Norway: Mica Market 2022

Mica Market Size in Norway

The Norwegian mica market reduced remarkably to $X in 2021, falling by -X% against the previous year. Overall, consumption faced a significant decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Mica Production in Norway

In value terms, mica production contracted to $X in 2021 estimated in export price. In general, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Mica production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Mica Exports

Exports from Norway

In 2021, mica exports from Norway surged to X tonnes, jumping by X% compared with the previous year. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tonnes in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, mica exports surged to $X in 2021. In general, exports showed a pronounced expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iceland (X tonnes) was the main destination for mica exports from Norway, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Iceland stood at +X%.

In value terms, Iceland ($X) also remains the key foreign market for mica exports from Norway.

From 2012 to 2021, the average annual growth rate of value to Iceland totaled +X%.

Export Prices by Country

In 2021, the average mica export price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Iceland.

From 2012 to 2021, the rate of growth in terms of prices for Iceland amounted to +X% per year.

Mica Imports

Imports into Norway

Mica imports into Norway contracted markedly to X tonnes in 2021, reducing by -X% against the year before. Over the period under review, imports faced a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tonnes in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, mica imports soared to $X in 2021. Overall, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tonnes) constituted the largest mica supplier to Norway, accounting for a X% share of total imports. Moreover, mica imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. Sweden (X kg) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Sweden (-X% per year).

In value terms, the Netherlands ($X), China ($X) and Denmark ($X) were the largest mica suppliers to Norway, with a combined X% share of total imports.

The Netherlands, with a CAGR of -X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average mica import price stood at $X per tonne in 2021, with an increase of X% against the previous year. Overall, the import price recorded a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per tonne), while the price for Sweden ($X per tonne) was amongst the lowest.

From 2012 to 2021, 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