Norway: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Norway

The Norwegian ferro-cerium and pyrophoric alloys market soared to $X in 2021, with an increase of 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Norway

Ferro-cerium and pyrophoric alloys exports from Norway dropped notably to X tons in 2021, falling by -30.6% compared with the previous year. Over the period under review, exports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of 440% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports reduced to $X in 2021. Overall, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 642% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Norway, accounting for a 92% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Sweden exceeded the volume sent to the second major destination, Iceland (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +12.4%.

In value terms, Sweden ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Norway, comprising 88% of total exports. The second position in the ranking was taken by Iceland ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +14.3%.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2013 an increase of 507% 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.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Norway

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys was finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a mild downturn. The growth pace was the most rapid in 2016 when imports increased by 34% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.5% against 2018 indices. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Norway, together accounting for 89% of total imports. China, Serbia, the UK and Sweden lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +50.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) were the largest ferro-cerium and pyrophoric alloys suppliers to Norway, with a combined 82% share of total imports. These countries were followed by China, Serbia, Sweden and the UK, which together accounted for a further 16%.

In terms of the main suppliers, Serbia, with a CAGR of +49.3%, recorded 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

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, increasing by 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2017 an increase of 29% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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