Norway: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Norway

The Norwegian limestone flux and limestone market skyrocketed to $X in 2022, rising by 24% against the previous year. Over the period under review, consumption showed a slight increase. Limestone flux and limestone consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Limestone Flux, Limestone And Calcareous Stone in Norway

In value terms, limestone flux and limestone production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Norway

In 2022, limestone flux and limestone exports from Norway expanded to X tons, increasing by 2.1% on the year before. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 124%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, limestone flux and limestone exports skyrocketed to $X in 2022. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 92% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Finland (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of limestone flux and limestone exports from Norway, together accounting for 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +102.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Finland ($X) appeared to be the largest markets for limestone flux and limestone exported from Norway worldwide, together comprising 94% of total exports.

Among the main countries of destination, Germany, with a CAGR of +107.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average limestone flux and limestone export price stood at $X per ton in 2022, growing by 23% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached 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 Germany ($X per ton), while the average price for exports to Finland ($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 Germany (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Norway

In 2022, the amount of limestone flux, limestone and calcareous stone imported into Norway reduced notably to X tons, with a decrease of -97.5% against the year before. Overall, imports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 115% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, limestone flux and limestone imports declined sharply to $X in 2022. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 80%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of limestone flux and limestone to Norway, accounting for a 66% share of total imports. Moreover, limestone flux and limestone imports from Denmark exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark totaled -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.0% per year) and Finland (+77.4% per year).

In value terms, Denmark ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Norway, comprising 60% of total imports. The second position in the ranking was taken by India ($X), with a 21% share of total imports. It was followed by the United States, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.6% per year) and the United States (+0.9% per year).

Import Prices by Country

The average limestone flux and limestone import price stood at $X per ton in 2022, rising by 458% against the previous year. Overall, the import price continues to indicate a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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