Norway: Salt Market 2022

Salt Market Size in Norway

The Norwegian salt market stood at $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Salt Exports

Exports from Norway

Salt exports from Norway surged to X tonnes in 2021, rising by X% on 2020. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, salt exports surged to $X in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Faroe Islands (X tonnes), Iceland (X tonnes) and Canada (X tonnes) were the main destinations of salt exports from Norway, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Iceland ($X) and Faroe Islands ($X) constituted the largest markets for salt exported from Norway worldwide, together comprising X% of total exports.

Iceland, 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 salt export price stood at $X per tonne in 2021, increasing by X% against the previous year. In general, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per tonne in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Denmark ($X per tonne), while the average price for exports to Faroe Islands ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-X%), while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Norway

After two years of decline, purchases abroad of salt and pure sodium chloride increased by X% to X tonnes in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, salt imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tonnes) constituted the largest supplier of salt to Norway, accounting for a X% share of total imports. Moreover, salt imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

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

In value terms, the Netherlands ($X) constituted the largest supplier of salt to Norway, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with an X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2021, the average salt import price amounted to $X per tonne, growing by X% against the previous year. In general, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform