Norway - Aluminium and Titanium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAluminium and Titanium Price in Norway - 2023
Contents:
- Aluminium and Titanium Price in Norway (FOB) - 2022
- Aluminium and Titanium Price in Norway (CIF) - 2022
- Aluminium and Titanium Exports in Norway
- Aluminium and Titanium Imports in Norway
Aluminium and Titanium Price in Norway (FOB) - 2022
In 2022, the average aluminium and titanium export price amounted to $3,616 per ton, surging by 28% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium and titanium export price increased by +84.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 44%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Finland ($4,005 per ton) and Portugal ($3,951 per ton), while the average price for exports to Sweden ($3,378 per ton) and Germany ($3,501 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium and Titanium Price in Norway (CIF) - 2022
In 2022, the average aluminium and titanium import price amounted to $3,382 per ton, increasing by 25% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium and titanium import price increased by +75.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 Canada ($12,013 per ton), while the price for Oman ($2,754 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium and Titanium Exports in Norway
In 2022, the amount of aluminium and titanium exported from Norway shrank modestly to 1.4M tons, reducing by -4.3% on the previous year. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. As a result, the exports reached the peak of 1.5M tons, and then shrank modestly in the following year.
In value terms, aluminium and titanium exports surged to $5.1B in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 65%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Aluminium and Titanium in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 623 | 475 | 803 | 1,042 | 18.7% |
| Netherlands | 590 | 644 | 807 | 951 | 17.2% |
| Spain | 288 | 239 | 479 | 524 | 22.1% |
| Poland | 238 | 246 | 422 | 512 | 29.1% |
| Austria | 166 | 155 | 265 | 347 | 27.9% |
| Italy | 126 | 97.3 | 210 | 301 | 33.7% |
| France | 169 | 110 | 192 | 253 | 14.4% |
| Sweden | 141 | 116 | 221 | 231 | 17.9% |
| Others | 464 | 421 | 724 | 894 | 24.4% |
| Total | 2,804 | 2,504 | 4,123 | 5,054 | 21.7% |
Top Export Markets for Aluminium and Titanium from Norway in 2022:
- Germany (297.5K tons)
- Netherlands (268.3K tons)
- Spain (143.7K tons)
- Poland (136.7K tons)
- Austria (96.3K tons)
- Italy (77.9K tons)
- Sweden (68.3K tons)
- France (67.6K tons)
Aluminium and Titanium Imports in Norway
In 2022, the amount of aluminium and titanium imported into Norway plummeted to 218K tons, which is down by -18.2% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of 266K tons, and then fell significantly in the following year.
In value terms, aluminium and titanium imports stood at $737M in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 120%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Aluminium and Titanium in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 352 | 235 | 573 | 424 | 6.4% |
| United Arab Emirates | N/A | N/A | N/A | 83.2 | 0% |
| South Africa | 12.8 | 10.0 | 27.8 | 34.9 | 39.7% |
| Bahrain | 3.6 | 20.8 | 32.0 | 29.8 | 102.3% |
| Kazakhstan | N/A | N/A | N/A | 22.6 | 0% |
| Sweden | 0.9 | 9.3 | 6.0 | 19.6 | 179.3% |
| Singapore | 8.0 | 2.0 | 5.1 | 17.9 | 30.8% |
| Netherlands | 5.9 | 4.3 | 15.3 | 14.2 | 34.0% |
| Oman | N/A | 2.1 | 4.4 | 13.7 | 155.4% |
| Others | 43.6 | 44.2 | 57.3 | 76.7 | 20.7% |
| Total | 427 | 328 | 721 | 737 | 20.0% |
Top Suppliers of Aluminium and Titanium to Norway in 2022:
- Russia (130.7K tons)
- United Arab Emirates (25.4K tons)
- South Africa (10.7K tons)
- Bahrain (8.0K tons)
- Kazakhstan (7.7K tons)
- Sweden (6.8K tons)
- Oman (5.0K tons)
- Singapore (4.9K tons)
- Netherlands (4.4K tons)
This report provides an in-depth analysis of the aluminium and titanium market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the aluminium and titanium market in Norway.
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This report provides an in-depth analysis of the aluminium and titanium market in Norway.
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