Norway: Gold Ore Market 2020

Gold Ore Market Size in Norway

The revenue of the gold ore market in Norway amounted to $X in 2017, surging by X% against the previous year. In general, gold ore consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. Over the period under review, the gold ore market attained its maximum level of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Gold Ore Production in Norway

In 2017, approx. X tons of gold ores and concentrates were produced in Norway; remaining relatively unchanged against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2012, when it surged by X% against the previous year. Over the period under review, the gold ore production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Gold Ore Exports from Norway

In 2017, approx. X tons of gold ores and concentrates were exported from Norway; going down by -X% against the previous year. In general, gold ore exports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2010, when exports increased by X% y-o-y. In that year, the gold ore exports attained their peak volume of X tons. From 2011 to 2017, growth of the gold ore exports stood at a somewhat lower level.

In value terms, gold ore exports amounted to $X in 2017. Overall, gold ore exports continue to indicate a drastic decrease. In that year, the gold ore exports reached their peak level of $X. From 2012 to 2017, growth of the gold ore exports stood at a somewhat lower level.

Gold Ore Exports by Country from Norway

Australia represented the main exporter of gold ores and concentrates in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2017. Russia (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Turkey (X%) and Tanzania (X%). Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from Norway, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

In Australia, gold ore exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Norway

In 2017, the gold ore export price in Norway amounted to $X per kg, coming down by -X% against the previous year. Overall, gold ore export price continues to indicate an abrupt setback. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. In that year, the export prices for gold ores and concentrates attained their peak level of $X per kg. From 2012 to 2017, growth of the export prices for gold ores and concentrates stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Gold Ore Imports into Norway

In 2017, gold ore imports into Norway amounted to X kg, lowering by -X% against the previous year. Overall, gold ore imports continue to indicate a drastic reduction. The growth pace was the most rapid in 2017, when imports increased by -X% year-to-year. Over the period under review, the gold ore imports attained its maximum volume of X kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, gold ore imports stood at $X in 2017. Overall, gold ore imports continue to indicate a deep decrease. Norway imports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Gold Ore Imports by Country into Norway

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) were the main importers of gold ores and concentrates, together achieving X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) occupied the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into Norway, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Norway

In 2017, the gold ore import price in Norway amounted to $X per kg, shrinking by -X% against the previous year. Overall, gold ore import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for gold ores and concentrates reached its maximum level of $X per kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform