Report Update Nov 1, 2024

Norway - Copper Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Norway

In 2021, the Norwegian copper ores and concentrates market decreased by -1.1% to $X, falling for the fourth year in a row after two years of growth. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Copper ores and concentrates consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Copper Ores And Concentrates in Norway

In value terms, copper ores and concentrates production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 1.3% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Ores And Concentrates

Exports from Norway

For the ninth consecutive year, Norway recorded decline in overseas shipments of copper ores and concentrates, which decreased by -20% to X tons in 2021. In general, exports continue to indicate a precipitous slump. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, copper ores and concentrates exports contracted notably to $X in 2021. Overall, exports recorded a sharp decrease. The smallest decline of -20% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Sweden (X tons) and Finland (X kg) were the main destinations of copper ores and concentrates exports from Norway, together comprising 100% of total exports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Australia ($X) remains the key foreign market for copper ores and concentrates exports from Norway, comprising 100% of total exports. The second position in the ranking was taken by Finland ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Australia totaled -46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-57.7% per year) and Sweden (0.0% per year).

Export Prices by Country

The average copper ores and concentrates export price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by less than 0.1%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+7.3%).

Imports of Copper Ores And Concentrates

Imports into Norway

In 2021, supplies from abroad of copper ores and concentrates decreased by -15.7% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports, however, posted strong growth. The growth pace was the most rapid in 2017 with an increase of 752% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, copper ores and concentrates imports reduced to $X in 2021. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 819%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) was the main supplier of copper ores and concentrates to Norway, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +16.3%.

In value terms, the UK ($X) constituted the largest supplier of copper ores and concentrates to Norway.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +27.0%.

Import Prices by Country

The average copper ores and concentrates import price stood at $X per ton in 2021, picking up by 2.1% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper ores and concentrates import price increased by +109.9% against 2012 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +9.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper ores and concentrates in the world?

Kazakhstan constituted the country with the largest volume of copper ores and concentrates consumption, comprising approx. 54% of total volume. Moreover, copper ores and concentrates consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Chile, with a 5% share.

What are the largest producers of copper ores and concentrates in the world?

Kazakhstan remains the largest copper ores and concentrates producing country worldwide, accounting for 61% of total volume. Moreover, copper ores and concentrates production in Kazakhstan exceeded the figures recorded by the second-largest producer, Chile, eightfold. Peru ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of copper ores and concentrates to Norway?

In value terms, the UK constituted the largest supplier of copper ores and concentrates to Norway.

What are the leading importers of copper ores and concentrates from Norway?

In value terms, Australia remains the key foreign market for copper ores and concentrates exports from Norway, comprising 100% of total exports. The second position in the ranking was occupied by Sweden $4), with a 0% share of total exports.

What is the average export price for copper ores and concentrates in Norway?

The average copper ores and concentrates export price stood at $691 per ton in 2021, rising by 2.8% against the previous year.

What is the average import price for copper ores and concentrates in Norway?

The average copper ores and concentrates import price stood at $6,115 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the market for copper ores and concentrates 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 07291100 - Copper ores and concentrates

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
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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
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How to increase your profit margins
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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