Scandinavia: Graphite Market 2024

Graphite Market Size in Scandinavia

The Scandinavia graphite market amounted to $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 1.4% against the previous year. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Graphite Production in Scandinavia

In value terms, graphite production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 1.2% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Graphite Exports

Exports in Scandinavia

In 2021, after two years of growth, there was significant decline in shipments abroad of graphite (natural), when their volume decreased by -26.1% to X tons. Over the period under review, exports recorded a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of 132% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, graphite exports declined to $X in 2021. In general, exports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 60%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Norway dominates exports structure, resulting at X tons, which was approx. 97% of total exports in 2021. Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to graphite exports from Norway stood at -2.5%. At the same time, Sweden (+7.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +7.3% from 2012-2021. While the share of Sweden (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Norway (-1.8 p.p.) displayed negative dynamics.

In value terms, Norway ($X) remains the largest graphite supplier in Scandinavia, comprising 79% of total exports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total exports.

In Norway, graphite exports declined by an average annual rate of -5.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, increasing by 30% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2018 an increase of 47%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%).

Graphite Imports

Imports in Scandinavia

Graphite imports soared to X tons in 2021, growing by 38% compared with 2020 figures. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 72% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, graphite imports soared to $X in 2021. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 89% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the main importer of graphite (natural), creating 62% of total imports. Finland (X tons) ranks second in terms of the total imports with a 15% share, followed by Norway (14%) and Denmark (9.2%).

Imports into Sweden increased at an average annual rate of +7.0% from 2012 to 2021. At the same time, Finland (+23.1%) and Norway (+13.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +23.1% from 2012-2021. By contrast, Denmark (-7.7%) illustrated a downward trend over the same period. While the share of Finland (+11 p.p.), Norway (+6 p.p.) and Sweden (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-22.8 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported graphite (natural) in Scandinavia, comprising 51% of total imports. The second position in the ranking was taken by Finland ($X), with a 20% share of total imports. It was followed by Norway, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +5.4%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+17.3% per year) and Norway (+29.9% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2020 when the import price increased by 26%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 Norway (+14.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform