Scandinavia: Dolomite Market 2024

Dolomite Market Size in Scandinavia

After two years of decline, the Scandinavia dolomite market increased by 19% to $X in 2021. Overall, consumption, however, saw a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dolomite Production in Scandinavia

In value terms, dolomite production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible contraction. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Dolomite Exports

Exports in Scandinavia

For the third year in a row, Scandinavia recorded decline in shipments abroad of chalk and dolomite, which decreased by -7.1% to X tons in 2021. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 9.6%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, dolomite exports dropped slightly to $X in 2021. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 9.1%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway prevails in exports structure, recording X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Sweden (X tons), achieving a 9.5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dolomite exports from Norway stood at +2.4%. At the same time, Sweden (+5.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +5.3% from 2012-2021. From 2012 to 2021, the share of Norway and Sweden increased by +44 and +5.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest dolomite supplier in Scandinavia, comprising 81% of total exports. The second position in the ranking was held by Sweden ($X), with a 16% share of total exports.

In Norway, dolomite exports contracted by an average annual rate of -1.5% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, increasing by 5.4% against the previous year. In general, the export price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2019 an increase of 17% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.7%).

Dolomite Imports

Imports in Scandinavia

Dolomite imports dropped to X tons in 2021, with a decrease of -11.9% on 2020 figures. In general, imports showed a noticeable decline. The growth pace was the most rapid in 2018 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, dolomite imports rose sharply to $X in 2021. Over the period under review, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 9.9% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) represented the main importer of chalk and dolomite, committing 50% of total imports. It was distantly followed by Denmark (X tons), Finland (X tons) and Norway (X tons), together constituting a 50% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of +3.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest dolomite importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), together accounting for 86% of total imports. These countries were followed by Norway, which accounted for a further 14%.

In terms of the main importing countries, Norway, with a CAGR of +8.4%, saw the highest rates of growth with regard to 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

In 2021, the import price in Scandinavia amounted to $X per ton, surging by 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+11.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform