Norway: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Norway

For the sixth consecutive year, the Norwegian nitrogenous fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Nitrogenous Fertilizer Production in Norway

In value terms, nitrogenous fertilizer production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Nitrogenous Fertilizer Exports

Exports from Norway

After five years of growth, overseas shipments of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank modestly in the following year.

In value terms, nitrogenous fertilizer exports declined to $X in 2022. Overall, total exports indicated a slight expansion 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for nitrogenous fertilizer exports from Norway, accounting for a X% share of total exports. Moreover, nitrogenous fertilizer exports to the United States exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) remains the key foreign market for nitrogenous fertilizers (mineral or chemical) exports from Norway, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Spain (X% per year).

Export Prices by Country

The average nitrogenous fertilizer export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price recorded a pronounced decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. 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.

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 Egypt ($X per ton), while the average price for exports to Sweden ($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 a decline.

Nitrogenous Fertilizer Imports

Imports into Norway

In 2022, imports of nitrogenous fertilizers (mineral or chemical) into Norway expanded slightly to X tons, rising by X% compared with the previous year. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer imports rose rapidly to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Belgium (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of nitrogenous fertilizer imports to Norway, together accounting for X% of total imports.

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

In value terms, Germany ($X), Sweden ($X) and Belgium ($X) appeared to be the largest nitrogenous fertilizer suppliers to Norway, together accounting for X% of total imports.

Among the main suppliers, Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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