Norway: Slate Market 2024

Slate Market Size in Norway

The Norwegian slate market contracted to $X in 2021, which is down by -11.4% against the previous year. Over the period under review, consumption, however, saw a prominent increase. As a result, consumption reached the peak level of $X, and then declined in the following year.

Slate Production in Norway

In value terms, slate production soared to $X in 2021 estimated in export price. In general, production, however, showed a modest expansion. The growth pace was the most rapid in 2020 with an increase of 36%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Slate Exports

Exports from Norway

In 2021, slate exports from Norway skyrocketed to X tons, growing by 62% compared with 2020. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 100% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, slate exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of 173% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for slate exports from Norway, accounting for a 46% share of total exports. Moreover, slate exports to Finland exceeded the volume sent to the second major destination, Denmark (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to Finland totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+28.5% per year) and Sweden (-5.4% per year).

In value terms, Denmark ($X), Finland ($X) and Sweden ($X) appeared to be the largest markets for slate exported from Norway worldwide, together accounting for 86% of total exports. Iceland, Switzerland, Estonia, Germany and the Netherlands lagged somewhat behind, together comprising a further 13%.

Iceland, with a CAGR of +60.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average slate export price amounted to $X per ton, growing by 1.8% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slate export price increased by +97.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 74% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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 Iceland ($X per ton), while the average price for exports to Switzerland ($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 Finland (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Slate Imports

Imports into Norway

In 2021, slate imports into Norway surged to X tons, increasing by 64% against the previous year's figure. Over the period under review, imports recorded noticeable growth. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, slate imports surged to $X in 2021. In general, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% 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 decreased by -42.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 76%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest slate supplier to Norway, accounting for a 73% share of total imports. Moreover, slate imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.2% per year) and India (+28.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of slate to Norway, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.4% per year) and India (+32.3% per year).

Import Prices by Country

In 2021, the average slate import price amounted to $X per ton, shrinking by -29.6% against the previous year. In general, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 80%. As a result, import price reached the peak level of $X per ton, and then plummeted in the following year.

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 India ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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