Norway: Nitrates Market 2025

Nitrates Market Size in Norway

In 2021, the Norwegian nitrates market decreased by -14.5% to $X, falling for the second consecutive year after five years of growth. In general, consumption showed noticeable growth. Nitrates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Nitrates Production in Norway

In value terms, nitrates production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a slight descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 18% against the previous year. Nitrates production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Nitrates Exports

Exports from Norway

In 2021, overseas shipments of nitrates (excluding those of potassium) increased by 49% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrates exports skyrocketed to $X in 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), France (X tons) and Germany (X tons) were the main destinations of nitrates exports from Norway, together accounting for 41% of total exports. These countries were followed by South Africa, the UK, Italy, Guatemala, Spain, Sweden, Denmark, Japan and Russia, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +87.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for nitrates (excluding those of potassium) exports from Norway, comprising 18% of total exports. The second position in the ranking was taken by France ($X), with a 9.2% share of total exports. It was followed by South Africa, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.2% per year) and South Africa (+7.8% per year).

Export Prices by Country

The average nitrates export price stood at $X per ton in 2021, surging by 13% against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2014 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-0.2%), while the prices for the other major destinations experienced a decline.

Nitrates Imports

Imports into Norway

For the third year in a row, Norway recorded decline in purchases abroad of nitrates (excluding those of potassium), which decreased by -9.9% to X tons in 2021. Over the period under review, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 71%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, nitrates imports dropped rapidly to $X in 2021. In general, imports showed a deep slump. The growth pace was the most rapid in 2018 when imports increased by 68%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Denmark (X tons) and Poland (X tons) were the main suppliers of nitrates imports to Norway, with a combined 88% share of total imports. These countries were followed by Germany, the Czech Republic, Sweden, the Netherlands and Belgium, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +125.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of nitrates (excluding those of potassium) to Norway, comprising 40% of total imports. The second position in the ranking was taken by Poland ($X), with an 11% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +94.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+24.9% per year) and Germany (-8.3% per year).

Import Prices by Country

In 2021, the average nitrates import price amounted to $X per ton, falling by -27.5% against the previous year. In general, the import price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+58.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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