Scandinavia: Dolomite Market 2024

Dolomite Market Size in Scandinavia

The Scandinavia dolomite market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Dolomite Production in Scandinavia

In value terms, dolomite production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 30% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Dolomite Exports

Exports in Scandinavia

In 2021, after two years of growth, there was decline in overseas shipments of dolomite, when their volume decreased by -0.4% to X tons. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 14%. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank slightly in the following year.

In value terms, dolomite exports stood at $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 11% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Norway prevails in exports structure, recording X tons, which was near 90% of total exports in 2021. It was distantly followed by Sweden (X tons), making up a 9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dolomite exports from Norway stood at +4.1%. At the same time, Sweden (+5.4%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +5.4% from 2012-2021. Norway (+4.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest dolomite supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Norway amounted to +2.4%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, increasing by 3.8% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2018 an increase of 14%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.4%).

Dolomite Imports

Imports in Scandinavia

In 2021, the amount of dolomite imported in Scandinavia declined modestly to X tons, shrinking by -4.4% against the year before. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 29% against the previous year. The volume of import peaked at X tons in 2020, and then dropped modestly in the following year.

In value terms, dolomite imports totaled $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Sweden (X tons) and Denmark (X tons) dominates imports structure, together constituting 94% of total imports. It was distantly followed by Norway (X tons), creating a 6.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +10.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 99.9% of total imports.

Among the main importing countries, Denmark, with a CAGR of +7.5%, recorded 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, picking up by 12% against the previous year. Overall, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2019 an increase of 13%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 (+3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform