Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway - 2024
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway (CIF) - 2022
In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $4,681 per ton, picking up by 13% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $5,129 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($9,037 per ton), while the price for Denmark ($2,114 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $8,175 per ton, surging by 6.5% against the previous year. Overall, the export price continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2017 an increase of 85%. As a result, the export price reached the peak level of $15,315 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($24,655 per ton), while the average price for exports to Sweden ($3,300 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 India (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway
In 2022, imports of stainless steel; flat-rolled products of width less than 600mms into Norway soared to 5.6K tons, increasing by 21% against the previous year's figure. The total import volume increased at an average annual rate of +15.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $26M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1.4 | 2.0 | 5.4 | 5.5 | 57.8% |
| China | 0.9 | 4.1 | 4.3 | 4.3 | 68.4% |
| Germany | 0.6 | 1.9 | 2.4 | 3.5 | 80.0% |
| Sweden | 3.9 | 3.5 | 2.1 | 2.8 | -10.5% |
| Denmark | 2.8 | 1.4 | 0.6 | 2.7 | -1.2% |
| Taiwan (Chinese) | 1.4 | 0.5 | 0.8 | 2.4 | 19.7% |
| India | 3.5 | 3.4 | 0.9 | 1.3 | -28.1% |
| Belgium | N/A | 0.1 | 0.1 | 1.0 | 216.2% |
| Others | 1.9 | 2.1 | 2.6 | 2.5 | 9.6% |
| Total | 16.3 | 18.7 | 19.1 | 26.1 | 17.0% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Norway in 2022:
- Finland (1304.0 tons)
- Denmark (1261.7 tons)
- China (781.5 tons)
- Germany (694.4 tons)
- Sweden (469.2 tons)
- Taiwan (Chinese) (399.6 tons)
- Belgium (236.9 tons)
- India (139.8 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway
In 2022, after three years of growth, there was significant decline in overseas shipments of stainless steel; flat-rolled products of width less than 600mms, when their volume decreased by -41.9% to 44 tons. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms contracted remarkably to $361K in 2022. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 65% against the previous year. As a result, the exports attained the peak of $748K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.5 | 2.0 | 4.5 | 66.1 | 253.2% |
| Sweden | 29.5 | 51.0 | 50.5 | 57.9 | 25.2% |
| Germany | 29.8 | 81.8 | 38.7 | 36.3 | 6.8% |
| Russia | 0.8 | N/A | 5.6 | 32.0 | 242.0% |
| Poland | 9.4 | 89.2 | 13.2 | 24.3 | 37.2% |
| United Kingdom | 17.5 | 6.5 | 82.6 | 23.7 | 10.6% |
| Thailand | 4.8 | 252 | 8.5 | 8.1 | 19.1% |
| Denmark | 69.1 | 24.4 | 3.3 | 7.8 | -51.7% |
| Lithuania | N/A | 1.0 | 7.8 | 5.4 | 132.4% |
| Italy | 16.1 | 12.4 | 11.9 | 4.9 | -32.7% |
| South Korea | 25.2 | 98.7 | N/A | N/A | 291.7% |
| Finland | N/A | 7.8 | 91.1 | N/A | 1067.9% |
| Netherlands | 1.7 | 3.3 | 192 | N/A | 962.7% |
| Others | 247 | 117 | 74.0 | 94.6 | -27.4% |
| Total | 452 | 748 | 584 | 361 | -7.2% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Norway in 2022:
- Sweden (17.6 tons)
- United Kingdom (6.9 tons)
- Russia (3.8 tons)
- Poland (3.6 tons)
- Germany (2.9 tons)
- France (2.7 tons)
- Lithuania (1.5 tons)
- Italy (0.7 tons)
- Denmark (0.7 tons)
- Thailand (0.3 tons)
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