Norway: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Norway

In 2021, the Norwegian gypsum, anhydrite and limestone market decreased by -7.6% to $X, falling for the seventh consecutive year after three years of growth. Overall, consumption saw a abrupt curtailment. Gypsum, anhydrite and limestone consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Gypsum, Anhydrite And Limestone in Norway

In value terms, gypsum, anhydrite and limestone production rose modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 39% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Gypsum, Anhydrite And Limestone

Exports from Norway

Gypsum, anhydrite and limestone exports from Norway skyrocketed to X tons in 2021, jumping by 41% on the year before. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.3% against 2019 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 82%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, gypsum, anhydrite and limestone exports surged to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.1% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for gypsum, anhydrite and limestone exports from Norway, with a 45% share of total exports. Moreover, gypsum, anhydrite and limestone exports to Finland exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+19.2% per year) and Germany (+116.4% per year).

In value terms, Finland ($X), Germany ($X) and Sweden ($X) appeared to be the largest markets for gypsum, anhydrite and limestone exported from Norway worldwide, together accounting for 76% of total exports.

Germany, with a CAGR of +110.3%, recorded the highest rates of growth with regard to 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

The average gypsum, anhydrite and limestone export price stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 20%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 the Netherlands (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gypsum, Anhydrite And Limestone

Imports into Norway

In 2021, approx. X tons of gypsum, anhydrite and limestone were imported into Norway; picking up by 5.5% against 2020 figures. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% 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 +111.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 91%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, gypsum, anhydrite and limestone imports fell to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 72%. Over the period under review, imports hit record highs at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest gypsum, anhydrite and limestone supplier to Norway, with a 77% share of total imports. Moreover, gypsum, anhydrite and limestone imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+1.8% per year) and Germany (-6.6% per year).

In value terms, the largest gypsum, anhydrite and limestone suppliers to Norway were Spain ($X), Germany ($X) and Sweden ($X), together comprising 86% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +7.5%, saw 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

In 2021, the average gypsum, anhydrite and limestone import price amounted to $X per ton, which is down by -14.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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