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Norway - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights
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Iron Ore Market Size in Norway
The Norwegian iron ore market fell to $X in 2019, which is down by -X% against the previous year. Overall, consumption saw a noticeable reduction. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Iron ore consumption peaked at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
Iron Ore Production in Norway
In value terms, iron ore production skyrocketed to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.
Iron Ore Exports
Exports from Norway
In 2019, shipments abroad of iron ores increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted moderate growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2019, exports failed to regain the momentum.
In value terms, iron ore exports surged to $X in 2019. Over the period under review, exports enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.
Exports by Country
The Netherlands (X tons) was the main destination for iron ore exports from Norway, accounting for a X% share of total exports. Moreover, iron ore exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), eightfold.
From 2007 to 2019, the average annual rate of growth in terms of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Germany (-X% per year).
In value terms, the Netherlands ($X) remains the key foreign market for iron ore exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Germany (-X% per year).
Export Prices by Country
The average iron ore export price stood at $X per ton in 2019, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.
Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Germany, while the prices for the other major destinations experienced mixed trend patterns.
Iron Ore Imports
Imports into Norway
In 2019, overseas purchases of iron ores decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a mild reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons. From 2017 to 2019, the growth imports remained at a lower figure.
In value terms, iron ore imports rose notably to $X in 2019. Over the period under review, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.
Imports by Country
In 2019, Russia (X tons) was the main supplier of iron ore to Norway, with a X% share of total imports. It was followed by Sweden (X tons), with a X% share of total imports.
From 2007 to 2019, the average annual rate of growth in terms of volume from Russia totaled -X%.
In value terms, Russia ($X) constituted the largest supplier of iron ore to Norway, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports.
From 2007 to 2019, the average annual growth rate of value from Russia stood at +X%.
Import Prices by Country
The average iron ore import price stood at $X per ton in 2019, picking up by X% against the previous year. Over the period under review, the import price enjoyed a measured increase. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2015 to 2019, the growth in terms of the average import prices failed to regain the momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Sweden ($X per ton), while the price for Russia totaled $X per ton.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the iron ore market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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