Norway: Lithium Oxide Market 2025

Lithium Oxide Market Size in Norway

The Norwegian lithium oxide market totaled $X in 2021, increasing by 2.9% against the previous year. Overall, consumption posted prominent growth. Lithium oxide consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Lithium Oxide Production in Norway

In value terms, lithium oxide production expanded to $X in 2021 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.8% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Lithium Oxide Exports

Exports from Norway

After two years of growth, shipments abroad of lithium oxides decreased by -77% to X kg in 2021. In general, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2017 with an increase of 10,055%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, lithium oxide exports reduced sharply to $X in 2021. Overall, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 16,726% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for lithium oxide exports from Norway, accounting for a 91% share of total exports. Moreover, lithium oxide exports to the United States exceeded the volume sent to the second major destination, Canada (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -42.5%.

In value terms, the United States ($X) remains the key foreign market for lithium oxides exports from Norway, comprising 81% of total exports. The second position in the ranking was taken by Canada ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -37.7%.

Export Prices by Country

In 2021, the average lithium oxide export price amounted to $X per ton, increasing by 6.9% against the previous year. Over the period under review, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 66%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+10.6%).

Lithium Oxide Imports

Imports into Norway

In 2021, overseas purchases of lithium oxides decreased by -96.5% to X kg for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 1,800% against the previous year. Over the period under review, imports attained the maximum at X kg in 2020, and then shrank remarkably in the following year.

In value terms, lithium oxide imports declined dramatically to $X in 2021. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 2,125% against the previous year. Imports peaked at $X in 2020, and then dropped markedly in the following year.

Imports by Country

In 2021, the UK (X kg) constituted the largest lithium oxide supplier to Norway, with a 71% share of total imports. Moreover, lithium oxide imports from the UK exceeded the figures recorded by the second-largest supplier, Sweden (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +10.7%.

In value terms, the UK ($X) constituted the largest supplier of lithium oxides to Norway, comprising 80% of total imports. The second position in the ranking was held by Sweden ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-20.9% per year) and China (-39.3% per year).

Import Prices by Country

In 2021, the average lithium oxide import price amounted to $X per ton, reducing by -6.5% against the previous year. In general, the import price, however, saw mild growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 64% against the previous year. The import price peaked at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :