Norway: Silicates Market 2024

Silicates Market Size in Norway

The Norwegian silicates market reduced to $X in 2021, dropping by -14% against the previous year. Over the period under review, consumption saw a pronounced downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silicates Production in Norway

In value terms, silicates production declined sharply to $X in 2021 estimated in export price. Overall, production recorded a perceptible decline. The pace of growth appeared the most rapid in 2015 when the production volume increased by 1,567%. Over the period under review, production hit record highs at $X in 2020, and then contracted significantly in the following year.

Silicates Exports

Exports from Norway

In 2021, shipments abroad of silicates, commercial alkali metal silicates increased by 21% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, exports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2019 with an increase of 116% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, silicates exports skyrocketed to $X in 2021. In general, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 55%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for silicates exports from Norway, accounting for a 92% share of total exports. Moreover, silicates exports to Sweden exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+13.6% per year) and Denmark (+2.9% per year).

In value terms, Sweden ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Norway, comprising 74% of total exports. The second position in the ranking was held by Denmark ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+20.0% per year) and Russia (+3.8% per year).

Export Prices by Country

The average silicates export price stood at $X per ton in 2021, rising by 1.9% against the previous year. In general, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 45% against the previous year. The export price peaked 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden ($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 Denmark (+16.6%), while the prices for the other major destinations experienced a decline.

Silicates Imports

Imports into Norway

For the fourth year in a row, Norway recorded decline in overseas purchases of silicates, commercial alkali metal silicates, which decreased by -3% to X tons in 2021. In general, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of 96% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, silicates imports totaled $X in 2021. Over the period under review, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of silicates to Norway, accounting for a 79% share of total imports. Moreover, silicates imports from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-7.1% per year) and the Netherlands (-8.2% per year).

In value terms, Sweden ($X) constituted the largest supplier of silicates, commercial alkali metal silicates to Norway, comprising 67% of total imports. The second position in the ranking was taken by Poland ($X), with a 9.8% share of total imports. It was followed by the Netherlands, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-7.5% per year) and the Netherlands (-9.5% per year).

Import Prices by Country

The average silicates import price stood at $X per ton in 2021, picking up by 7% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2019 an increase of 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Poland ($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 (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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