Report Update Nov 1, 2024

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

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Norway: Carbides Market 2024

Carbides Market Size in Norway

The Norwegian carbides market surged to $X in 2022, with an increase of 267% against the previous year. Overall, consumption posted a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Carbides Production in Norway

In value terms, carbides production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 372% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Carbides Exports

Exports from Norway

In 2022, carbides exports from Norway expanded to X tons, with an increase of 4% compared with 2021 figures. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 1,909% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, carbides exports soared to $X in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 4,047% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for carbides exports from Norway, accounting for a 89% share of total exports. Moreover, carbides exports to the United States exceeded the volume sent to the second major destination, Spain (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +92.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+68.5% per year) and South Korea (-91.4% per year).

In value terms, the United States ($X) remains the key foreign market for carbides exports from Norway, comprising 95% of total exports. The second position in the ranking was taken by South Korea ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +77.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-78.6% per year) and Spain (-82.9% per year).

Export Prices by Country

In 2022, the average carbides export price amounted to $X per ton, with an increase of 62% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2019 an increase of 546%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 South Korea (+149.0%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Norway

In 2022, purchases abroad of carbides increased by 23% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, carbides imports soared to $X in 2022. Over the period under review, imports recorded a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Brazil (X tons) and Russia (X tons) were the main suppliers of carbides imports to Norway, together accounting for 80% of total imports. Romania, China, Sweden and Germany lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +45.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carbides suppliers to Norway were the United States ($X), Brazil ($X) and Romania ($X), with a combined 75% share of total imports.

Among the main suppliers, Romania, with a CAGR of +51.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carbides import price stood at $X per ton in 2022, growing by 45% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carbides in the world?

China remains the largest carbides consuming country worldwide, accounting for 32% of total volume. Moreover, carbides consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of carbides in the world?

China constituted the country with the largest volume of carbides production, comprising approx. 39% of total volume. Moreover, carbides production in China exceeded the figures recorded by the second-largest producer, India, threefold. Russia ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of carbides to Norway?

In value terms, the largest carbides suppliers to Norway were the United States, Brazil and Romania, together accounting for 68% of total imports.

What are the leading importers of carbides from Norway?

In value terms, the largest markets for carbides exported from Norway were Sweden, the United States and Poland, with a combined 71% share of total exports.

What is the average export price for carbides in Norway?

The average carbides export price stood at $3,443 per ton in 2021, rising by 11% against the previous year.

What is the average import price for carbides in Norway?

In 2021, the average carbides import price amounted to $1,423 per ton, growing by 12% against the previous year.

This report provides an in-depth analysis of the carbides 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:

Prodcom 20136450 - Carbides whether or not chemically defined

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