Norway: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Norway

The Norwegian silicon dioxide market surged to $X in 2021, jumping by 26% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.2% against 2019 indices. Silicon dioxide consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Silicon Dioxide Production in Norway

In value terms, silicon dioxide production reached $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Silicon Dioxide Exports

Exports from Norway

In 2021, silicon dioxide exports from Norway dropped modestly to X tons, with a decrease of -2.3% against 2020 figures. In general, exports showed a slight descent. The most prominent rate of growth was recorded in 2014 when exports increased by 19%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silicon dioxide exports surged to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 23% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for silicon dioxide exports from Norway, accounting for a 50% share of total exports. Moreover, silicon dioxide exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was held by Denmark (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+0.6% per year) and Denmark (+0.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for silicon dioxide exports from Norway, comprising 56% of total exports. The second position in the ranking was held by the UK ($X), with a 7.6% share of total exports. It was followed by Denmark, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.7% per year) and Denmark (+0.6% per year).

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, jumping by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Saudi Arabia ($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 (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Norway

In 2021, imports of silicon dioxide into Norway soared to X tons, growing by 45% against the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.0% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports skyrocketed to $X in 2021. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 98%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of silicon dioxide imports to Norway, together accounting for 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +48.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of silicon dioxide to Norway, comprising 65% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by China, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+42.2% per year) and China (+49.0% per year).

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, with a decrease of -3.2% against the previous year. Over the period under review, the import price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 91%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 United Arab Emirates (+63.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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