Norway: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Norway

In 2022, the Norwegian aluminium alloy wire market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a measured increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Wire Production in Norway

In value terms, aluminium alloy wire production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Aluminium alloy wire production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Aluminium Alloy Wire Exports

Exports from Norway

In 2022, shipments abroad of aluminium alloy wire decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aluminium alloy wire exports soared to $X in 2022. Over the period under review, exports showed a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for aluminium alloy wire exports from Norway, accounting for a X% share of total exports. It was followed by the UK (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Sweden (X% per year).

In value terms, Finland ($X) remains the key foreign market for aluminium alloy wire exports from Norway, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average aluminium alloy wire export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports into Norway

In 2022, aluminium alloy wire imports into Norway skyrocketed to X tons, growing by X% compared with the previous year. Overall, imports, however, showed a abrupt descent. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy wire imports surged to $X in 2022. In general, imports, however, recorded a pronounced decline. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), the UK (X tons) and China (X tons) were the main suppliers of aluminium alloy wire imports to Norway, together comprising X% of total imports. Spain, Canada, France and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy wire suppliers to Norway were the Netherlands ($X), the UK ($X) and China ($X), together accounting for X% of total imports. Spain, France, Canada and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, 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

In 2022, the average aluminium alloy wire import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy wire import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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