Norway: Iron Angle Market 2025

Iron Angle Market Size in Norway

In 2021, after two years of decline, there was significant growth in the Norwegian iron angle market, when its value increased by 44% to $X. Over the period under review, consumption posted a noticeable expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Iron Angle Production in Norway

In value terms, iron angle production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 386% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Iron Angle Exports

Exports from Norway

In 2021, overseas shipments of angles, shapes and sections (of iron or non-alloy steel) decreased by -41.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 674%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron angle exports shrank markedly to $X in 2021. Overall, exports recorded a significant contraction. The pace of growth was the most pronounced in 2019 when exports increased by 954%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for iron angle exports from Norway, accounting for a 59% share of total exports. Moreover, iron angle exports to Thailand exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+7.5% per year) and Belgium (+39.1% per year).

In value terms, Thailand ($X) remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Norway, comprising 59% of total exports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total exports. It was followed by Belgium, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+5.0% per year) and Belgium (+29.2% per year).

Export Prices by Country

The average iron angle export price stood at $X per ton in 2021, declining by -39% against the previous year. In general, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36%. The export price peaked at $X per ton in 2020, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Norway

In 2021, the amount of angles, shapes and sections (of iron or non-alloy steel) imported into Norway expanded rapidly to X tons, surging by 10% compared with 2020. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, iron angle imports soared to $X in 2021. Overall, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, 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.

Imports by Country

Germany (X tons), Luxembourg (X tons) and Poland (X tons) were the main suppliers of iron angle imports to Norway, together accounting for 83% of total imports. These countries were followed by France, Denmark, Italy, Spain and the UK, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +7.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle suppliers to Norway were Germany ($X), Luxembourg ($X) and Poland ($X), with a combined 82% share of total imports. France, Denmark, Italy, Spain and the UK lagged somewhat behind, together accounting for a further 13%.

Spain, with a CAGR of +9.0%, recorded the highest rates of growth with regard to 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 iron angle import price stood at $X per ton in 2021, jumping by 43% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and Spain ($X per ton), while the price for France ($X per ton) and Luxembourg ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :