Norway: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Norway

The Norwegian animal or vegetable fertilisers market fell significantly to $X in 2022, reducing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Animal or vegetable fertilisers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Animal Or Vegetable Fertilisers in Norway

In value terms, animal or vegetable fertilisers production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Animal or vegetable fertilisers production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports from Norway

After ten years of growth, shipments abroad of animal or vegetable fertilisers decreased by X% to X tons in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, animal or vegetable fertilisers exports surged to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Vietnam (X tons) and Brazil (X tons) were the main destinations of animal or vegetable fertilisers exports from Norway, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for animal or vegetable fertilisers exported from Norway were Italy ($X), the United States ($X) and Spain ($X), together comprising X% of total exports. India, Brazil, China, Vietnam, the Netherlands, the UK and Austria lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw 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

In 2022, the average animal or vegetable fertilisers export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a abrupt descent. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 United States ($X per ton), while the average price for exports to Vietnam ($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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Animal Or Vegetable Fertilisers

Imports into Norway

In 2022, overseas purchases of animal or vegetable fertilisers decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, animal or vegetable fertilisers imports reduced remarkably to $X in 2022. Overall, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of animal or vegetable fertilisers to Norway, with a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Sweden exceeded the figures recorded by the second-largest supplier, Canada (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total imports with an 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: Canada (X% per year) and the Netherlands (X% per year).

In value terms, Canada ($X) constituted the largest supplier of animal or vegetable fertilisers to Norway, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average animal or vegetable fertilisers import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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