Norway: Expanded Clays Market 2024

Expanded Clays Market Size in Norway

In 2021, the Norwegian expanded clays market increased by 5.7% to $X, rising for the second consecutive year after six years of decline. Over the period under review, consumption, however, continues to indicate a mild decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Expanded Clays Production in Norway

In value terms, expanded clays production rose modestly to $X in 2021 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.2% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 121% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Expanded Clays Exports

Exports from Norway

In 2021, approx. X tons of exfoliated vermiculite, expanded clays and foamed slag were exported from Norway; surging by 16% on 2020 figures. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 159%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, expanded clays exports surged to $X in 2021. Over the period under review, exports saw a prominent increase. The growth pace was the most rapid in 2018 when exports increased by 88% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for expanded clays exports from Norway, accounting for a 77% share of total exports. Moreover, expanded clays exports to Sweden exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was held by Algeria (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +121.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.3% per year) and Algeria (+29.1% per year).

In value terms, Sweden ($X) remains the key foreign market for exfoliated vermiculite, expanded clays and foamed slag exports from Norway, comprising 53% of total exports. The second position in the ranking was taken by Algeria ($X), with an 11% share of total exports. It was followed by France, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +99.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+11.9% per year) and France (+5.7% per year).

Export Prices by Country

The average expanded clays export price stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The growth pace was the most rapid in 2013 when the average export price increased by 81% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($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 France (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Clays Imports

Imports into Norway

For the third year in a row, Norway recorded growth in purchases abroad of exfoliated vermiculite, expanded clays and foamed slag, which increased by 55% to X tons in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, expanded clays imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of expanded clays to Norway, with a 85% share of total imports. Moreover, expanded clays imports from Denmark exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.7% per year) and Sweden (-25.7% per year).

In value terms, the largest expanded clays suppliers to Norway were Denmark ($X), the UK ($X) and the United States ($X), together accounting for 73% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +22.3%, saw the highest growth rate of 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

In 2021, the average expanded clays import price amounted to $X per ton, declining by -23% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 71% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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