Scandinavia: Market for Antimony Ores and Concentrates 2024

Market Size for Antimony Ores and Concentrates in Scandinavia

In 2021, the Scandinavia antimony ore and concentrate market increased by 43% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption, however, continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Antimony Ores and Concentrates in Scandinavia

In value terms, antimony ore and concentrate production dropped to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 20%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Antimony Ores and Concentrates

Exports in Scandinavia

Antimony ore and concentrate exports soared to X kg in 2021, jumping by 31% against 2020 figures. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 214% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, antimony ore and concentrate exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden dominates exports structure, accounting for X kg, which was near 95% of total exports in 2021. The following exporters - Finland (X kg) and Norway (X kg) - together made up 4.5% of total exports.

Sweden was also the fastest-growing in terms of the antimony ores and concentrates exports, with a CAGR of +26.0% from 2012 to 2021. Norway (-29.3%) and Finland (-42.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland and Norway increased by +2.8 and +1.7 percentage points, respectively.

In value terms, Sweden ($X) remains the largest antimony ore and concentrate supplier in Scandinavia, comprising 99% of total exports. The second position in the ranking was held by Finland ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +52.9%. In the other countries, the average annual rates were as follows: Finland (-44.6% per year) and Norway (-34.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, growing by 163% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 603% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($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 (+21.4%), while the other leaders experienced a decline in the export price figures.

Imports of Antimony Ores and Concentrates

Imports in Scandinavia

In 2021, imports of antimony ores and concentrates in Scandinavia surged to X tons, jumping by 137% on the previous year. Overall, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 198% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, antimony ore and concentrate imports surged to $X in 2021. In general, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when imports increased by 168%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Finland was the key importing country with an import of around X kg, which accounted for 53% of total imports. It was distantly followed by Norway (X kg), Sweden (X kg) and Denmark (X kg), together generating a 47% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +59.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X), Finland ($X) and Sweden ($X) were the countries with the highest levels of imports in 2021, together comprising 91% of total imports.

In terms of the main importing countries, Norway, with a CAGR of +48.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 12% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 101% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per ton), while Finland ($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 (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform