Norway: Aluminium Market Overview 2020

Aluminium Market Size in Norway

The revenue of the aluminium market in Norway amounted to $X in 2018, going up by X% against the previous year. Overall, aluminium consumption continues to indicate significant growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Norway aluminium consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Aluminium Production in Norway

In value terms, aluminium production stood at $X in 2018 estimated in export prices. In general, aluminium production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Norway aluminium production peaked at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Aluminium Exports

Exports from Norway

In 2018, the exports of aluminium from Norway totaled X tonnes, coming down by -X% against the previous year. Overall, aluminium exports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Norway exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, aluminium exports totaled $X in 2018. Overall, aluminium exports continue to indicate a slight decline. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, aluminium exports reached their maximum at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Russia (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes) were the major exporters of aluminium in the world, mixing up X% of total export. India (X tonnes) held the next position in the ranking, followed by Australia (X tonnes) and Malaysia (X tonnes). All these countries together occupied approx. X% share of total exports. The following exporters - the Netherlands (X tonnes), Iceland (X tonnes), the U.S. (X tonnes), Qatar (X tonnes), China (X tonnes) and Mozambique (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium markets from Norway were Canada ($X), the United Arab Emirates ($X) and Russia ($X), together comprising X% of total exports. India, Australia, Norway, Malaysia, the Netherlands, Iceland, the U.S., Qatar, Mozambique and China lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the aluminium export price in Norway amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Over the period under review, the export prices for aluminium reached their peak figure at $X per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced mixed trends in the export price figures.

Aluminium Imports

Imports into Norway

In 2018, the aluminium imports into Norway totaled X tonnes, picking up by X% against the previous year. Over the period under review, aluminium imports, however, continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, aluminium imports reached their peak of X tonnes. From 2011 to 2018, the growth of aluminium imports failed to regain its momentum.

In value terms, aluminium imports stood at $X in 2018. In general, aluminium imports, however, continue to indicate a drastic deduction. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, aluminium imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Japan (X tonnes), Germany (X tonnes), South Korea (X tonnes) and Italy (X tonnes) represented the largest importers of aluminium, together committing X% of total imports. The Netherlands (X tonnes), Turkey (X tonnes), Mexico (X tonnes), Thailand (X tonnes), Poland (X tonnes), Malaysia (X tonnes) and Taiwan, Chinese (X tonnes) took a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported aluminium into Norway, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., aluminium imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Germany (-X% per year).

Import Prices by Country

The aluminium import price in Norway stood at $X per tonne in 2018, rising by X% against the previous year. In general, the aluminium import price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2010 when the import price increased by X% y-o-y. Over the period under review, the import prices for aluminium reached their maximum at $X per tonne in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Mexico ($X per tonne) and Poland ($X per tonne), while South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform