Norway - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNorway: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2024
Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Norway
In 2022, the Norwegian silicon-electrical steel flat-rolled product market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a prominent expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.
Exports of Flat-Rolled Products Of Silicon-Electrical Steel
Exports from Norway
Silicon-electrical steel flat-rolled product exports from Norway soared to X tons in 2022, with an increase of X% on the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2022. In general, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Lithuania (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Norway, with a X% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to Lithuania exceeded the volume sent to the second major destination, India (X tons), more than tenfold.
From 2012 to 2022, the average annual growth rate of volume to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Germany (X% per year).
In value terms, Lithuania ($X) emerged as the key foreign market for flat-rolled products of silicon-electrical steel exports from Norway, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and India (X% per year).
Export Prices by Country
The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($X 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 (X%).
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Imports of Flat-Rolled Products Of Silicon-Electrical Steel
Imports into Norway
For the third consecutive year, Norway recorded growth in purchases abroad of flat-rolled products of silicon-electrical steel, which increased by X% to X tons in 2022. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.
Imports by Country
Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Norway, together comprising X% of total imports. These countries were followed by China, which accounted for a further X%.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the largest silicon-electrical steel flat-rolled product suppliers to Norway, together comprising X% of total imports. China lagged somewhat behind, comprising a further X%.
China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicon-electrical steel flat-rolled product import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product 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 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
- Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
- Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
- Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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