Norway: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Norway

The Norwegian unwrought aluminium alloys market rose markedly to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2009 when the market value increased by X% against the previous year. Unwrought aluminium alloys consumption peaked in 2020 and is expected to retain growth in the immediate term.

Unwrought Aluminium Alloys Production in Norway

In value terms, unwrought aluminium alloys production declined to $X in 2020 estimated in export prices. Overall, production showed a perceptible decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Unwrought Aluminium Alloys Exports

Exports from Norway

In 2020, shipments abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the second consecutive year after three years of growth. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, unwrought aluminium alloys exports shrank dramatically to $X in 2020. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Spain (X tons) were the main destinations of unwrought aluminium alloys exports from Norway, with a combined X% share of total exports. These countries were followed by Poland, Austria, Sweden, France, Italy, Denmark, Portugal, the Czech Republic and Finland, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland, while exports for the other leaders experienced a decline.

In value terms, the largest markets for unwrought aluminium alloys exported from Norway were the Netherlands ($X), Germany ($X) and Poland ($X), with a combined X% share of total exports.

Poland recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2020, the highest prices were recorded for prices to Denmark ($X per ton) and Sweden ($X per ton), while the average price for exports to Spain ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced mixed trend patterns.

Unwrought Aluminium Alloys Imports

Imports into Norway

In 2020, the amount of unwrought aluminium alloys imported into Norway surged to X tons, rising by X% against the previous year's figure. Overall, imports, however, faced a abrupt decrease. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, unwrought aluminium alloys imports surged to $X in 2020. In general, imports, however, faced a abrupt shrinkage. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Bahrain (X tons) and the Netherlands (X tons) were the main suppliers of unwrought aluminium alloys imports to Norway, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Bahrain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought aluminium alloys suppliers to Norway were Sweden ($X), Bahrain ($X) and the Netherlands ($X), together comprising X% of total imports. These countries were followed by China, Estonia, Spain and the UK, which together accounted for a further 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

In 2020, the average unwrought aluminium alloys import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Estonia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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