Norway: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in Norway

The Norwegian stainless steel angle market surged to $X in 2021, picking up by 60% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Stainless Steel Angle Exports

Exports from Norway

In 2021, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 384% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, stainless steel angle exports soared to $X in 2021. Over the period under review, exports posted resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 639% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for stainless steel angle exports from Norway, accounting for a 52% share of total exports. Moreover, stainless steel angle exports to Australia exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +85.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+19.0% per year) and the United States (+26.5% per year).

In value terms, Australia ($X), Sweden ($X) and the United States ($X) constituted the largest markets for stainless steel angle exported from Norway worldwide, with a combined 69% share of total exports. These countries were followed by Poland, Denmark, Ukraine, Singapore, Turkey, Lithuania, Finland and Italy, which together accounted for a further 17%.

Ukraine, with a CAGR of +64.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2021, shrinking by -28.5% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 99.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Ukraine ($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 Lithuania (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into Norway

In 2021, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were imported into Norway; surging by 103% compared with the previous year. Over the period under review, imports, however, recorded a perceptible decline. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, stainless steel angle imports surged to $X in 2021. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Latvia (X tons), Sweden (X tons) and Russia (X tons) were the main suppliers of stainless steel angle imports to Norway, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +132.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Latvia ($X) and India ($X) constituted the largest stainless steel angle suppliers to Norway, with a combined 59% share of total imports.

Latvia, with a CAGR of +76.6%, saw 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 stainless steel angle import price stood at $X per ton in 2021, which is down by -33.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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