Norway: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Norway

After two years of decline, the Norwegian hot-dipped metal-coated sheet market increased by 55% to $X in 2021. Over the period under review, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Norway

In 2021, shipments abroad of hot-dipped metal-coated sheet increased by 14% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 35%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for hot-dipped metal-coated sheet exports from Norway, accounting for a 96% share of total exports. It was followed by Lithuania (X tons), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at -17.8%.

In value terms, Sweden ($X) remains the key foreign market for hot-dipped metal-coated sheet exports from Norway, comprising 91% of total exports. The second position in the ranking was held by Lithuania ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at -15.0%.

Export Prices by Country

The average hot-dipped metal-coated sheet export price stood at $X per ton in 2021, picking up by 2.4% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-dipped metal-coated sheet export price increased by +99.8% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+3.3%).

Hot-Dipped Metal-Coated Sheet Imports

Imports into Norway

In 2021, supplies from abroad of hot-dipped metal-coated sheet was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a perceptible downturn. The growth pace was the most rapid in 2016 when imports increased by 31% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), the UK (X tons) and Sweden (X tons) were the main suppliers of hot-dipped metal-coated sheet imports to Norway, together accounting for 75% of total imports. Finland, Germany, France, Russia, Belgium, Denmark and Taiwan (Chinese) lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +176.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-dipped metal-coated sheet suppliers to Norway were the UK ($X), the Netherlands ($X) and Sweden ($X), with a combined 71% share of total imports. These countries were followed by Germany, Finland, Taiwan (Chinese), Belgium, Denmark, France and Russia, which together accounted for a further 21%.

Among the main suppliers, Russia, with a CAGR of +127.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-dipped metal-coated sheet import price stood at $X per ton in 2021, jumping by 49% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-dipped metal-coated sheet import price increased by +49.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Russia ($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 (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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