Report Update Nov 1, 2024

Norway - Bismuth - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Bismuth Market 2022

Bismuth Market Size in Norway

In 2021, the Norwegian bismuth market increased by 141% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bismuth Exports

Exports from Norway

In 2021, overseas shipments of bismuth decreased by -11.6% to X kg for the first time since 2017, thus ending a three-year rising trend. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 76% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bismuth exports declined to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 24%. Over the period under review, the exports reached the peak figure at $X in 2020, and then reduced in the following year.

Exports by Country

Iceland (X kg) was the main destination for bismuth exports from Norway, accounting for a 75% share of total exports. Moreover, bismuth exports to Iceland exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iceland was relatively modest.

In value terms, the largest markets for bismuth exported from Norway were Iceland ($X) and Germany ($X).

Iceland, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average bismuth export price amounted to $X per ton, picking up by 2.2% against the previous year. In general, the export price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2015 an increase of 55%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Iceland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.9%).

Bismuth Imports

Imports into Norway

For the third consecutive year, Norway recorded growth in supplies from abroad of bismuth, which increased by 155% to X tons in 2021. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bismuth imports surged to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +117.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bismuth to Norway, with a 71% share of total imports. Moreover, bismuth imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +129.8%.

In value terms, China ($X) constituted the largest supplier of bismuth to Norway, comprising 71% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +103.0%.

Import Prices by Country

The average bismuth import price stood at $X per ton in 2021, waning by -37.2% against the previous year. Over the period under review, the import price showed a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 25% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Hong Kong SAR stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bismuth in the world?

China remains the largest bismuth consuming country worldwide, comprising approx. 49% of total volume. Moreover, bismuth consumption in China exceeded the figures recorded by the second-largest consumer, Vietnam, sixfold. Hong Kong SAR ranked third in terms of total consumption with a 7.8% share.

What are the largest producers of bismuth in the world?

China remains the largest bismuth producing country worldwide, accounting for 75% of total volume. Moreover, bismuth production in China exceeded the figures recorded by the second-largest producer, Vietnam, eightfold. The third position in this ranking was occupied by Lao People's Democratic Republic, with a 4.7% share.

What are the leading suppliers of bismuth to Norway?

In value terms, Belgium constituted the largest supplier of bismuth to Norway, comprising 76% of total imports. The second position in the ranking was occupied by Finland, with a 4.2% share of total imports. It was followed by the UK, with a 3.7% share.

What are the leading importers of bismuth from Norway?

In value terms, Iceland and Germany appeared to be the largest markets for bismuth exported from Norway worldwide.

What is the average export price for bismuth in Norway?

In 2021, the average bismuth export price amounted to $22,448 per ton, with an increase of 15% against the previous year.

What is the average import price for bismuth in Norway?

The average bismuth import price stood at $19,238 per ton in 2021, growing by 41% against the previous year.

This report provides an in-depth analysis of the bismuth 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023