Norway: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Norway

The Norwegian monoammonium phosphate market dropped remarkably to $X in 2022, with a decrease of -23.1% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.0% against 2016 indices. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Monoammonium Phosphate Production in Norway

In value terms, monoammonium phosphate production shrank to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 32%. Monoammonium phosphate production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Monoammonium Phosphate Exports

Exports from Norway

In 2022, shipments abroad of monoammonium phosphate (MAP) increased by 42% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 345% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, monoammonium phosphate exports soared to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 259%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons), Poland (X tons) and Guatemala (X tons) were the main destinations of monoammonium phosphate exports from Norway, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +19.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from Norway, comprising 48% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 24% share of total exports. It was followed by Poland, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (0.0% per year) and Poland (+14.7% per year).

Export Prices by Country

In 2022, the average monoammonium phosphate export price amounted to $X per ton, picking up by 8.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 87%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 Lithuania (+98.7%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into Norway

In 2022, approx. X tons of monoammonium phosphate (MAP) were imported into Norway; picking up by 7.6% against 2021 figures. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 146%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports surged to $X in 2022. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 109%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Finland (X tons) was the main monoammonium phosphate supplier to Norway, accounting for a 91% share of total imports. Moreover, monoammonium phosphate imports from Finland exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland amounted to +62.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+90.5% per year) and Spain (+85.9% per year).

In value terms, Finland ($X) constituted the largest supplier of monoammonium phosphate (MAP) to Norway, comprising 89% of total imports. The second position in the ranking was held by France ($X), with a 4.9% share of total imports. It was followed by Spain, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from Finland totaled +71.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+86.8% per year) and Spain (+69.8% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, jumping by 71% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monoammonium phosphate import price increased by +135.1% against 2020 indices. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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