Norway: Cement Clinker Market 2024

Cement Clinker Market Size in Norway

In 2022, after two years of growth, there was decline in the Norwegian cement clinker market, when its value decreased by -1.8% to $X. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 8.4% against the previous year. Over the period under review, the market attained the peak level at $X in 2021, and then fell modestly in the following year.

Cement Clinker Production in Norway

In value terms, cement clinker production fell modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 12%. Cement clinker production peaked at $X in 2021, and then reduced slightly in the following year.

Cement Clinker Exports

Exports from Norway

In 2022, overseas shipments of cement clinker decreased by -31.1% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 92% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement clinker exports shrank to $X in 2022. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 55%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for cement clinker exports from Norway, with a 32% share of total exports. It was followed by Denmark (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +181.6%.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +128.7%.

Export Prices by Country

In 2022, the average cement clinker export price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, the export price recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 139%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+51.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Clinker Imports

Imports into Norway

In 2022, purchases abroad of cement clinker increased by 33% to X tons, rising for the second year in a row after three years of decline. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by 2,388% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cement clinker imports soared to $X in 2022. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 3,921%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of cement clinker to Norway, accounting for a 57% share of total imports. Moreover, cement clinker imports from Sweden exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +62.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+29.8% per year) and the Netherlands (+5.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of cement clinker to Norway, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +59.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.8% per year) and Italy (+48.2% per year).

Import Prices by Country

The average cement clinker import price stood at $X per ton in 2022, growing by 12% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 379%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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