Norway: Steatite Market 2021

Steatite Market Size in Norway

The Norwegian steatite market contracted slightly to $X in 2019, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Steatite consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Steatite Exports

Exports from Norway

In 2019, approx. X tons of steatites were exported from Norway; declining by -X% against the previous year's figure. In general, exports showed a perceptible setback. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. From 2012 to 2019, the growth exports failed to regain the momentum.

In value terms, steatite exports contracted to $X in 2019. Over the period under review, exports saw strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

France (X tons), the UK (X tons) and the U.S. (X tons) were the main destinations of steatite exports from Norway, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S., while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steatite exported from Norway were Germany ($X), the U.S. ($X) and Austria ($X), with a combined X% share of total exports.

The U.S. (+X% per year) recorded the highest rates of growth with regard to 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

The average steatite export price stood at $X per ton in 2019, approximately mirroring the previous year. In general, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by X% year-to-year. The export price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into Norway

After two years of growth, supplies from abroad of steatites decreased by -X% to X tons in 2019. Overall, total imports indicated a modest increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X tons in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, steatite imports reduced slightly to $X in 2019. Over the period under review, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Finland (X tons) constituted the largest steatite supplier to Norway, with a X% share of total imports. Moreover, steatite imports from Finland exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Finland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Sweden (-X% per year).

In value terms, Finland ($X) constituted the largest supplier of steatite to Norway, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Finland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Sweden (-X% per year).

Import Prices by Country

In 2019, the average steatite import price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2009 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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