Norway: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Norway

The Norwegian ferro-silico-manganese market fell to $X in 2022, reducing by -7% against the previous year. Overall, consumption enjoyed a tangible expansion. Ferro-silico-manganese consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Ferro-Silico-Manganese Production in Norway

In value terms, ferro-silico-manganese production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of 9.4%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Ferro-Silico-Manganese Exports

Exports from Norway

In 2022, overseas shipments of ferro-silico-manganese increased by 18% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a mild increase. The growth pace was the most rapid in 2016 with an increase of 26% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-silico-manganese exports soared to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 30%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), France (X tons) and Spain (X tons) were the main destinations of ferro-silico-manganese exports from Norway, with a combined 25% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +16.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-silico-manganese exported from Norway were Turkey ($X), the United States ($X) and France ($X), together comprising 30% of total exports.

Turkey, with a CAGR of +17.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ferro-silico-manganese export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 53%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 the Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silico-Manganese Imports

Imports into Norway

Ferro-silico-manganese imports into Norway skyrocketed to X tons in 2022, rising by 22% compared with the previous year's figure. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 890%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ferro-silico-manganese imports surged to $X in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2013 with an increase of 512%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of ferro-silico-manganese to Norway, with a 72% share of total imports. Moreover, ferro-silico-manganese imports from Ukraine exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Ukraine totaled +65.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+87.4% per year) and Switzerland (0.0% per year).

In value terms, Ukraine ($X) constituted the largest supplier of ferro-silico-manganese to Norway, comprising 70% of total imports. The second position in the ranking was taken by Sweden ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Ukraine amounted to +77.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+29.2% per year) and Switzerland (0.0% per year).

Import Prices by Country

The average ferro-silico-manganese import price stood at $X per ton in 2022, picking up by 26% against the previous year. In general, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 an increase of 38% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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