Aluminium Wire Price in Norway - 2023

Aluminium Wire Price in Norway (FOB) - 2023

The average aluminium wire export price stood at $3,069 per ton in September 2023, remaining relatively unchanged against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in January 2023 an increase of 26% month-to-month. The export price peaked at $3,591 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($3,290 per ton), while the average price for exports to Finland ($2,169 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Price in Norway (CIF) - 2022

The average aluminium wire import price stood at $4,117 per ton in 2022, reducing by -9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2021 an increase of 25%. As a result, import price attained the peak level of $4,533 per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5,507 per ton), while the price for Poland ($2,187 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Exports in Norway

In 2022, aluminium wire exports from Norway contracted to 61K tons, declining by -13.3% against the year before. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 70K tons, and then dropped in the following year.

In value terms, aluminium wire exports dropped sharply to $163M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 49%. As a result, the exports attained the peak of $195M, and then contracted notably in the following year.

Export of Aluminium Wire in Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	49.5	36.1	63.9	53.5	2.6%
Germany	28.3	27.2	30.7	25.7	-3.2%
Finland	16.2	16.8	25.8	21.5	9.9%
United Kingdom	13.3	15.7	18.8	15.7	5.7%
Denmark	9.4	11.1	17.1	14.3	15.0%
Netherlands	7.5	11.1	15.6	13.1	20.4%
Estonia	5.9	4.4	8.5	7.1	6.4%
Austria	4.3	3.7	3.3	3.2	-9.4%
Others	6.1	5.3	11.8	9.4	15.5%
Total	141	131	195	163	5.0%

Top Export Markets for Aluminium Wire from Norway in 2022:

Sweden (17.7K tons)
Germany (10.5K tons)
Finland (9.1K tons)
United Kingdom (5.7K tons)
Denmark (5.2K tons)
Netherlands (4.7K tons)
Estonia (2.8K tons)
Austria (1.4K tons)

Aluminium Wire Imports in Norway

In 2022, aluminium wire imports into Norway reduced to 1.7K tons, falling by -5.5% on the previous year. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, imports reached the peak of 1.8K tons, and then shrank in the following year.

In value terms, aluminium wire imports fell to $7.2M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $8.4M, and then reduced in the following year.

Import of Aluminium Wire in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	2,769	2,135	2,973	2,427	-4.3%
Italy	239	311	1,030	841	52.1%
United Kingdom	493	352	1,010	825	18.7%
Spain	1,313	767	747	758	-16.7%
France	758	486	689	563	-9.4%
China	59.0	183	518	423	92.8%
Sweden	161	741	161	285	21.0%
Poland	12.1	11.2	271	221	163.4%
Czech Republic	185	301	152	171	-2.6%
Germany	308	176	112	160	-19.6%
Others	401	518	689	494	7.2%
Total	6,697	5,980	8,352	7,166	2.3%