Norway: Mixed Fertilizer Market 2025

Mixed Fertilizer Market Size in Norway

The Norwegian mixed fertilizer market skyrocketed to $X in 2022, jumping by 190% against the previous year. Over the period under review, consumption, however, showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Mixed Fertilizer Production in Norway

In value terms, mixed fertilizer production fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Mixed Fertilizer Exports

Exports from Norway

In 2022, the amount of mixed fertilizers exported from Norway declined slightly to X tons, waning by -4.6% on the year before. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 24%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped slightly in the following year.

In value terms, mixed fertilizer exports dropped markedly to $X in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Brazil (X tons) was the main destination for mixed fertilizer exports from Norway, accounting for a 26% share of total exports. Moreover, mixed fertilizer exports to Brazil exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by the UK (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.8% per year) and the UK (-1.8% per year).

In value terms, Brazil ($X) emerged as the key foreign market for mixed fertilizers exports from Norway, comprising 25% of total exports. The second position in the ranking was held by China ($X), with a 9.7% share of total exports. It was followed by the UK, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.1% per year) and the UK (-2.0% per year).

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, which is down by -14.8% against the previous year. Over the period under review, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Guatemala ($X per ton), while the average price for exports to Turkey ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Mixed Fertilizer Imports

Imports into Norway

After three years of growth, supplies from abroad of mixed fertilizers decreased by -55% to X tons in 2022. Overall, imports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 44%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, mixed fertilizer imports shrank to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 49%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of mixed fertilizer to Norway, with a 62% share of total imports. Moreover, mixed fertilizer imports from Finland exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. Sweden (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland amounted to +42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-12.4% per year) and Sweden (+1.9% per year).

In value terms, Finland ($X) constituted the largest supplier of mixed fertilizers to Norway, comprising 69% of total imports. The second position in the ranking was held by Spain ($X), with a 7.5% share of total imports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Finland totaled +43.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+84.5% per year) and the Netherlands (-10.8% per year).

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, growing by 116% against the previous year. In general, the import price continues to indicate a resilient increase. 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 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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