Norway: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in Norway

The Norwegian non-alloy steel u-section market declined to $X in 2022, falling by -6% 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). Overall, consumption, however, recorded a mild expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Alloy Steel U-Section Exports

Exports from Norway

Non-alloy steel u-section exports from Norway shrank markedly to X tons in 2022, falling by -49.6% against the previous year's figure. Over the period under review, exports faced a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 372%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-alloy steel u-section exports shrank to $X in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 616% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for non-alloy steel u-section exports from Norway, with a 66% share of total exports. Moreover, non-alloy steel u-section exports to Romania exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold. The third position in this ranking was held by Finland (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+26.0% per year) and Finland (-19.5% per year).

In value terms, the Czech Republic ($X), Romania ($X) and Finland ($X) constituted the largest markets for non-alloy steel u-section exported from Norway worldwide, with a combined 94% share of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of +28.6%, 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 non-alloy steel u-section export price stood at $X per ton in 2022, picking up by 75% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 80%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Poland ($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 the Netherlands (+62.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into Norway

In 2022, non-alloy steel u-section imports into Norway declined significantly to X tons, with a decrease of -24.7% compared with the year before. Over the period under review, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 98% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, non-alloy steel u-section imports reached $X in 2022. Overall, imports, however, recorded slight growth. The growth pace was the most rapid in 2019 with an increase of 95%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of non-alloy steel u-section to Norway, with a 77% share of total imports. Moreover, non-alloy steel u-section imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. Denmark (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.9% per year) and Denmark (-2.2% per year).

In value terms, Germany ($X) constituted the largest supplier of u-sections of non-alloy steel to Norway, comprising 76% of total imports. The second position in the ranking was taken by Poland ($X), with a 13% share of total imports. It was followed by Denmark, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.1% per year) and Denmark (+0.7% per year).

Import Prices by Country

The average non-alloy steel u-section import price stood at $X per ton in 2022, increasing by 33% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +95.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and Germany ($X per ton), while the price for Luxembourg ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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