, the amount of remelting scrap ingots of iron or steel exported from Norway surged to 93 tons, rising by 55% on the previous year. Over the period under review, exports, however, faced a precipitous shrinkage.

In value terms, metal remelting scrap ingots exports dropped modestly to $13K in 2022. Overall, exports, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 8.4%.

Export of Metal Remelting Scrap Ingots in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Pakistan	229	12.5	13.4	12.9	-61.7%
Lithuania	15.1	0.1	0.5	0.4	-70.2%
Estonia	N/A	0.2	N/A	N/A	0%
Others	5.4	0.1	N/A	0.1	-73.5%
Total	250	12.9	14.0	13.5	-62.2%

Top Export Markets for Metal Remelting Scrap Ingots from Norway in 2022:

Pakistan (76.0 tons)
Lithuania (16.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for metal remelting scrap ingots 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 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023