Price for Metals; Platinum, Unwrought or in Powder Form in Norway - 2024

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Norway (FOB) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in Norway (CIF) - 2022
3. Exports of Metals; Platinum, Unwrought or in Powder Form in Norway
4. Imports of Metals; Platinum, Unwrought or in Powder Form in Norway

Price for Metals; Platinum, Unwrought or in Powder Form in Norway (FOB) - 2022

In 2022, the average export price for metals; platinum, unwrought or in powder forms amounted to $30,765,780 per ton, declining by -13.3% against the previous year. Overall, the export price saw a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $50,177,130 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($30,855,974 per ton), while the average price for exports to the United States totaled $28,711,321 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-4.6%), while the prices for the other major destinations experienced a decline.

Price for Metals; Platinum, Unwrought or in Powder Form in Norway (CIF) - 2022

The average import price for metals; platinum, unwrought or in powder forms stood at $30,370,399 per ton in 2022, falling by -24.3% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for metals; platinum, unwrought or in powder forms increased by +20.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 133%. The import price peaked at $42,181,493 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($35,193,959 per ton) and Germany ($34,294,133 per ton), while the price for Austria ($26,306,500 per ton) and the UK ($27,325,714 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Metals; Platinum, Unwrought or in Powder Form in Norway

After three years of growth, shipments abroad of metals; platinum, unwrought or in powder forms decreased by -16.3% to 1.9 tons in 2022. Over the period under review, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2021 when exports increased by 7.9% against the previous year. As a result, the exports attained the peak of 2.2 tons, and then dropped remarkably in the following year.

In value terms, exports of metals; platinum, unwrought or in powder forms shrank notably to $58M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $80M, and then reduced rapidly in the following year.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Norway in 2022:

1. United Kingdom (1797.0 kg)
2. United States (78.0 kg)
3. Ukraine (2.0 kg)

Imports of Metals; Platinum, Unwrought or in Powder Form in Norway

In 2022, imports of metals; platinum, unwrought or in powder forms into Norway soared to 298 kg, jumping by 78% against the previous year's figure. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 288% against the previous year. As a result, imports reached the peak of 454 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of metals; platinum, unwrought or in powder forms surged to $9.1M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 278% against the previous year. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Norway in 2022:

1. Belgium (86.0 kg)
2. Italy (61.0 kg)
3. United States (49.0 kg)
4. South Africa (43.0 kg)
5. Austria (32.0 kg)
6. Germany (15.0 kg)
7. United Kingdom (7.0 kg)

Source: IndexBox Market Intelligence Platform