Norway: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Norway

The Norwegian iron oxide pigment market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption recorded a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Iron Oxide Pigment Production in Norway

In value terms, iron oxide pigment production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Iron Oxide Pigment Exports

Exports from Norway

In 2022, shipments abroad of iron oxide pigments increased by X% to X tons, rising for the third consecutive year after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, iron oxide pigment exports shrank to $X in 2022. In general, exports, however, continue to indicate a mild downturn. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Denmark (X tons) and the UK (X tons) were the main destinations of iron oxide pigment exports from Norway, together accounting for X% of total exports. Spain, the Netherlands, the United States, Poland and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and the UK ($X) appeared to be the largest markets for iron oxide pigment exported from Norway worldwide, together accounting for X% of total exports. Spain, the Netherlands, the United States, France and Poland lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron oxide pigment export price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Iron Oxide Pigment Imports

Imports into Norway

In 2022, the amount of iron oxide pigments imported into Norway skyrocketed to X tons, picking up by X% against the previous year. Overall, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron oxide pigment imports soared to $X in 2022. Over the period under review, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of iron oxide pigment to Norway, with a X% share of total imports. Moreover, iron oxide pigment imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Denmark (X% per year).

In value terms, Germany ($X), Sweden ($X) and Denmark ($X) constituted the largest iron oxide pigment suppliers to Norway, together accounting for X% of total imports.

Among the main suppliers, Denmark, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average iron oxide pigment import price amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then declined dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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