Norway: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in Norway

After five years of growth, the Norwegian market for welded and cold-formed sections of steel decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a strong increase. Welded and cold-formed steel sections consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from Norway

In 2022, overseas shipments of welded and cold-formed sections of steel decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports faced a sharp setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections exports declined dramatically to $X in 2022. In general, exports faced a significant decrease. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Sweden (X tons) and Angola (X tons) were the main destinations of welded and cold-formed steel sections exports from Norway, together comprising X% of total exports. France, Australia, the UK, the Netherlands and Denmark lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the UK ($X) and the United States ($X) were the largest markets for welded and cold-formed steel sections exported from Norway worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for welded and cold-formed sections of steel stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Angola ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Welded And Cold-Formed Sections Of Steel

Imports into Norway

After four years of growth, purchases abroad of welded and cold-formed sections of steel decreased by X% to X tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, welded and cold-formed steel sections imports declined markedly to $X in 2022. Overall, imports continue to indicate a mild setback. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank sharply in the following year.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of welded and cold-formed steel sections imports to Norway, with a combined X% share of total imports. Germany, China, the UK, the United States, Switzerland and Latvia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest welded and cold-formed steel sections suppliers to Norway were the United States ($X), Poland ($X) and the Netherlands ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 import price for welded and cold-formed sections of steel stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X 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 the United States ($X per ton), while the price for the Netherlands ($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.

Source: IndexBox Platform

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