Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway - 2024
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway (CIF) - 2024
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway (CIF) - 2024
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $6,402 per ton in December 2023, which is down by -8.2% against the previous month. Overall, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in July 2023 an increase of 93% month-to-month. Over the period under review, average import prices hit record highs at $7,686 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($7,870 per ton), while the price for Denmark ($3,174 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $10,839 per ton, picking up by 20% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel bars and rods, angles, shapes and sectionses increased by +52.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 27% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($20,384 per ton), while the average price for exports to Romania ($5,314 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 Germany (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway
In 2022, imports of stainless steel bars and rods, angles, shapes and sectionses into Norway contracted notably to 7.4K tons, falling by -19% on 2021 figures. Overall, imports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 11%.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $49M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 13.5 | 9.7 | 10.4 | 15.3 | 4.3% |
| Germany | 10.0 | 9.7 | 8.5 | 10.7 | 2.3% |
| Italy | 3.3 | 1.8 | 3.6 | 4.8 | 13.3% |
| India | 2.0 | 2.4 | 2.7 | 4.1 | 27.0% |
| United Kingdom | 2.5 | 2.3 | 2.7 | 3.2 | 8.6% |
| Denmark | 3.0 | 2.6 | 1.6 | 2.4 | -7.2% |
| France | 1.5 | 1.2 | 1.1 | 1.4 | -2.3% |
| Spain | 0.9 | 0.9 | 0.4 | 1.3 | 13.0% |
| China | 0.9 | 0.7 | 0.8 | 0.9 | 0.0% |
| Taiwan (Chinese) | 0.5 | 0.5 | 0.6 | 0.8 | 17.0% |
| Poland | 0.8 | 1.0 | 0.8 | 0.5 | -14.5% |
| Lithuania | 0.4 | N/A | 0.1 | 0.1 | -37.0% |
| Russia | N/A | N/A | 0.9 | N/A | 0% |
| Others | 4.0 | 4.2 | 5.5 | 3.5 | -4.4% |
| Total | 43.2 | 37.0 | 39.6 | 49.0 | 4.3% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Norway in 2022:
- Sweden (2068.6 tons)
- Germany (2013.0 tons)
- India (779.0 tons)
- Italy (612.7 tons)
- United Kingdom (323.5 tons)
- Denmark (309.9 tons)
- China (216.3 tons)
- France (193.0 tons)
- Spain (167.0 tons)
- Poland (162.1 tons)
- Taiwan (Chinese) (158.4 tons)
- Lithuania (29.2 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway
In 2022, exports of stainless steel bars and rods, angles, shapes and sectionses from Norway declined to 1.8K tons, shrinking by -9% compared with the previous year. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 82%. As a result, the exports attained the peak of 1.9K tons, and then fell in the following year.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses expanded markedly to $19M in 2022. Over the period under review, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 130%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 371 | 124 | 45.0 | 4,403 | 128.1% |
| United Kingdom | 2,922 | 3,466 | 3,001 | 3,697 | 8.2% |
| Denmark | 1,424 | 209 | 546 | 1,718 | 6.5% |
| Germany | 979 | 301 | 586 | 1,683 | 19.8% |
| Singapore | 153 | 36.2 | 162 | 1,044 | 89.7% |
| Netherlands | 371 | 98.1 | 154 | 694 | 23.2% |
| Italy | 270 | 800 | 6,150 | 603 | 30.7% |
| Romania | N/A | N/A | 5.6 | 560 | 9900.0% |
| Poland | 485 | 394 | 502 | 527 | 2.8% |
| Switzerland | 54.4 | 41.2 | 34.1 | 456 | 103.1% |
| Estonia | 45.9 | 14.6 | 218 | 299 | 86.8% |
| Taiwan (Chinese) | N/A | 26.8 | 41.0 | 202 | 174.5% |
| Others | 4,318 | 2,077 | 6,036 | 3,177 | -9.7% |
| Total | 11,393 | 7,588 | 17,480 | 19,064 | 18.7% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Norway in 2022:
- Sweden (430.4 tons)
- United Kingdom (394.6 tons)
- Denmark (130.0 tons)
- Romania (105.4 tons)
- Italy (104.0 tons)
- Singapore (89.0 tons)
- Germany (82.6 tons)
- Netherlands (56.6 tons)
- Switzerland (53.5 tons)
- Poland (49.2 tons)
- Taiwan (Chinese) (31.1 tons)
- Estonia (26.8 tons)
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