Report Update Nov 1, 2024

Norway - Nickel Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Nickel Ore Market 2024

Nickel Ore Market Size in Norway

The Norwegian nickel ore market fell notably to $X in 2021, dropping by -91.1% against the previous year. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Nickel Ore Production in Norway

In value terms, nickel ore production contracted to $X in 2021 estimated in export price. Overall, production saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 10% against the previous year. Nickel ore production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Nickel Ore Exports

Exports from Norway

In 2021, approx. X tons of nickel ores and concentrates were exported from Norway; jumping by 59% compared with the previous year. In general, exports saw a tangible expansion. The pace of growth was the most pronounced in 2020 when exports increased by 115% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, nickel ore exports skyrocketed to $X in 2021. Over the period under review, exports posted a pronounced expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for nickel ore exports from Norway, accounting for a approx. 48% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Finland stood at -1.1%.

In value terms, Finland ($X) remains the key foreign market for nickel ores and concentrates exports from Norway, comprising 46% of total exports. The second position in the ranking was taken by Sweden ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Finland amounted to +2.2%.

Export Prices by Country

The average nickel ore export price stood at $X per ton in 2021, picking up by 155% against the previous year. Over the period under review, 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.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2021, the rate of growth in terms of prices for Finland amounted to +3.3% per year.

Nickel Ore Imports

Imports into Norway

Nickel ore imports into Norway dropped significantly to X tons in 2021, which is down by -56.1% on the previous year's figure. Over the period under review, imports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 765%. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, nickel ore imports contracted notably to $X in 2021. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 292%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of nickel ore to Norway, with a 67% share of total imports. Moreover, nickel ore imports from Australia exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +2.8%.

In value terms, Canada ($X) constituted the largest supplier of nickel ores and concentrates to Norway, comprising 84% of total imports. The second position in the ranking was held by Australia ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to -16.4%.

Import Prices by Country

In 2021, the average nickel ore import price amounted to $X per ton, shrinking by -57.7% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 81%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel ores and concentrates in the world?

The countries with the highest volumes of in 2021 were China, the Philippines and Indonesia, with a combined 98% share of global consumption.

What are the largest producers of nickel ores and concentrates in the world?

The country with the largest volume of nickel ore production was the Philippines, comprising approx. 65% of total volume. Moreover, nickel ore production in the Philippines exceeded the figures recorded by the second-largest producer, Indonesia, twofold.

What are the leading suppliers of nickel ores and concentrates to Norway?

In value terms, the largest nickel ore suppliers to Norway were Canada and Australia.

What are the leading importers of nickel ores and concentrates from Norway?

In value terms, Finland remains the key foreign market for nickel ore exports from Norway.

What is the average export price for nickel ores and concentrates in Norway?

In 2021, the average nickel ore export price amounted to $126 per ton, falling by -20% against the previous year.

What is the average import price for nickel ores and concentrates in Norway?

In 2021, the average nickel ore import price amounted to $22,173 per ton, which is down by -26.2% against the previous year.

This report provides an in-depth analysis of the nickel ore market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291200 - Nickel ores and concentrates

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023