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Norway - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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Norway: Overview of the Market for Iron Ores And Concentrates 2021

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Market Size for Iron Ores And Concentrates in Norway

In 2020, the Norwegian iron ore and concentrate market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, saw a buoyant increase. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Production of Iron Ores And Concentrates in Norway

In value terms, iron ore and concentrate production rose markedly to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Exports of Iron Ores And Concentrates

Exports from Norway

In 2020, shipments abroad of iron ores and concentrates increased by X% to X tonnes, rising for the third consecutive year after three years of decline. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, iron ore and concentrate exports skyrocketed to $X in 2020. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes), Egypt (X tonnes) and China (X tonnes) were the main destinations of iron ore and concentrate exports from Norway, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in the Netherlands, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), the Netherlands ($X) and China ($X) constituted the largest markets for iron ore and concentrate exported from Norway worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average iron ore and concentrate export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Egypt ($X per tonne), while the average price for exports to Switzerland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Ores And Concentrates

Imports into Norway

Iron ore and concentrate imports into Norway dropped modestly to X tonnes in 2020, approximately equating the previous year's figure. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, iron ore and concentrate imports amounted to $X in 2020. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

Russia (X tonnes), Mauritania (X tonnes) and Sweden (X tonnes) were the main suppliers of iron ore and concentrate imports to Norway, together accounting for X% of total imports. France and South Africa lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France, while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of iron ore and concentrate to Norway, comprising X% of total imports. The second position in the ranking was occupied by Mauritania ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Russia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritania (-X% per year) and Sweden (-X% per year).

Import Prices by Country

The average iron ore and concentrate import price stood at $X per tonne in 2020, leveling off at the previous year. Over the period under review, import price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron ore and concentrate import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Africa ($X per tonne), while the price for Mauritania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores and concentrates in the world?
+
The country with the largest volume of iron ore and concentrate consumption was China (1,493M tonnes), comprising approx. 58% of total volume. Moreover, iron ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, India (178M tonnes), eightfold. The third position in this ranking was occupied by Australia (132M tonnes), with a 5.1% share.
What are the largest producers of iron ores and concentrates in the world?
+
Australia (900M tonnes) remains the largest iron ore and concentrate producing country worldwide, comprising approx. 37% of total volume. Moreover, iron ore and concentrate production in Australia exceeded the figures recorded by the second-largest producer, Brazil (400M tonnes), twofold. The third position in this ranking was occupied by China (340M tonnes), with a 14% share.
What are the leading suppliers of iron ores and concentrates to Norway?
+
In value terms, Russia ($7.3M) constituted the largest supplier of iron ore and concentrate to Norway, comprising 60% of total imports. The second position in the ranking was occupied by Mauritania ($1.9M), with a 16% share of total imports. It was followed by Sweden, with a 14% share.
What are the leading importers of iron ores and concentrates from Norway?
+
In value terms, Egypt ($90M), the Netherlands ($78M) and China ($19M) appeared to be the largest markets for iron ore and concentrate exported from Norway worldwide, with a combined 85% share of total exports.
What is the average export price for iron ores and concentrates in Norway?
+
In 2020, the average iron ore and concentrate export price amounted to $98 per tonne, surging by 34% against the previous year.
What is the average import price for iron ores and concentrates in Norway?
+
The average iron ore and concentrate import price stood at $147 per tonne in 2020, leveling off at the previous year.

Product coverage:

This report provides an in-depth analysis of the market for iron ore and concentrate 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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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