Norway: Graphite Market 2024

Graphite Market Size in Norway

The Norwegian graphite market soared to $X in 2021, jumping by 49% against the previous year. In general, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Graphite Production in Norway

In value terms, graphite production declined modestly to $X in 2021 estimated in export price. Overall, production, however, recorded prominent growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 114%. Graphite production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Graphite Exports

Exports from Norway

In 2021, overseas shipments of graphite (natural) decreased by -27% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 147% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, graphite exports shrank to $X in 2021. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by 115% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for graphite exports from Norway, with a 59% share of total exports. Moreover, graphite exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.0% per year) and Poland (+49.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for graphite exports from Norway, comprising 51% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by China, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.9% per year) and China (+124.6% per year).

Export Prices by Country

In 2021, the average graphite export price amounted to $X per ton, with an increase of 24% against the previous year. In general, the export price, however, saw a noticeable contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($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 Germany (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Graphite Imports

Imports into Norway

In 2021, approx. X tons of graphite (natural) were imported into Norway; jumping by 509% on the year before. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 2,283% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, graphite imports soared to $X in 2021. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,282%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) was the main graphite supplier to Norway, accounting for a 99% share of total imports. It was followed by Germany (X tons), with a 0.6% share of total imports. The third position in this ranking was held by China (X tons), with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +609.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-21.6% per year) and China (-40.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of graphite to Norway, comprising 98% of total imports. The second position in the ranking was held by Germany ($X), with a 0.6% share of total imports. It was followed by the UK, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +471.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.9% per year) and the UK (-15.5% per year).

Import Prices by Country

The average graphite import price stood at $X per ton in 2021, dropping by -47.2% against the previous year. In general, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 364% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+40.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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