Report Update Nov 1, 2024

Norway - Ferro-Silicon - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Norway

In 2022, the Norwegian ferro-silicon market increased by 141% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw buoyant growth. Ferro-silicon consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ferro-Silicon Production in Norway

In value terms, ferro-silicon production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ferro-Silicon Exports

Exports from Norway

In 2022, the amount of ferro-silicon exported from Norway rose modestly to X tons, picking up by 2.3% on the previous year's figure. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-silicon exports skyrocketed to $X in 2022. Overall, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of ferro-silicon exports from Norway, with a combined 56% share of total exports. Finland, Taiwan (Chinese), Sweden, Spain and the UK lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +50.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for ferro-silicon exports from Norway, comprising 28% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.3% per year) and Belgium (-0.3% per year).

Export Prices by Country

In 2022, the average ferro-silicon export price amounted to $X per ton, rising by 73% against the previous year. Overall, the export price recorded buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the UK ($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 Spain (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silicon Imports

Imports into Norway

Ferro-silicon imports into Norway shrank sharply to X tons in 2022, waning by -61.3% on 2021 figures. In general, imports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 254%. As a result, imports attained the peak of X tons, and then declined notably in the following year.

In value terms, ferro-silicon imports contracted slightly to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 257%. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of ferro-silicon imports to Norway, with a combined 44% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +81.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the Netherlands ($X) constituted the largest ferro-silicon suppliers to Norway, with a combined 45% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +70.6%, saw the highest rates of growth with regard to 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 2022, the average ferro-silicon import price amounted to $X per ton, with an increase of 148% against the previous year. Overall, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ferro-silicon in the world?

China remains the largest ferro-silicon consuming country worldwide, accounting for 42% of total volume. Moreover, ferro-silicon consumption in China exceeded the figures recorded by the second-largest consumer, Russia, sixfold. The third position in this ranking was occupied by the United States, with a 6.9% share.

What are the largest producers of ferro-silicon in the world?

China remains the largest ferro-silicon producing country worldwide, comprising approx. 53% of total volume. Moreover, ferro-silicon production in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. The third position in this ranking was occupied by the United States, with a 4.5% share.

What are the leading suppliers of ferro-silicon to Norway?

In value terms, the largest ferro-silicon suppliers to Norway were Iceland, Russia and Germany, with a combined 94% share of total imports. The Netherlands lagged somewhat behind, comprising a further 4%.

What are the leading importers of ferro-silicon from Norway?

In value terms, the Netherlands remains the key foreign market for ferro-silicon exports from Norway, comprising 38% of total exports. The second position in the ranking was occupied by Belgium, with an 11% share of total exports. It was followed by Germany, with an 8.5% share.

What is the average export price for ferro-silicon in Norway?

The average ferro-silicon export price stood at $1,358 per ton in 2021, surging by 1.5% against the previous year.

What is the average import price for ferro-silicon in Norway?

In 2021, the average ferro-silicon import price amounted to $1,243 per ton, rising by 7.8% against the previous year.

This report provides an in-depth analysis of the ferro-silicon market 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 24101230 - Ferro-silicon
Prodcom 24101235 -
Prodcom 24101236 -
Prodcom 24101239 -

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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Discover vital success factors affecting the market

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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